Axis Bank changes the interest rates of fixed deposits, quickly check new rates

Axis Bank changes the interest rates of fixed deposits, quickly check new rates

Axis Bank, the largest private sector bank, has revised the interest rates on Fixed Deposits. The new rates have become effective from today ie 6 May 2021. Axis Bank offers FDs for various tenures ranging from 7 days to 10 years. After this amendment, Axis Bank is offering 2.50 per cent interest rate on FD with maturity between 7 days and 29 days. 3 percent on FDs less than 30 days and 3 months and 3.5 percent interest is offered on FDs less than 3 months and 6 months.

At the same time, Axis Bank has delayed 4.40 per cent interest for FDs maturing in less than 6 months and 11 months and 25 days. After the latest amendment, the bank will pay 5.20 percent interest rate on deposits maturing in less than 15 months and 18 months. Axis Bank offers an interest rate of 5.40 per cent on long-term FDs maturing in 2 years to 5 years. You will get an interest rate of 5.75 per cent of the deposit that matures in 5 years to 10 years.

This is the new interest rates

7 days to 14 days - 2.50%

15 days to 29 days - 2.50%

30 days to 45 days - 3%

46 days to 60 days - 3%

61 days <3 months - 3%

3 months <4 months- 3.5%

4 months <5 months- 3.5%

5 months <6 months- 3.5%

6 months <7 months - 4.40%

7 months <8 months- 4.40%

8 months <9 months- 4.40%

9 months <10 months- 4.40%

10 months <11 months- 4.40%

11 months <11 months 25 days - 4.40%

11 months 25 days <1 year- 4.40%

1 year <1 year 5 days - 5.10%

1 year 5 days <1 year 11 days- 5.15%

1 year 11 days <1 year 25 days - 5.10%

1 year 25 days <13 months - 5.10%

13 months <14 months- 5.10%

14 months <15 months- 5.10%

15 months <16 months- 5.20%

16 months <17 months- 5.20%

17 months <18 months- 5.20%

18 months <2 years- 5.25%

2 years <30 months- 5.40%

30 months <3 years- 5.40%

3 years <5 years- 5.40%

5 years to 10 years - 5.75%

More interest to senior citizens

Axis Bank offers higher interest to senior citizens at select maturity. Senior citizens will get interest rates ranging from 2.5% to 6.50% on deposits maturing from 7 days to 10 years.

More money to be paid for cash withdrawal from May 1

Axis Bank has increased various service charges for its savings bank account holders from 1 May 2021. From May 1, the minimum average balance limit has been increased. Charges have also increased in the case of non-maintenance monthly balance charges. From May 1, you need a monthly balance of Rs 15,000 in your account, currently it is Rs 10,000. Similarly, the average monthly balance threshold for Prime and Liberty branded savings accounts has been raised to Rs 25,000, which was earlier Rs 15,000.

CRISIL Report: Private hospitals will earn heavily even after Corona, rooms will remain full

CRISIL Report: Private hospitals will earn heavily even after Corona, rooms will remain full

The demand for rooms in private hospitals has been very high amid the increase in cases of covid-19 infection. Rating agency Crisil said on Tuesday that due to the increase in infection cases, the income of private hospitals will increase by 15 to 17 percent in the current financial year, which is slightly higher than 2020-21.

Crisil said in the statement that due to increase in income, the operating margin of such hospitals is also expected to increase by 1-2 percent to 13-14 percent. Despite this, the margin will remain below 2020-21. The reason for this is that the proportion of treatment for Kovid-19 in hospitals was high during this period, while the profit in it is relatively low.

Rooms filled up to 75 percent

Manish Gupta, Senior Director, Crisil Ratings said, "The first quarter of the current financial year will be better on a year-on-year basis due to the second wave of the pandemic in April. During this, 75 percent of the rooms in the hospitals were filled with patients. This is almost double on an annual basis. The main reason for this is the increase in the number of patients admitted to the hospital for the treatment of Kovid-19.

Rooms will remain full even after Corona

Gupta said that suppressed demand for non-Covid treatment will emerge after the second wave weakens in the second quarter. He said that in the current financial year, 65 to 70 percent of the rooms in the hospitals will be filled. This will increase the income of private hospitals. Last year, an average of 58 per cent rooms were full. In fact, in the second web of Corona, there was a sudden increase in the hospitals. There was panic in many hospitals due to many problems including oxygen and non-availability of beds. However, the matter was gradually brought under control. But it is believed that due to the symptoms of post covid and other diseases, the condition of the hospitals is going to be more or less the same. In fact, there has been a sharp increase in the number of private hospitals in the country in the last few years, but even after this, due to the sudden increase in the demand of hospitals due to Corona, such an environment has been created. Experts believe that still a large section of the country turns to private hospitals for treatment.

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