FD interest rate increased: Axis Bank, the leading private sector bank, has changed the interest rates on domestic FDs. According to the official website of the bank, the new rates are effective from 1 October 2022.
After increasing the repo rate by 50 basis points by the Reserve Bank, now the new repo rate has become 5.90 percent. Due to this, banks have increased the rates of interest on their FDs.
3.25% interest will be available on 30 days FD
Axis Bank is now offering FDs maturing in 15 months with a maximum interest rate of 6.15 percent for general public and 6.90 percent for senior citizens. According to the new FD rates, Axis Bank is now offering an interest rate of 2.75 percent on FDs maturing in 7 days to 29 days and 3.25 percent on FDs maturing in 30 days.
These will be the new rates of interest on FD
Axis Bank’s FD maturing in 3 to 6 months will now get interest at the rate of 3.75 percent. At the same time, interest will be given at the rate of 4.65 percent on FDs maturing in 6 to 9 months. Similarly, for a period of 9 months to 1 year, 4.75 percent, 1 year to 1 year will provide interest at the rate of 5.45 percent on FDs of 11 days and 5.60 percent on FDs maturing in 15 months.
Axis Bank is now offering a maximum interest rate of 6.15 percent on FDs for a period of 15 months to 2 years, while the bank is now offering an interest rate of 5.70 percent on FDs maturing in the next 2 to 5 years. Axis Bank is currently offering an interest rate of 5.75 per cent for tenures between five and ten years.
OCTOBER 2022 ALL BANKS FD Rates – New Revised
| FD Scheme | Tenure | Interest Rate | Senior Citizen Rates |
|---|---|---|---|
|
Shriram Finance FD |
4 Year | 8.25 % | 8.75 % |
|
Tamil Nadu Power Finance FD |
4 Year | 8 % | 8.5 % |
|
Utkarsh Small Finance Bank FD |
1 Year | 7.5 % | 8.25 % |
|
Fincare Small Finance Bank FD |
2 Year | 7.5 % | 8 % |
|
Ujjivan Small Finance Bank FD |
1 Year | 7.5 % | 8.25 % |
|
Suryoday Small Finance Bank FD |
2 Year | 7.49 % | 7.99 % |
|
Bajaj Finance Ltd FD |
3 Year | 7.4 % | 7.65 % |
|
Jana Small Finance Bank FD |
3 Year | 7.35 % | 8.15 % |
|
PNB HFL FD |
5 Year | 7.3 % | 7.55 % |
|
ESF Bank FD |
2 Year | 7 % | 7.5 % |
|
Bandhan Bank FD |
1 Year | 7 % | 7.5 % |
|
RBL Bank FD |
1 Year | 7 % | 7.5 % |
|
LIC Housing Finance FD |
3 Year | 6.95 % | 7.2 % |
|
Yes Bank FD |
3 Year | 6.75 % | 7.5 % |
|
IndusInd Bank FD |
3 Year | 6.75 % | 7.5 % |
|
Capital Small Finance Bank FD |
1 Year | 6.6 % | 7.1 % |
|
Jammu And Kashmir Grameen Bank FD |
1 Year | 6.25 % | 6.75 % |
|
Jammu & Kashmir Bank FD |
1 Year | 6.25 % | 6.75 % |
|
Chaitanya Godavari Grameena Bank FD |
1 Year | 6.2 % | 6.7 % |
|
Karnataka Bank FD |
1 Year | 6.2 % | 6.6 % |
FD rates for senior citizens
Axis Bank is paying interest between 4.90 percent to 6.50 percent on FDs maturing in 6 months to 10 years for senior citizens. Along with this, the benefit of additional interest rate is also being given to senior citizens. Axis Bank will offer a maximum interest rate of 6.90% to senior citizens on FDs maturing between 15 months and 2 years.
