Several banks including Axis Bank, HDFC Bank, and ICICI Bank have lowered savings account interest rates in April 2025.HDFC Bank reduced the interest rate on its savings account to 2.75% from April 12.Axis Bank lowered the rates to 2.75% for balances below Rs 50 lakh and 3.25% for accounts holding above Rs 50 lakh.ICICI Bank decreased the interest rate on its savings account to 2.75%, effective from April 16.