New Delhi: Following in the footsteps of HDFC and SBI Bank, Axis Bank has also changed the interest rates on fixed deposits. The new interest rates are applicable on FDs ranging from a tenure of 7 seven days to 10 years. The new interest rates are applicable from January 20, 2022. 


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With the latest revision in fixed deposit rates, the private lender is providing an interest rate of 2.50% on term deposits with a maturity period of 7 to 30 days. Similarly, the interest rate of FDs with tenure of 30 days to less than 3 months will now attract an interest rate of 3%.


Fixed deposits ranging between 3 to 6 months will now get an interest rate of 3.5%. Also, the interest rate on fixed deposits with maturity in six months to 11 months 25 days has been changed to 4.40%.


Axis Bank will now offer an interest rate of 5.10% on fixed deposits maturing in 11 months 25 days to less than 1 year. Term deposits maturing in 1 year 5 days to fewer than 1 year 26 days will attract an interest of 5.25%, Mint reported. 


Axis Bank will continue offering 50 bps more interest to senior citizens opening a fixed deposit account with the private sector lender. Such investors will receive an interest ranging from 2.50% to 6.50% on term deposits with maturity periods ranging from 7 days to 10 years. 


The interest rates mentioned above are applicable on fixed deposits worth less than Rs 2 crore. Moreover, Axis Bank is offering an interest rate of 5.25% on fixed deposits maturing in 18 months to less than 2 years. Also Read: ZOOOK Dash Junior smartwatch for kids and teenagers launched at Rs 3,499


Also, on long term fixed deposits that will mature in 2 years to 30 years, customers can enjoy an interest rate of 5.40%. Also Read: Aadhaat PVC card from open market not valid, where and how to get official Aadhaar PVC card?


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