INSUBCONTINENT EXCLUSIVE:
Interest Rates of Fixed Deposits: Fixed deposit interest rates are subject to change from time to timeFixed deposits or FDs are secure
financial instruments offered by public, private sector banks, small finance banks, non-banking financial companies (NBFCs) and post
offices, which fetch guaranteed returns
Fixed deposit interest rates are subject to change from time to time
Private sector lender Axis Bank revised its fixed deposit (FD) interest rates with effect from February 9, 2019
Fixed deposit accounts with a lock-in period of five or 10 years are eligible for deduction in income tax under Section 80C of the Income
Tax Act.Axis BankThe following FD interest rates are applicable on deposits below Rs
1 crore:Interest rates (with effect from February 09, 2019)PeriodGeneral PublicSenior citizens7 days to 14 days3.53.515 days to 29
days3.53.530 days to 45 days5.55.546 days to 60 days6.256.2561 days < 3 months6.256.253 months < 4 months6.256.254 months < 5
months6.256.255 months < 6 months6.256.256 months < 7 months6.7577 months < 8 months6.7578 months < 9 months6.7579 months < 10
months7.17.3510 months < 11 months7.17.3511 months < 1 year7.17.351 year < 1 year 5 days7.37.951 year 5 days < 1 year 11 days7.37.951 year
11 days < 13 months7.37.9513 months < 14 months7.35814 months < 15 months7.37.9515 months < 16 months7.37.9516 months < 17 months7.37.9517
months < 18 months7.37.9518 Months < 2 years7.37.952 years < 30 months7.58.1530 months < 3 years7.583 years < 5 years7.257.755 years to 10
1 crore:TenorsRevised For Public w.e.f
28.11.2018Revised for Senior Citizens w.e.f
28.11.20187 days to 45 days5.756.2546 days to 179 days6.256.75180 days to 210 days6.356.85211 days to less than 1 year6.46.91 year to less
than 2 year6.87.32 years to less than 3 years6.87.33 years to less than 5 years6.87.35 years and up to 10 years6.857.35(Source:
senior citizens7 to 14 days5.75%6.25%15 to 29 days5.75%6.25%30 to 45 days5.75%6.25%46 to 90 days6.35%6.85%91 to 179 days6.35%6.85%111
days6.5%7%180 days to 270 Days6.35%6.85%222 days6.6%7.1%271 days to less than 1 year6.35%6.85%333 days7.1%7.6%1 year6.75%7.25%555 days
(effective for a period of 01.11.2018 to 31.03.2019)6.85%7.35%above 1 year up to 3 years6.75%7.25%above 3 year up to 5
days4.25%4.75%30 - 45 days5.75%6.25%46 - 60 days6.25%6.75%61 - 90 days6.25%6.75%91 days - 6 months6.25%6.75%6 months 1 day- 6 months 3
days6.75%7.25%6 months 4 days6.75%7.25%6 months 5 days- 9 months6.75%7.25%9 months 1 day- 9 months 3 days7.10%7.60%9 months 4
days7.10%7.60%9 months 5 days - 9 months 15 days7.10%7.60%9 months 16 days7.10%7.60%9 months 17 days < 1 Year7.10%7.60%1 Year7.30%7.80%1
year 1 day - 1 year 3 days7.30%7.80%1 year 4 days7.30%7.80%1 year 5 days - 1 Year 15 days7.30%7.80%1 Year 16 days7.30%7.80%1 year 17 days -
rates are applicable on deposits below Rs
1 crore:Rate of Interest (% p.a.) w.e.f November 15, 2018Tenure PeriodGeneralSenior Citizen7 days to 14 days44.515 days to 29 days4.254.7530
days to 45 days5.5646 days to 60 days66.561 days to 90 days6.256.7591 days to 120 days6.256.75121 days to 184 days6.256.75185 days to 289
days6.57290 days to less than 1 year6.757.251 year to 389 days6.97.4390 days to 2 years7.17.62 years 1 day up to 3 years7.583 years 1 day up
to 5 years7.257.755 years 1 day up to 10 years77.55 years Tax saver FD (max up to Rs
at source (TDS) on interest income from Rs
