Savings Account Interest Rates
Effective 01st Apr, 2021, the interest on your Savings Bank Account has been revised as per the following interest rate structure.
| Balance Slabs | Applicable Rate of Interest w.e.f. 01st Apr, 2021 |
|---|
| Less than Rs. 50 lacs | 3.00% p.a. |
| Rs. 50 Lacs and up to less than Rs. 10 Crs | 3.50% p.a. |
| Rs. 10 Crs and up to less than Rs. 100 Crs | Repo + (-0.65%)
Floor rate of 3.50% applicable |
| Rs. 100 Crs and up to less than Rs. 200 Crs | Repo + (-0.50%) |
| Rs. 200 Crs and up to less than Rs. 2,500 Crs | Repo + (-0.50%) |
Floor price for all the Repo linked slabs is revised from 3.60% p.a. to 3.50% p.a. The interest is calculated basis incremental balance slabs.
#For rates on amount of Rs. 2500 Crs and above, please contact the branch official.
Effective quarter ending June 2021, the interest accrued in your Axis Bank Savings Account for any current quarter will be credited to your savings bank A/c on the first day of the next quarter. However, the accrued interest will be considered as a part of your closing balance of the last day of current quarter so that there is no loss of interest income for you.
As an exception to the above, the interest for the last quarter of the financial year will be credited on the last day of the quarter i.e. for Mar’22, quarterly interest will be credited into your Savings Account on 31-03-2022. Click here to know more.
