Can I get monthly interest on FD Axis Bank?
Types of Axis Bank Fixed Deposits The minimum and maximum deposit amount are Rs. 100 and Rs. 1.5 lakh, respectively. Three tax saving FD options – Reinvestment Deposit, Monthly Interest Payout, and Quarterly Interest Payout.
What is the FD rate of Axis Bank?
Axis Bank offers FD interest rates of 2.50-5.75% p.a. to the general public and 2.50- 6.50% p.a. to senior citizens on tenures ranging from 7 days to 10 years. The interest rate on Axis Bank Tax Saving FDs is 5.75% p.a. for the general public and 6.50% p.a. for senior citizen depositors for tenures of 5 years.
How is interest on FD calculated?
It is calculated by multiplying the principal, rate of interest and the time period. The formula for Simple Interest (SI) is “principal x rate of interest x time period divided by 100” or (P x Rx T/100).
Which bank is best for FD?
The highest FD rate among the popular banks in India is 7.00% p.a. which is given by Deutsche Bank for tenures ranging from 3 years to 7 years for the general public. For senior citizens, the highest FD rate among popular banks in India is 7.00% given by Deutsche Bank for tenure ranging from 3 years and 7 years.
Which bank FD rate is high?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| SBI | 7 days to 10 years | 2.90% to 5.40% |
| ICICI | 7 days to 10 years | 2.50% to 5.50% |
| Punjab National Bank | 7 days to 10 years | 3.30% to 5.25% |
| HDFC Bank | 7 days to 10 years | 2.50% to 5.50% |
Which bank gives 7 interest on FD?
Lenders Providing FD Interest Rates of 7% per annum and More
| Lenders | Interest Rate (In Per Annum) |
|---|---|
| YES BANK | 7.00% (Regular Citizens) 7.00%-7.25% (Senior Citizens) |
| PNB Housing Finance Ltd. | 7.10%-7.20% (Senior Citizens) |
| IndusInd Bank | 7.00% (Regular Citizens) 7.15%-7.50% (Senior Citizens) |
Which FD gives highest interest?
Fixed Deposit Interest Rates by Different Banks
| Bank | Tenure | Interest Rates for General Citizens (per annum) |
|---|---|---|
| ICICI | 7 days to 10 years | 2.50% to 5.50% |
| Punjab National Bank | 7 days to 10 years | 3.30% to 5.25% |
| HDFC Bank | 7 days to 10 years | 2.50% to 5.50% |
| Axis Bank | 7 days to 10 years | 2.50% to 5.75% |
How much minimum balance required in Axis Bank?
– Normal banking services available to all – No minimum balance required – ATM cum Debit card facility – Interest Payable on quarterly rest on Daily product
What is an Axis Bank usually good for?
Our Ai stock analyst implies that there will be a positive trend in the future and the Axis Bank Ltd shares might be good for investing for making money. Since this share has a positive outlook we recommend it as a part in your portfolio.
Is Axis bank safe for deposits?
Yes it is safe. Do not panic. There are frauds by few Axis bank customers and they will be punished. There are lot more small banks having banking opeation of very less creditability compared to Axis. Originally Answered: Is it safe to deposit money in AXIS bank?
How to fill Axis Bank DD Form?
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