Banking: Who is paying more interest on savings accounts in HDFC, ICICI, and Yes Bank, check the new interest rates..

Bank: The Reserve Bank of India has cut the repo rate by 25 basis points. As a result, major banks such as ICICI Bank, HDFC Bank, and Axis Bank have also reduced their savings account interest rates by 25 basis points. Let us tell you what are the current interest rates on savings bank accounts of ICICI, HDFC, Axis, and Yes Bank.

ICICI Bank interest rates-
ICICI Bank is the second largest private bank in the country. It has cut the interest rate on savings accounts after the Reserve Bank of India reduced the repo rate. The bank is now offering an annual interest of 2.75 percent on your account if you have less than Rs 50 lakh at the end of the day, which was earlier 3 percent interest. At the same time, if you have Rs 50 lakh or more in your account by the end of the day, you will get an interest of 3.25 on it.

HDFC Bank-
HDFC Bank has also reduced the interest rates on savings accounts. In the new interest rates applicable from April 12, the bank is offering an interest of 2.75 percent per annum on deposits less than Rs 50 lakh. Apart from this, it is giving an interest of 3.25 percent per annum on deposits of Rs 50 lakh and above.

Axis Bank-
Axis Bank is now offering an interest of 2.75% for the last day balance of less than Rs 50 lakh. At the same time, the bank is giving an interest rate of 3.25% on deposits ranging from Rs 50 lakh to Rs 2,000 crore. Apart from this, the bank is giving overnight MIBOR + 0.70% interest on deposits of more than Rs 2,000 crore.

New interest rates of YES Bank-
Yes Bank has also changed the interest rates on savings accounts. The bank is offering interest according to the amount of deposit. Yes Bank is offering 3 percent interest on deposits up to Rs 10 lakh. 3.50 percent interest on deposits from Rs 10 lakh to Rs 25 lakh.

Apart from this, if you have deposited money between Rs 25 lakh to Rs 50 lakh in the bank, then you will get 4 percent annual interest and 5 percent interest on deposits from Rs 50 lakh to Rs 100 crore. These new interest rates have come into effect from today i.e. 21 April 2025.

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