Axis Bank revised interest rates applicable to select term deposits - or fixed deposits - with effect from November 13. Currently, Axis Bank - the country's fourth largest private sector lender by market value - provides annual returns of 2.5 per cent on retail FDs of seven to 29 days, 3 per cent on those of 30 days to up to three months, and 3.5 per cent on those of three months to up to six months, according to its website - axisbank.com. Axis Bank provides slightly higher returns to senior citizens compared to other customers.
Axis Bank revised interest rates applicable to select term deposits - or fixed deposits - with effect from November 13. Currently, Axis Bank - the country's fourth largest private sector lender by market value - provides annual returns of 2.5 per cent on retail FDs of seven to 29 days, 3 per cent on those of 30 days to up to three months, and 3.5 per cent on those of three months to up to six months, according to its website - axisbank.com. Axis Bank provides slightly higher returns to senior citizens compared to other customers.
Axis Bank revised interest rates applicable to select term deposits - or fixed deposits - with effect from November 13. Currently, Axis Bank - the country's fourth largest private sector lender by market value - provides annual returns of 2.5 per cent on retail FDs of seven to 29 days, 3 per cent on those of 30 days to up to three months, and 3.5 per cent on those of three months to up to six months, according to its website - axisbank.com. Axis Bank provides slightly higher returns to senior citizens compared to other customers.
Here are the interest rates applicable to Axis Bank retail fixed deposits (up to Rs 2 crore) with effect from November 13:
Private sector banks such as Axis review the interest rates on term deposits from time to time.