Axis Bank Senior Citizens FD Interest Rates (as on 16 Mar 2020) Axis Bank offering attractive fixed deposit interest rates for its senior citizens customer at 8.50% p.a. for 1 year tenure. Many small finance banks giving highest fixed deposit interest rates for its senior citizen customers one of them is Axis Bank. Axis Bank Short Term Fixed Deposit Rates The tenure of short term FD is 7 days to 1 year For short term fixed deposit, you can earn returns on your investment anywhere between 3.50% and 7.00 percent (regular FDs) Senior citizens can earn interest between 3.50% To 7.25% on their deposit. Axis Bank offers many fixed deposit schemes specially designed for its NRI customers. In these schemes, NRI customers can deposit money either in Indian currency or in foreign currency depending on their status and preference. The bank also offers different interest rates for NRI fixed deposits. Axis Bank Interest Rates typically ranges from 4%-9% per annum. The defining criteria for a fixed deposit is that the money cannot be withdrawn before maturity, unless on payment of a penalty. Once the deposit matures, the bank credits the original amount plus the interest earned to the bank account specified when the FD is opened. Axis Bank FD Interest Rate The bank provides an interest on the fixed deposits at attractive rates. These rates depend on the period of investment and the investor's category. The bank pays an additional interest of 0.25% to the senior citizens.
Axis Bank Revises Fixed Deposit Rates . Axis Bank has revised its fixed deposit rates following the Reserve Bank of India’s lowering of the repo rate for the fourth time this year. The new deposit rates come into effect from 10th August, 2019. Following the revision, Axis Bank offers 3.5% interest on deposits between 7 and 14 days. You can opt for simple or compound interest for Fixed Deposit Plus. The FD Plus interest rate earned every quarter is added to your principle amount and further interest is calculated on this combined amount. For Fixed Deposit interest rate on Domestic - Fixed Deposits Plus and NRI - Fixed Deposits Plus, click here For interest rate
Axis Bank FD interest rates range from 3.50% p.a. to 5.40% p.a. for deposits with a tenure of 7 days to less than 365 days. These deposits are known as short term deposits as they have a tenure of less than 1 year. Short term Axis Bank FD rates for senior citizens range from 3.50% to 5.40% p.a.
20 Jun 2019 Bank FD Interest Rates: SBI, HDFC, ICICI, Axis, Kotak Mahindra Bank rates compared; check out best returns. Fixed Deposits are the most
20 Nov 2019 For instance, saving for your child's higher education that's 15 years away through FDs may not be effective as the post-tax interest rate of an FD 1 Oct 2019 Express FD offers features like attractive interest rates, zero issuance fees and no penalty on pre-mature withdrawal (up to 25% of the amount), Get fixed deposits at attractive interest rates at Axis Bank and ensure good returns on your investment. Click here to know more about fd interest rates so that you can choose the best suited fixed deposit for your needs