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Axis Bank revises non-callable FD rates

December 13, 2022

Axis Bank revises non-callable FD rates
Axis Bank has revised its interest rates on non-callable fixed deposits (FDs) of ₹2 Cr and above. As per the official website of the bank, the new rates are effective as of 12/12/2022. Banks don’t allow customers to make premature withdrawals from non-callable fixed deposits, therefore the depositor must wait until the FD matures before withdrawing the funds.

On deposits of ₹2 Cr to ₹5 Cr, the bank is offering an interest rate of 5.00% on FDs maturing in 30 days to 45 days and an interest rate of 6.00% on those maturing in 46 days to 3 months. Axis Bank is offering an interest rate of 6.30% on non-callable FDs maturing in 3 months to 6 months and an interest rate of 6.55% on those maturing in 6 months to 9 months.

Non-callable FDs maturing in 9 months to 1 year will fetch an interest rate of 6.80% and those maturing in 1 year to 1 year 5 days will now fetch an interest rate of 7.20%. On deposits maturing in 1 year 5 days to 3 years, the bank is offering an interest rate of 7% and on those maturing in 3 years to 10 years, Axis Bank is promising an interest rate of 6.80%.

Today, Axis Bank also revised interest rates on non-callable NRI deposits. On deposits of ₹2 Cr to ₹5 Cr, the bank is offering an interest rate of 7.20% on FDs maturing in 1 year to 1 year 5 days. On non-callable NRI deposits maturing in 1 year 5 days to 3 years, Axis Bank is promising an interest rate of 7.00% and those maturing in 3 years to 10 years will now fetch an interest rate of 6.80%.

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