Axis Cuts In­ter­est Rate on Sav­ings A/cs

The Economic Times - - Companies: Pursuit Of Profit - Our Bureau.

Pri­vate sec­tor lender Axis Bank on Tues­day re­duced in­ter­est rate on sav­ings bank ac­counts by 50 ba­sis points to 3.5% for de­posits up to .₹ 50 lakh, re­ports How­ever, the bank will con­tinue to pay 4% on de­posits of above .₹ 50 lakh. The new in­ter­est rates will be ef­fec­tive from Tues­day.


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