Private sector lender Axis Bank reduced interest rate on savings bank accounts by 50 basis points to 3.5 per cent for deposits up to Rs 50 lakh.
However, the bank will continue to pay 4 per cent interest on deposits of above Rs 50 lakh.
Important Takeaways from Above News-
- Shikha Sharma is the Managing Director & CEO of Axis Bank.
Source- The Hindu Business Line