Axis Bank now offers up to 7.75% FD interest rate on these tenures; check latest fixed deposit rates

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Neelanjit Das

, ET OnlineLast Updated: Sep 10, 2024, 05:24:00 PM IST

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Fixed deposit rates: Axis Bank has hiked its FD interest rates as of September 10, 2024. The highest interest rate offered is 7.75%. Moreover Bank of Baroda, City Union Bank, Karnataka Bank, IndusInd Bank and Bank of India have also revised the respective FD interest rates in September 2024. Read below to find out the latest FD rates.

Axis Bank has hiked fixed deposit (FD) interest rates for certain tenures. The revised FD rates are effective September 10, 2024, and apply to deposits up to Rs 3 crore, according to the Axis Bank website.

Latest Axis Bank FD interest rates

Axis Bank offers FD interest rates between 3% and 7.25% for general citizens on tenures between 7 days and 10 years. Axis Bank offers interest rates between 3.5% and 7.75% for senior citizens.

Maturity period	General		Senior Citizens
Maturity period	Less than ₹ 3 Cr	₹ 3 Cr to Less than ₹ 5 Cr	Less than ₹ 3 Cr	₹ 3 Cr to Less than ₹ 5 Cr
7 – 14 days	3.00	4.75	3.50	5.25
15 – 29 days	3.00	4.75	3.50	5.25
30 – 45 days	3.50	5.50	4.00	6.00
46 – 60 days	4.25	5.75	4.75	6.25
61 days < 3 months	4.50	6.00	5.00	6.50
3 months – 3 months 24 days	4.75	6.50	5.25	7.00
3 months 25 days < 4 months	4.75	5.15	5.25	5.65
4 months < 5 months	4.75	6.50	5.25	7.00
5 months < 6 months	4.75	6.50	5.25	7.00
6 months < 7 months	5.75	6.75	6.25	7.25
7 months < 8 months	5.75	6.75	6.25	7.25
8 months < 9 months	5.75	6.75	6.25	7.25
9 months < 10 months	6.00	6.85	6.50	7.35
10 months < 11 months	6.00	6.85	6.50	7.35
11 months – 11 months 24 days	6.00	6.85	6.50	7.35
11 months 25 days < 1 year	6.00	6.85	6.50	7.35
1 year – 1 year 4 days	6.70	7.40	7.20	7.90
1 year 5 days – 1 year 10 days	6.70	7.40	7.20	7.90
1 year 11 days – 1 year 24 days	6.70	7.40	7.20	7.90
1 year 25 days < 13 months	6.70	7.40	7.20	7.90
13 months < 14 months	6.70	7.40	7.20	7.90
14 months < 15 months	6.70	7.40	7.20	7.90
15 months < 16 months	7.25	7.05	7.75	7.55
16 months < 17 months	7.25	7.05	7.75	7.55
17 months < 18 months	7.25	7.05	7.75	7.55
18 Months < 2 years	7.25	7.05	7.75	7.55
2 years < 30 months	7.10	7.00	7.60	7.50
30 months < 3 years	7.10	7.00	7.60	7.50
3 years < 5 years	7.10	7.00	7.60	7.50
5 years to 10 years	7.00	7.00	7.75	7.75

Source: Axis Bank website; Interest rates as on September 10, 2024

These banks have also revised FD rates in September 2024

Bank of Baroda FD rate

As of September 5, 2024 Bank of Baroda offers FD interest rates between 4.25% and 7.30% for general citizens on tenures between 7 days and 10 years. For senior citizens, Bank of Baroda offers an interest rate between 4.75% and 7.8%. All of these FD rates are for deposits less than Rs 3 crore.

IndusInd Bank FD rates as of September 2024

IndusInd Bank offers a fixed deposit interest rate between 3.5% and 7.75% for general citizens ranging from 7 days to 10 years. For senior citizens the bank offers a FD rate between 4% and 8.25% for FD tenures ranging from 7 days to 10 years.

Bank of India latest FD rate as of September 2024

Bank of India has revised its FD rates as of September 1, 2024 and now offers interest rates between 3% and 7.25% for tenures between 7 days to 10 years. For senior citizens, Bank of India offers an interest rate between 3% and 7.75%

Karnataka Bank FD rate

Karnataka Bank has revised its FD rate with effect from September 3, 2024. The bank now offers interest rates between 3.5% and 7.5% for general citizens. For senior citizens the bank offers interest rates between 3.75% and 8%.

City Union Bank latest FD rate as of September 2024

As of September 1, 2024 City Union Bank has revised its FD rates for amounts below Rs 3 crore. The bank offers interest rates between 5% and 7.5% for general citizens. For senior citizens the interest rates are offered between 5% and 8%.