Axis Bank has changed the interest rate of fixed deposits. The bank has made this change on deposits less than Rs 2 crore. Let us tell you that Axis Bank offers FDs in various tenors ranging from 7 days to 10 years.
What is the new interest rate: Axis Bank is offering 5.25 per cent interest for deposits maturing in 18 months to less than 2 years. Axis Bank pays 5.40 per cent interest for deposits of 2 years but less than 30 months.
The bank offers an interest rate of 5.40 per cent on deposits maturing in more than 3 years and less than 5 years. Deposits maturing in 5 years to 10 years will get an interest rate of 5.75 percent.
Apart from this, senior citizens will get an interest rate of 2.5 percent to 6.50 percent on deposits maturing in 7 days to 10 years.