Axis Bank has hiked fixed deposit (FD) interest rates for certain tenures. The revised FD rates are effective September 10, 2024, and apply to deposits up to Rs 3 crore, according to the Axis Bank website.
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Latest Axis Bank FD interest rates
Axis Bank offers FD interest rates between 3% and 7.25% for general citizens on tenures between 7 days and 10 years. Axis Bank offers interest rates between 3.5% and 7.75% for senior citizens.
| DEPOSITS – LESS THAN ₹ 5 CRORES*w.e.f. 10st September 2024** | ||||
| Maturity Period | Interest Rates (per cent per annum) | |||
| General | Senior Citizens | |||
| Less than₹ 3 Cr | ₹ 3 Cr toLess than ₹ 5 Cr | Less than₹ 3 Cr | ₹ 3 Cr toLess than ₹ 5 Cr | |
| 7 – 14 days | 3.00 | 4.75 | 3.50 | 5.25 |
| 15 – 29 days | 3.00 | 4.75 | 3.50 | 5.25 |
| 30 – 45 days | 3.50 | 5.50 | 4.00 | 6.00 |
| 46 – 60 days | 4.25 | 5.75 | 4.75 | 6.25 |
| 61 days < 3 months | 4.50 | 6.00 | 5.00 | 6.50 |
| 3 months – 3 months 24 days | 4.75 | 6.50 | 5.25 | 7.00 |
| 3 months 25 days < 4 months | 4.75 | 5.15 | 5.25 | 5.65 |
| 4 months < 5 months | 4.75 | 6.50 | 5.25 | 7.00 |
| 5 months < 6 months | 4.75 | 6.50 | 5.25 | 7.00 |
| 6 months < 7 months | 5.75 | 6.75 | 6.25 | 7.25 |
| 7 months < 8 months | 5.75 | 6.75 | 6.25 | 7.25 |
| 8 months < 9 months | 5.75 | 6.75 | 6.25 | 7.25 |
| 9 months < 10 months | 6.00 | 6.85 | 6.50 | 7.35 |
| 10 months < 11 months | 6.00 | 6.85 | 6.50 | 7.35 |
| 11 months – 11 months 24 days | 6.00 | 6.85 | 6.50 | 7.35 |
| 11 months 25 days < 1 year | 6.00 | 6.85 | 6.50 | 7.35 |
| 1 year – 1 year 4 days | 6.70 | 7.40 | 7.20 | 7.90 |
| 1 year 5 days – 1 year 10 days | 6.70 | 7.40 | 7.20 | 7.90 |
| 1 year 11 days – 1 year 24 days | 6.70 | 7.40 | 7.20 | 7.90 |
| 1 year 25 days < 13 months | 6.70 | 7.40 | 7.20 | 7.90 |
| 13 months < 14 months | 6.70 | 7.40 | 7.20 | 7.90 |
| 14 months < 15 months | 6.70 | 7.40 | 7.20 | 7.90 |
| 15 months < 16 months | 7.25 | 7.05 | 7.75 | 7.55 |
| 16 months < 17 months | 7.25 | 7.05 | 7.75 | 7.55 |
| 17 months < 18 months | 7.25 | 7.05 | 7.75 | 7.55 |
| 18 Months < 2 years | 7.25 | 7.05 | 7.75 | 7.55 |
| 2 years < 30 months | 7.10 | 7.00 | 7.60 | 7.50 |
| 30 months < 3 years | 7.10 | 7.00 | 7.60 | 7.50 |
| 3 years < 5 years | 7.10 | 7.00 | 7.60 | 7.50 |
| 5 years to 10 years | 7.00 | 7.00 | 7.75 | 7.75 |
Source: Axis Bank website; Interest rates as on September 10, 2024
These banks have also revised FD rates in September 2024
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Bank of Baroda FD rate
As of September 5, 2024 Bank of Baroda offers FD interest rates between 4.25% and 7.30% for general citizens on tenures between 7 days and 10 years. For senior citizens, Bank of Baroda offers an interest rate between 4.75% and 7.8%. All of these FD rates are for deposits less than Rs 3 crore.
IndusInd Bank FD rates as of September 2024
IndusInd Bank offers a fixed deposit interest rate between 3.5% and 7.75% for general citizens ranging from 7 days to 10 years. For senior citizens the bank offers a FD rate between 4% and 8.25% for FD tenures ranging from 7 days to 10 years.
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Bank of India latest FD rate as of September 2024
Bank of India has revised its FD rates as of September 1, 2024 and now offers interest rates between 3% and 7.25% for tenures between 7 days to 10 years. For senior citizens, Bank of India offers an interest rate between 3% and 7.75%
Karnataka Bank FD rate
Karnataka Bank has revised its FD rate with effect from September 3, 2024. The bank now offers interest rates between 3.5% and 7.5% for general citizens. For senior cit
izens the bank offers interest rates between 3.75% and 8%.
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City Union Bank latest FD rate as of September 2024
As of September 1, 2024 City Union Bank has revised its FD rates for amounts below Rs 3 crore. The bank offers interest rates between 5% and 7.5% for general citizens. For senior citizens the interest rates are offered between 5% and 8%.
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