Interest rate lowered by 0.5% to 3.50% for balance up to Rs. 50 lakh For balance of Rs. 50 lakh and above, rate remains steady at 4% per annum More banks are expected to lower their interest ratesPrivate sector lender Axis Bank has cut interest rate on savings accounts by 50 basis points to 3.50 per cent per annum for balance of up to Rs. 50 lakh. Axis Bank will … [Read more...] about Axis Bank cuts interest rate on savings bank account