After the State Bank of India followed a similar move earlier, Axis Bank on Tuesday reportedly reduced the interest rate on savings accounts of up to Rs 50 lakh by 50 basis points (bps) to 3%. The bank will continue to pay 4% interest on savings accounts with balances of more than Rs 50 lakh, reports added. Most public and private sector banks pay 4 per cent on savings accounts.
By Vikraman Maniraj | Aug 9, 2017 1:06 PM #AxisBank #SavingsAccount #InterestRate
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