Axis Financial institution has revised rates of interest on fastened deposits (FDs) with impact from 17 March 2022. Axis Financial institution gives FDs throughout completely different tenures, starting from 7 days to 10 years.
After the newest revision on deposits lower than 2 crores, for time period deposits maturing in 18 months to lower than 2 years, Axis Financial institution provides 5.25% curiosity.
For deposits for two years however lower than 30 months, Axis Financial institution provides 5.40% curiosity. For long-term deposits maturing in additional than 3 years to lower than 5 years, Axis Financial institution gives an rate of interest of 5.40%. And deposits maturing in 5 years to 10 years will fetch you an rate of interest of 5.75%.
Axis Financial institution FD charges for senior residents
Senior residents will get an rate of interest starting from 2.5% to six.50% on deposits maturing in 7 days to 10 years.
Earlier, banks just like the State Financial institution of India (SBI), HDFC Financial institution, Financial institution of Baroda and Canara Financial institution revised their FD rates of interest.
Supply: Live Mint