Axis Bank FD interest rates revised: Check details

Axis bank has revised interest rates a second time since January 2022. Axis Bank has revised its fixed deposit (FD) interest rates, latest rates will be effective from March 5, 2022.

According to the bank's website, it has revised interest rates on FDs worth less than Rs 2 crore and above with different maturities.

According to the website for deposits below Rs 2 crore, FDs with a term of one to two years will now earn between 5.10-5.25%, while those with a tenure of two to less than five years will get 5.40%, and FDs with a tenure of 5 years and up to 10 years will fetch 5.75%.


Fixed deposit interest rates

Senior citizens' FD rates
Axis Bank has also revised its FD rates for senior citizens. According to the bank's website. Senior citizens will receive interest rates ranging from 2.5 percent to 6.50 percent on FD deposits maturing in 7 days to 10 years for deposits less than Rs 2 crore. A senior citizen can earn 5.75 percent per year on a one-year Axis Bank FD for deposits below Rs 2 crore.

Along with revising rates on domestic FDs, the bank has revised NRI and FCNR deposit rates too. According to Axis Bank FD rates, NRE deposits of up to Rs 2 crore for a one-two year tenure will earn between 5.10-5.25 percent.