• ANI

Axis Bank hikes interest rates on fixed deposits

New Delhi [India], March 21 (ANI): Axis Bank has increased interest rates on fixed deposits of tenure 1-year 11days to less than 1-year 25 days by 5 basis points to 5.30 percent effective from Monday.


According to data available with the Axis Bank website, the interest rate on fixed deposits of the amount below Rs 2 crore is revised to 5.30 percent effective from March 21, 2022, which is 0.05 percent or 5 basis points, higher from the earlier rate of 5.25 percent.



For senior citizens, the rate is revised upward to 5.80 percent. Senior citizens get 0.50 percent more interest on all the tenures.


Axis Bank offers the highest interest rate of 5.75 percent on fixed deposit of tenure from 5 years to 10 years.