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Bloomberg Quint
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Axis Bank Cuts Interest For Savings Account By 25 Basis Points To 2.75%
- Axis Bank has cut the interest for savings account by 25 basis points to 2.75%.
- Balances below Rs 50 lakh will attract a savings account rate of 2.75% annually.
- Balances from Rs 50 lakh to below Rs 2,000 crore will attract a rate of interest of 3.25% annually.
- This move is in line with the interest rate cut by RBI's Monetary Policy Committee.
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