Axis Bank Interest Rates on FD, Oct 2016

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Last Updated 17th Oct 16

TenureInterest Rate
30 Days5.50%
45 Days 5.50%
60 Days 6.00%
90 Days 6.25%
120 Days 6.75%
6 Months 6.75%
9 Months 7.00%
12 Months 7.25%
18 Months 7.25%
2 Years 7.25%
3 Years 7.25%
4 Years 7.25%
5 Years 7.25%
7 Years 7.25%
10 Years 7.25%

Axis Bank FD Interest Rates

  • Axis Bank offers FD interest rates upto 7.25% per annum.
  • Interest on deposits with Axis Bank is typically compounded quarterly.
  • Axis Bank accepts deposits starting at Rs. 10000 for various tenures.
  • For senior citizens (age more than 60 years), Axis Bank offers 0.25% for 6-12 months, 0.50% above 1 year higher interest rate over and above rates mentioned below.

Axis Bank Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Axis Bank pays 1% lower ROI than that applicable for actual duration of deposit.

Loan against Axis Bank FD

  • Axis Bank offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Axis Bank Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Axis Bank, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Axis Bank in your city - Find Axis Bank Branches here

About Axis Bank

Axis Bank. formerly known as UTI Bank, is the third largest private sector bank in India with its headquarter based in Mumbai, Maharashtra. The bank was promoted by UTI Holdings, LIC, GIC and its four subsidiaries and was the first new private sector bank formed in the year 1993-1994, after Govt. of India's issued guidelines for formation of a new bank under the new liberalized regime. Today, the bank offers financial services across all consumer segments including retail, Large & Mid corporate, small and medium enterprises, and agriculture. As on 31st March 2014, Axis Bank had 2,402 branches, 12,992 ATM's and 42,420 employees spread all across the country. It has significant international presence as well with 7 international offices and branches opening in China and a subsidiary AXIS Bank UK in UK. Axis Bank has registered strong growth over the last few years. The bank's advances grew at 24% in FY14 over FY13 with retail advances estimated at Rs 59,531 crore comprising 27% of total advances. Home Loans is a key focus segment of the bank and account for 65% of its total retail advances and 18% of its total advances. The bank has won many awards and recognition for their work over the years, most notably 'Fastest growing large banks awards in both 2013 and 2014 by Business world magazine. The bank has also won "Consistent Performer- India" best bank survey' by Business Today & KPMG.

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News - Oct 2016
22nd Oct 16 SBI asks customers to use its own ATMs after the cyber attack hits 3.2 million debit cards
SBI advised its customers to use its own ATM networks for safety of transactions. The Bank also promised to replace 6 lakh debit cards which were blocked by the bank as a preventive measure within ten days following a cyber security breach in the country banking system. The other major banks hit by the cyber fraud are Axis Bank, HDFC and ICICI Bank.
18th Oct 16 Axis Bank cuts it benchmark MCLR by 5 base point rates
Axis Bank has cut it benchmark MCLR base rate by 5 bps. The bank has reduced its rates across tenures effectively reducing the overnight rates to 8.80 per cent and three year rate to 9.35 percent. The bank announced the reduction after its peers such as ICICI, Kotak Mahindra and Indian Bank cut their lending rates following the RBI monetary policy review on October 4th, 2016.
18th Oct 16 Citibank gives special Diwali offers on personal loans
Citibank personal loan offers reduction in rates to 11.49 per cent for digital channels and online applications made at MyLoanCare. Bank offers 0.50 per cent discount on processing fee and an Amazon Gift Voucher of Rs. 250 for loans disbursed till 3rd November, 2016. Also, get a Flipkart Gift Voucher upto Rs. 2500 on applying through MyLoanCare.
15th Oct 16 ICICI Bank tests blockchain transactions
ICICI Bank has done successful execution of its first two transactions using blockchain technology. Now other private sector banks are gearing up for the technology. Axis Bank and Kotak Mahindra Bank are conducting pilot transactions in trade settlements and cross border remittances, while HDFC is still assessing the opportunity.
14th Oct 16 PNB Housing Finance cuts home loan rates by 10 basis points
PNB Housing has reduced its home loan rates by 10 bps. The floating home loan rates have been reduced to 9.45 per cent from 9.55 per cent while fixed rates decreased to 9.4 from 9.5 per cent. PNBHFL has also cut its loan against property rates by 25 bps to 11 per cent from 11.25 per cent. This rate cut will be effective from 14th October, 2016.