Profit

Axis Bank Revises FD Interest Rates From This Month, Compare Rates Here

Axis Bank FD Interest Rate: FD accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under the Income Tax Act.

 Share
EMAIL
PRINT
COMMENTS
Axis Bank Revises FD Interest Rates From This Month, Compare Rates Here

Axis Bank FD Interest Rate: Fixed deposit interest rates are subject to change from time to time.


Axis Bank revised its fixed deposit interest rates with effect from February 1, 2019, said the private sector lender on its website, axisbank.com. The bank has revised the interest rates on select maturities. Fixed deposits or FDs are secure financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post offices, which fetch guaranteed returns. Last week, Union Minister Piyush Goyal, in his Budget speech, proposed to increase the limit for tax deduction at source (TDS) on interest income from Rs. 10,000 to Rs. 40,000 per annum. Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income Tax Act.

On 1 year 5 days < 1 year 11 days maturity period, the bank is now offering 0.25 per cent more for both general and senior citizens. Similarly, the bank has also increased the rates by 0.25 per cent on 5 years to 10 maturity period.

Here are the revised interest rates on fixed deposits paid by Axis Bank:

Interest rates (with effect from February 1, 2019)
TermGeneral publicSenior citizens
7 days to 14 days3.53.5
15 days to 29 days3.53.5
30 days to 45 days5.55.5
46 days to 60 days6.256.25
61 days < 3 months6.256.25
3 months < 4 months6.256.25
4 months < 5 months6.256.25
5 months < 6 months6.256.25
6 months < 7 months6.757
7 months < 8 months6.757
8 months < 9 months6.757
9 months < 10 months7.17.35
10 months < 11 months7.17.35
11 months < 1 year7.17.35
1 year < 1 year 5 days7.37.95
1 year 5 days < 1 year 11 days7.558.2
1 year 11 days < 13 months7.37.95
13 months < 14 months7.358
14 months < 15 months7.37.95
15 months < 16 months7.37.95
16 months < 17 months7.37.95
17 months < 18 months7.68.25
18 Months < 2 years7.37.95
2 years < 30 months7.58.15
30 months < 3 years7.58
3 years < 5 years7.257.75
5 years to 10 years7.257.75

Fixed deposit interest rates are subject to change from time to time. The interest rates vary according to the tenor of a fixed deposit.



Election Results for Lok Sabha Election 2019 will be out on May 23. Get the latest election news and live updates on ndtv.com/elections. Catch all the action on NDTV Live. Like us on Facebook or follow us on Twitter and Instagram for news updates from each of the 543 parliamentary seats for the election 2019

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top