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Fixed Deposit: If you want to get strong returns by investing your accumulated capital in Fixed Deposit (FD), then this news is for you. Large private sector lender Axis Bank has raised Rs. Reduced the interest rate by 10 basis points for a fixed period on FDs below Rs 2 crore. The bank has reduced the interest rate on FDs of less than 2 years and 30 months from 7.20% to 7.10%. After this change, the bank is offering 3.50% to 7.10% interest on 7 day to 10 year FD to its customers.
Axis Bank FD Rates
say it Axis Bank 3.50% interest on 7 days to 45 days FD, 60% on 46 to 60 days FDs, 4.50% on 61 days to 3 months FDs and 4.75% on 3 months to less than 6 months FDs. On the other hand, banks will pay 5.75% on FDs of 6 months to 9 months, 6% on FDs of 9 months to less than 1 year, 1 year to 1 year and 6.75% on FDs of 4 days while FDs of 1 year and 5 days. Up to 13 months. Pays 6.80% interest on FD.
Here you will get 7.85% interest
On the other hand, Axis Bank is offering 7.10% interest to its customers on FDs from 13 months to less than 30 months. Also, after this change in interest rates, Axis Bank is offering 3.50% to 7.85% interest on HD from 7 days to 10 years to its senior citizen customers. The bank is offering the highest interest rate of 7.85% to its senior citizen customers on FDs with tenors ranging from 13 months to less than 30 months.
Disclaimer: Information provided here is only about stock performance, not investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.