Axis Bank has increased interest rates on fixed deposits with effect from November 13.

Axis Bank has revised the interest rates on select maturities of fixed deposits with effect from November 13.

Axis Bank has revised the interest rates on select maturities of fixed deposits with effect from November 13. Private lenders keep revising the interest rates periodically. According to the lender's website, Axis bank has revised its interest rates to select term deposits or fixed deposits with effect from November 13. The bank offers a higher rate to senior citizens compared to other customers.

It provides annual returns of 2.5 percent on retail FDs of seven to 29 days, 3 percent on those of 30 days to up to three months, and 3.5 percent on those of three months to up to six months and so forth. The maximum term limit offered is 10 years.

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