Axis Bank also reduced the discount rate, new rates apply today

Private sector bank Axis Bank has announced the reduction in interest rates on savings account. The bank has reduced the 50 basis points on the balance up to 50 lakh rupees. After this, the interest rate has now been 3.5 percent. The bank has clarified that the interest rate of four per cent will remain intact on deposits above 5 lakhs. According to the information, new rates have come into effect from 8th August. Let us tell you that earlier SBI and ICICI Bank also lowered the interest rates. Interest rates reduced on SBI have come into effect from July 31...