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

For deposits maturing in the next seven days to 10 years, Axis Bank is now offering interest rates that vary from 3.5% to 6.50% for the general public and from 3.5% to 7.25% for senior persons

Axis Bank has raised interest rates on the fixed deposits (FDs) that are under Rs. 2 crore, reported Livemint. The new rates are in effect as of today, November 5, 2022, according to the bank's website. Following the change, the bank raised interest rates on deposits by up to 115 basis points (bps) for maturities ranging from 46 days to 10 years. 
 

For deposits expiring in the next seven days to 10 years, Axis Bank is now offering interest rates that vary from 3.5 per cent to 6.50 per cent for the general public and from 3.5 per cent to