After Kotak Mahindra Bank, now this private bank has increased interest on FD, know how much will be the return

Fixed Deposit Rates: The Reserve Bank has increased its interest rates a total of 6 times since May last year. After this increase, the repo rate has increased from 4.00 percent to 6.50 percent. In February 2023, once again RBI has increased the repo rate by 25 basis points. Since this increase, many banks are continuously increasing the interest rates of their FD (FD Rates Hike) and loans. After increasing the FD rates of Kotak Mahindra on Thursday, now another big private bank has increased its FD interest rates of less than Rs 2 crore. This bank is Axis Bank FD Rates.

Axis Bank has increased the interest rate on FDs of less than 2 crores.

Axis Bank announced on Saturday, February 10, 2023, that it is increasing its FDs of less than Rs 2 crore by 25 basis points. The new rates have come into effect from February 11. After this increase, the bank is offering interest rates ranging from 3.50% to 7.00% on FDs ranging from 7 days to 10 years to ordinary citizens. On the other hand, if we talk about senior citizens, the bank is offering them interest rates ranging from 3.50 percent to 7.75 percent on FDs ranging from 7 days to 10 years. Let us know about the interest rate available on different periods.

Know the new rates of Axis Bank here-

The bank is giving 3.50 percent return on FDs of 7 to 45 days to ordinary citizens. At the same time, 4.00 percent interest rate is available on FD of 46 days to 60 days. At the same time, 4.50 percent interest rate is available on FDs ranging from 61 days to 3 months, 4.75 percent interest rate on FDs ranging from 3 to 6 months, 5.75 percent interest rate on FDs ranging from 6 months to 9 months. 6.00 percent interest rate is available on FDs ranging from 9 months to 1 year. On the other hand, Axis Bank 6.75% on FDs from 1 year to 1 year 24 days, 7.10% on FDs from 1 year 25 days to 13 months, 6.75% on FDs from 13 months to 2 years, 2 to 30 months The bank is offering 7.26 per cent interest rate on FD and 7.00 per cent interest rate on FDs ranging from 3 to 10 years.

Kotak Mahindra Bank had also increased the rates-

Before Axis Bank, the big private sector bank Kotak Mahindra Bank (Kotak Mahindra Bank FD Rates) had also increased its interest rates. The new rates of the bank have come into effect from February 10, 2022. Kotak Mahindra Bank has also increased FD rates by 25 basis points. After this increase, the bank is now offering interest rates ranging from 2.75 percent to 6.20 percent on FDs ranging from 7 days to 10 years to ordinary citizens. At the same time, the bank is offering a maximum interest rate of 7.10 percent on FDs ranging from 390 days to 2 years. At the same time, the bank is offering interest rates ranging from 3.25 percent to 6.70 percent to senior citizens.

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