Axis Bank increases interest rates on FDs by up to 115 basis point

Axis Bank has raised interest rates on the fixed deposits (FDs) that are under Rs. 2 crore 

Axis Bank increased interest rates by 50 basis points (bps) from 5 per cent to 5.50 per cent for deposits maturing in 6 to 9 months 

The interest rate on deposits maturing in 1 year to 15 months has increased from 6.10 per cent to 7 per cent.

The interest rate on deposits maturing in 15 months to 18 months has increased from 6.15 per cent to 7 per cent 

Deposits maturing in 18 months to 2 years will now earn an interest rate of 7.05 per cent, up from 6.15 per cent 

The bank has increased the interest rates on deposits maturing in three to ten years by 115 basis points, from 6.10 per cent to 7.25 per cent.

Axis Bank is currently offering senior people an interest rate range of 5.50 per cent to 7.25 per cent.