Quick Answer: What Is The Fixed Deposit Interest Rate In Axis Bank?

Is Axis Bank safe for FD?

Axis Bank’s Fixed Deposit (FD) is a safe and convenient way to see your savings grow.

Open a Fixed Deposit online with Axis Bank and save a minimum of Rs.

5,000 for a flexible tenure starting from a minimum of 7 days to a maximum of 10 years..

What is the interest of 1 lakh in SBI?

2.75%Interest Rates on Savings Bank DepositsSavings Bank deposit slabsExisting Rate of InterestSB Deposit accounts with balances upto Rs. 1 lakh2.75% p.aSB Deposit accounts with balances above Rs. 1 lakhi) 2.75% p.a. for balance upto Rs. 1 lakh ii) 2.75% p.a. for balance above Rs. 1 lakh.

Which bank is safest for FD?

Bank NameInterest rate (%) compounded qtrlyWhat Rs 10,000 will grow intoAU Small Finance Bank6.5013804.20Indusind Bank6.5013804.20RBL Bank6.4013736.44Ujjivan Small Finance Bank5.8013336.471 more row

Can I get monthly interest on FD?

Yes. You can get a monthly interest payout, if you choose periodic payouts, and select monthly frequency. When you invest your money in FDs, you gain interest on your principal amount, which can be obtained periodically.

What is maturity amount?

“Maturity value is the amount payable to an investor at the end of a debt instrument’s holding period (maturity date). For most bonds, the maturity value is the face amount of the bond. For some certificates of deposit (CD) and other investments, all of the interest is paid at maturity.

What is the interest of 1 lakh in Axis Bank?

Axis Bank FDs have tenures ranging from 5 years to 10 years with maximum rate of interest of 5.50%….Axis Bank Fixed Deposit Calculator 2020.TenureRatesMaturity Amount for ₹ 1 Lakh1 year to 1 year 5 days5.15% to 5.80%₹ 1,05,250 – ₹ 1,06,01120 more rows•6 days ago

Which bank is best for fixed deposit in 2020?

Best Fixed Deposit Rates & Promotions in SG, Dec 2020BankInterest Rate (Per Annum)TenorHong Leong Finance0.70%18 monthsICBC0.75%12 monthsUOB0.55%10 monthsOCBC0.50%12 months3 more rows•Dec 11, 2020

Is FD a good investment?

Fixed deposit accounts are an excellent investment vehicle for those investors who don’t want to bear any risk. If you wish to sustain the money over the years and are not looking for growing wealth or if you are looking for steady returns, you can go for FD accounts.

What is better than fixed deposit?

Popular investments under this scheme include PPF, Post office time deposit, Senior citizen savings scheme, and Monthly income scheme among others. PPF, a long-term investment option offers guaranteed returns and offers a return of 7.90 per cent, and also falls under the EEE category (exempt, exempt and exempt).

How many years FD will double?

To know the time duration in which your FD amount will get doubled, you have to divide 72 with the highest rate. For example, if the highest rate on FD is 6.95%, then the number of years in which your FD will get doubled is 72/6.95= 10.36. Thus, it will take 10 years for your FD to get doubled.

What is the interest rate on FD in Axis Bank?

Axis Bank FD Rates 2020TenureFD interest ratesSenior Citizen FD interest rates1 year 11 days to 1 year 25 days5.10%5.75%1 year 25 days to 12 months 29 days5.10%5.75%2 years to 30 months5.40%6.05%3 years to 4 years 364 days5.40%5.90%17 more rows•6 days ago

Which type of FD is best in Axis Bank?

Axis FD plus attracts a 0.10% higher interest on the above rates. Also, NRE FD rates range between 7 and 7.10% respectively….Axis Bank FD interest rates 2020.TenureFD Interest Rates for General CitizensFD Interest Rates for Senior Citizens3 years to 4 years 364 days5.40%5.90%20 more rows•Oct 7, 2020