Axis bank savings account interest rate: Explore the various Axis Bank

Explore the various Axis Bank savings account options at the Axis Bank. Learn about interest rate, features, benefits, limit, charges, minimum balance and how to open an account online or offline. News: Axis Bank has reduced its savings account interest rates by 25 bps, effective April 15, 2025. Deposits up to ₹50 lakh will now earn 2.75% per annum, while balances between ₹50 lakh and ₹2,000 crore will fetch 3.25%. For deposits above ₹2,000 crore, the rate is pegged to the overnight MIBOR plus 70 bps. View: Axis Bank’s 25 bps savings rate cut is a timely move to offset margin pressure from repo rate reductions, especially as ~58% of its loan book is EBLR-linked. Factoring ... Axis Bank has joined other lenders in lowering deposit rates. India's third-largest private sector bank has cut the savings account rate by 25 bps to 2.75%, with effect from Tuesday. These fresh rates will apply to domestic, non-resident external accounts and non-resident ordinary accounts. Balances below Rs 50 lakh will attract a savings account rate of 2.75% annually and those from Rs 50 lakh to below Rs 2,000 crore will attract a rate of interest of 3.25% annually. After the revision, Axis Bank now offers an interest rate of 2.75% per annum for end-of-day balances below Rs.50 lakh. For balances of Rs.50 lakh and up to Rs.2,000 crore, the interest rate is now 3.25%; for balances above Rs.2,000 crore, Axis Bank offers overnight MIBOR + 0.70%.