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Axis Bank reduces interest rates on saving account balances

Capital Market 

With effect from 08 August 2017

has revised the interest rate downward on Savings Account balance by 50 bps to 3.50 per cent per annum on balance of up to Rs. 50 lakhs. The will continue to offer 4.00 per cent interest per annum on Savings Account balance of Rs. 50 lakhs and above.

The new will be effective from 8 August, 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 16:29 IST