Axis Bank announces new fixed deposit interest rates of up to 7.75%
Source: Business Standard
Highlights of the new interest rates
– For deposits less than Rs 5 crore, the bank is offering interest rates ranging from 3 per cent to 7.25 per cent for general customers, depending on the tenure.
– Senior citizens will enjoy preferential rates, with interest offerings ranging from 3.5 per cent to 7.75 per cent for deposits under Rs 5 crore.
Check revised interest rates
Revised fixed deposit rates in September 2024 by different banks
Bank of Baroda: Revised its FD interest rates effective September 5, 2024. The rates for deposits under Rs 3 crore range from 4.25 per cent to 7.30 per cent, depending on the tenure.
Bank of India: Updated its FD rates from September 1, offering rates between 3 per cent and 7.25 per cent for general citizens. Senior citizens can earn up to 7.75 per cent, with a special scheme (Star Dhan Vriddhi) providing a maximum of 7.25 per cent for a tenure of 333 days.
City Union Bank: Effective September 1, 2024, offers rates from 5 per cent to 7.50 per cent for general citizens and up to 8 per cent for senior citizens for a tenure of 333 days.
Karnataka Bank: Revised rates on September 3, offering interest rates from 3.50 per cent to 7.50 per cent for general citizens, with senior citizens receiving up to 8 per cent for specific tenures.
First Published: Sep 10 2024 | 4:06 PM IST
