Axis bank fd interest rates

According to the Axis Bank website, these are the advantages of fixed deposit • Offers a safe and secure investment option for risk averse investors • Fixed interest rates that remain unchanged during the tenure of the FD, thereby offering a security net against market volatility • Flexible tenures- Select the FD tenure so that it matches the time frame required for your various needs • Knowing the exact maturity amount can help plan for your future requirements • Easy to redeem or withdraw in case of any emergency • Invest in lump sum amount or monthly installments, depending on your cash flow • Senior citizens looking for regular income can select option of monthly interest payment • Avail a loan against your FD without withdrawing it, at a lower interest rate than an unsecured loan • Take overdraft against your FD and pay interest only the amount you utilize, while rest of the FD amount continues to earn interest • Get tax exemption up to Rs 1.5 lakh by investing in a tax-saver FD Overdraft facility against FD Axis Bank offers an overdraft facility against your fixed deposit, which you can use without breaching the FD. For the remainder of the FD's tenure, the overdraft facility is available against the FD. According to the website, “In the case of Axis Bank, it is 85% of the FD amount, with a minimum of Rs 25,000. Since it is a secured loan, the interest rates are competitive and the approval and sanction process is quick. The other advantage is that interest is charge...

A fixed deposit (FD) is a type of investment that banks and NBFCs provide. When it comes to FDs, the interest rates are pre-determined that you'll earn at maturity when you invest. One of the many advantages given by fixed deposits, is assured returns. Interest rates of bank fixed deposits vary depending on the amount invested, the term of the deposit, and the type of depositor you are. FD provides a variety of tenure options, ranging from seven days to ten years. As a result, investors can pick the investment duration based on their personal finance goals. If you want to generate a decent rate of interest without taking any risks, FDs are a fantastic option. Before investing in fixed deposits it is always important to verify the interest rates of leading banks. So let's take a look at what is there for you in the form of interest rates by the country's leading banks such as SBI, Kotak and so on. Tenure Regular FD Rates Senior Citizen FD Rates 7 days to 45 days 2.90% 3.40% 46 days to 179 days 3.90% 4.40% 180 days to 210 days 4.40% 4.90% 211 days to less than 1 year 4.40% 4.90% 1 year to less than 2 year 4.90% 5.50% 2 years to less than 3 years 5.10% 5.60% 3 years to less than 5 years 5.30% 5.80% 5 years and up to 10 years 5.40% 6.20% Source: SBI, W.e.f. 08.01.2021 HDFC Bank Fixed Deposit Rates On deposits maturing between 7 days and 10 years, HDFC Bank pays interest ranging from 2.50 percent to 5.50 percent. Senior citizens can get interest rates ranging from 3% to 6.25 pe...