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Large private sector lender Axis Bank has raised Rs. Changed interest rates on fixed deposits below Rs 2 crore. After this change in interest rates, Axis Bank will offer 3.50% to 7.10% interest on 7 day to 10 year FD to its general customers. Apart from this, Axis Bank will offer 3.50% to 7.75% interest on FDs of 7 days to 10 years to its senior citizen customers. According to the information received from the official website of the bank, the new interest rate will be applicable from December 26. Let us tell you that the country’s largest public sector bank State Bank of India (SBI) has also increased the interest rate on fixed deposits.
Axis Bank FD rate hike
Following this change in interest rates, Axis Bank is offering 3% on FDs from 7 days to 29 days, 3.50% on FDs from 30 days to 45 days, 4.25% on FDs from 46 days to 7 days, FDs from 61 days to less than 3 days. months. It offers 4.50% interest on FD, 4.75% on 3 month to 6 month FD, 5.75% on 6 month to 9 month FD. At the same time, the bank is offering 6% interest on FDs of 9 months to less than 1 year and 6.70% interest on FDs of less than 1 year and 15 months.
SBI has also increased the FD rates
On the other hand, Axis Bank is offering 7.10% on FDs of 15 months to less than 2 years, 7.10% on FDs of 2 years to less than 3 years, 7.10% on FDs of 3 years to less than 5 years and 7.10%. 5 years to less than 5 years on FD. It offers 7% interest on FD up to 10 years. Let us tell you that SBI has also increased the FD rate today. After this increase in FD rates, SBI is offering 3.50 to 7 percent interest on 7 day to 10 year FD to its general customers and 4 to 7.50 percent to its senior citizen customers.