Table of Contents
Axis Bank has revised its fixed deposit interest rates for sums less than 2 crore as of July 26, 2023. According to the Axis Bank website, the new prices are now in place. Notably, the bank has decreased the interest rate by 10 basis points (bps) on one tenure.
Axis Bank currently offers fixed deposit rates ranging from 3.50% to 7.10% per year to the general population. These rates apply to deposits of less than 2 crore with varied tenures.
Customers can contact Axis Bank directly or visit their official website for the most recent information on fixed deposit interest rates and other terms and restrictions. Banks may examine and alter their interest rates on a regular basis based on market conditions and regulatory standards.
Axis Bank has changed its fixed deposit interest rates for accounts under 2 crore as of July 26, 2023. The bank now offers guaranteed interest rates on a variety of terms, giving customers appealing options for short- to medium-term investments.
Axis Bank guarantees a competitive interest rate of 3.50% per annum on fixed deposits maturing in 7 to 45 days. Similarly, for deposits with a somewhat longer term of 46 to 60 days, the bank guarantees a 4% interest rate.
Axis Bank offers an attractive interest rate of 4.50% for people wishing to invest for a period of 61 days to three months. As a result, it is an interesting option for customers looking for a short-term investment option with higher returns.
Furthermore, customers who invest for three to six months can benefit from Axis Bank’s guaranteed interest rate of 4.75%. This rate strikes a compromise between short-term liquidity and higher investment returns.
Axis Bank’s New Interest Rates
It is crucial to note that these guaranteed interest rates only apply to fixed deposits of less than Rs. 2 crore. Customers can choose the term that best meets their financial objectives and risk tolerance. The interest rates are locked in at the moment of deposit, providing investors with stability and predictability.
Before creating an FD, consumers should carefully consider their financial objectives, liquidity needs, and risk tolerance, just as they would with any other investment decision. Consider current market conditions, current interest rate trends, and any future changes in the economic environment.
Customers can explore the complete variety of FD alternatives and obtain detailed information about interest rates, tenures, and other terms and conditions by visiting Axis Bank’s official website or contacting their nearest branch. Investors can make the most of their Axis Bank fixed deposit investments by being informed and making informed decisions.
Axis Bank has changed its FD interest rates for accounts under Rs. 2 crores, delivering attractive rates over a range of tenures. Customers can earn 5.75% interest on deposits maturing in 6 to 9 months, while deposits maturing in 9 to 12 months get 6% interest.
The bank is presently offering a 6.75% interest rate on FD maturing in 1 year to 1 year 4 days. The interest rate on deposits maturing in one year, five days to thirteen months has been set at 6.80%. These rates make Axis Bank an appealing option for consumers wishing to invest in the short to medium-term while earning competitive returns on deposits.
Customers can also benefit from a 7.10% interest rate on deposits kept for 13 months to two years. However, the rate has been reduced by 10 basis points to 7.10% for deposits with maturities of 16 to 17 months, down from 7.20% previously.
Axis Bank offers an attractive interest rate of 7.05% on deposits kept for two years to thirty months. Similarly, the bank promises a 7% interest rate on deposits maturing between 30 months and 10 years. Customers looking for a longer-term investment with consistent returns may find these rates intriguing.
Before creating an FD, consumers should examine their financial objectives, risk tolerance, and liquidity needs, just as they would with any other investment decision. When making investing decisions, it is critical to stay current on market circumstances, interest rate patterns, and the economic forecast.
Senior Citizen Fixed Deposit Interest Rates
Customers may learn more about Axis Bank’s FD alternatives, interest rates, and terms and conditions by visiting the bank’s official website or contacting their local branch. Customers can maximize their fixed deposit returns with Axis Bank by making informed selections and aligning their investments with their financial goals. Axis Bank offers elderly citizens favorable fixed deposit (FD) rates, allowing them to grow their money with competitive interest rates.
Senior adults can receive an annual interest rate ranging from 3.50% to 7.85% on FDs with terms ranging from 7 days to 10 years. These new prices went into effect on July 26, 2023.
Senior folks can earn an annual interest rate of 3.50% on short-term investments maturing in 7 to 45 days. The rate rises to 4% per year for FDs maturing in 46 to 60 days, and to 4.50% per year for tenures ranging from 61 to three months.
Investors seeking somewhat longer maturities can receive an annual interest rate of 4.75% on FDs maturing in three to six months. The interest rate offered for investments maturing in 6 to 9 months is 5.75% per annum, while FDs maturing in 9 to 12 months yield 6% per annum.
Customers searching for a one-year investment can take advantage of an attractive annual interest rate of 6.75% on FDs maturing in 1 year to 1 year 4 days. Senior citizens can benefit from a higher interest rate of 6.80% per annum for tenures ranging from 1 year 5 days to 13 months.
Axis Bank offers a 7.10% annual interest rate on FDs with maturities ranging from 13 months to two years for individuals looking for longer-term investments. Senior folks can also receive an annual interest rate of 7.05% on FDs maturing in two to thirty months.
The bank offers a good 7% annual interest rate on FDs with terms ranging from 30 months to 10 years, making it an enticing choice for those with a longer investment horizon.
Axis Bank hopes that by offering these attractive rates, it would be able to meet the financial needs of senior residents while also providing them with the opportunity to make consistent returns on their investments. Individuals are always encouraged to evaluate their financial objectives and risk tolerance before making any investing decisions. Senior folks can optimize the benefits of Axis Bank fixed deposits by aligning their investments with their financial goals.