Fixed Deposit News
Axis Bank has hiked the interest rate on FD investments with several maturity periods. Investors will get returns of 5.30 per cent on FD investments maturing between 15 months to less than 2 years. The private lender has also increased the interest rate on fixed deposit investments maturing between 5 to 10 years to 5.75 per cent.
Investors can get a 4.25% interest rate on FDs with a maturity period of 1 year to 389 days and 390 days to less than 15 months. The bank was offering an interest rate of 4.15% on such deposits. ICICI Bank has increased the fixed deposit interest rate on FDs maturing within 15 months to 18 months to 4.30%.