Axis Bank revises constant deposit Interest Charges.

The latest FD price here, Axis Bank, give senior citizens a better price on pick out maturities.

Private zone lender Axis Bank has revised interest Charges on fixed deposits (FDs) with an impact from 18 March. Axis Bank gives FDs throughout specific tenures, starting from 7 days to 10 years.

After the latest revision, Axis Bank provides an interest Charges of 2.50 per cent on FDs with maturity between 7 days and 29 days, 3% for FDs maturing among 30 days and less than three months, 3.5 per cent for FDs among three months and less than six months.

For FDs maturing in six months to much less than 11 months 25 days, Axis Bank offers 4.40 per cent interest charges. For 11 months, 25 days to much less than 1 yr 5 days 5.15 per cent, 1 yr 5 days to much less than 18 months 5.10 per cent. For terms deposits maturing in 18 months to much less than two years, Axis Bank offers 5.25 per cent interest charges.

For long-time period deposits maturing in 2 years to five years, Axis Bank gives an interest charge of 5.40 per cent. And deposits maturing in five years to ten years will fetch you an interest charge of 5.75 per cent.

Axis Bank latest FD interest charges (below ₹ two crores) for the general public with impact from 18 March

7 days to 14 days 2.50%

15 days to 29 days 2.50%

30 days to 45 days 3%

46 days to 60 days 3%

61 days < 3 months 3%

3 months < 4 months 3.5%

4 months < 5 months 3.5%

5 months < 6 months 3.5%

6 months < 7 months 4.40%

7 months < 8 months 4.40%

8 months < 9 months 4.40%

9 months < 10 months 4.40%

10 months < 11 months 4.40%

11 months < 11 months 25 days 4.40%

11 months 25 days < 1 year 5.15%

1 year < 1 year 5 days 5.15%

1 year 5 days < 1 year 11 days 5.10%

1 year 11 days < 1 year 25 days 5.10%

1 year 25 days < 13 months 5.10%

13 months < 14 months 5.10%

14 months < 15 months 5.10%

15 months < 16 months 5.10%

16 months < 17 months 5.10%

17 months < 18 months 5.10%

18 Months < 2 years 5.25%

2 years < 30 months 5.40%

30 months < 3 years 5.40%

3 years < 5 years 5.40%

5 years to 10 years 5.75%

Axis Bank FD charges for their senior citizens.

Axis Bank provides a higher rate to senior citizens on select maturities. Senior citizens get interest charges from 2.5 per cent to 6.50 per cent on deposits maturing in seven days to ten years.

In January this yr, the private lender had introduced the elimination of penalty on premature closure of all new retail term deposits booked on or after 15 December 2020 for a tenure of two years or more. According to the bank, the goal of this customer-pleasant feature is to inculcate and inspire retail clients to move for long-term financial savings without stressful about the unexpected liquidity needs. The new function is applicable to all new fixed deposits and recurring deposits. For new deposits booked for a tenure above two years, there could be nil premature penalty if the complete deposit is prematurely withdrawn post 15 months of booking.