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HomeBusinessAxis Bank will give higher interest rate to its customers on FD...

Axis Bank will give higher interest rate to its customers on FD of less than 2 crores

Axis Bank FD Rates Increased: The country’s largest private sector bank i.e. Axis Bank has given great news to its customers. The bank has decided to increase the interest rate on its deposit scheme of less than Rs 2 crore. The bank is currently offering interest rates ranging from 2.75% to 5.75% (Axis Bank FD Rates) to ordinary citizens. At the same time, the bank is offering an interest rate of 2.75% to 6.50% to senior citizens. The bank allows its customers to make FD (Axis Bank FD Rates Hiked) on a tenor ranging from 7 days to 10 years. Along with this, the bank has also increased the interest rate on FDs of Rs 2 to 100 crores.

The interest rate available to ordinary citizens on FD of less than 2 crores-
Axis Bank gives maximum interest to its general customers on FDs of less than Rs 2 crore from 1 year 11 days FD to 1 year 25 days FD. This interest rate is 5.75%. At the same time, 2.75% interest rate offer on FDs of 7 days to 14 days is being offered to ordinary citizens. At the same time, 2.75% interest rate on FDs of 15 to 29 days, 3.25% on FDs of 30 to 45 days, 3.25% on FDs of 46 to 60 days, 3.25% on FDs from 61 to 3 months, FDs of 3 to 6 months 3.75% on FDs from 7 to 9 months, 4.65% on FDs from 9 to 11 months, 4.75% on FDs of 9 to 11 months, 4.75% on 11 months to 11 months, 1 year to 1 year 11 days 5.45% interest rate bank is offered by.

At the same time, 5.75% interest rate is offered on FD of 1 year 11 days to 1 year 25 days. At the same time, 5.60% on FDs of 1 year 25 days to 2 years, 5.70% on FDs of 2 to 5 years and 5.75% interest rates on FDs from 5 to 10 years are offered by the bank.

FD to senior citizens on FD less than 2 crores-
On the other hand, senior citizens are offered a higher rate of interest on FDs below Rs 2 crore than normal citizens (Axis Bank FD Rates of Senior Citizen). The bank gives the highest interest rate to senior citizens from 1 year 11 days to 1 year 25 days FD. This interest rate is of 6.50%. At the same time, 6.45% interest rate is being offered on FDs of 2 to 5 years, while 6.20% interest rate is being offered on FDs of 1 year or less. At the same time, on FDs of less than 9 months, an interest rate of less than 5% is offered by Axis Bank.

These banks also increased the interest rate
Let us tell you that apart from Axis Bank, many banks like Union Bank, Bank of Baroda, Central Bank of India, Punjab National Bank etc. have increased their FD rates. has increased. All these banks have increased their FD rates because in the last four months, the Reserve Bank of India has continuously increased its repo rate to control inflation in India. It has increased from 4.00% to 5.40%. The effect of increasing repo rate is also visible on the deposit schemes offered by banks and many banks have increased their fixed deposit, RD and savings account interest rates continuously.

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