Axis Bank has revised its interest rates on retail fixed deposits with effect from November 5. The private sector bank offers interest rates to the tune of 3.50-6.85 per cent to the general public on fixed deposit (FD) up to Rs 2 crore, according to Axis Bank's website, axisbank.com. Axis Bank offers a 29 maturity options to its customers for fixed deposits up to Rs 2 crore, ranging from seven days to 10 days. It provides slightly higher returns to senior citizen customers.
Axis Bank has revised its interest rates on retail fixed deposits with effect from November 5. The private sector bank offers interest rates to the tune of 3.50-6.85 per cent to the general public on fixed deposit (FD) up to Rs 2 crore, according to Axis Bank's website, axisbank.com. Axis Bank offers a 29 maturity options to its customers for fixed deposits up to Rs 2 crore, ranging from seven days to 10 days. It provides slightly higher returns to senior citizen customers.
Here are the interest rates provided by Axis Bank on fixed deposits up to Rs 2 crore with effect from November 5, 2019:
(Source: axisbank.com)
The fixed deposit accounts which have a lock-in period of five or 10 years also offer income tax benefit under Section 80C of the Income Tax Act, 1961.
Meanwhile, public sector banking majors State Bank of India and Punjab National Bank have revised their FD rates for select maturity options this month.
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