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Axis Bank reduces interest rates on saving account balances

Last Updated : Aug 09 2017 | 12:04 AM IST

With effect from 08 August 2017

Axis Bank 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 Bank will continue to offer 4.00 per cent interest per annum on Savings Account balance of Rs. 50 lakhs and above.

The new interest rates will be effective from 8 August, 2017.

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