Axis Bank Savings Account Interest Rate
Posted By admin On 09/07/22Interest on savings account is calculated on a daily basis based on your closing amount. The interest accumulated will be credited to your account on half yearly basis or quarterly basis depending on the savings accounttype and the bank’s rule. Axis Bank is the fourth lender to reduce the interest rate after market leader State Bank of India (SBI) begun the process of reducing interest rate on savings bank account. Benchmarks Nifty 15,359.20 44.5. NRE Savings Account by Axis Bank provides the Global Indians with easy banking facilities and services. Mariner Burgundy account available with the benefit of 95 paise better rate on remittances. FD Interest Rates, Education Loan, Current Account. Interest Rates on Domestic, Non Resident, Trust and Government Savings Account Deposits: Effective 20 th Oct, 2020, the interest on your Savings Bank Account has been revised as per the following interest rate structure.
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About Axis Bank (UK) Ltd
Founded in 2013, Axis Bank UK Ltd. is a wholly owned subsidiary of AXIS BANK LTD. and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and Prudential Regulation Authority.
Deposits made into savings accounts offered by Axis Bank UK Ltd. through the Raisin UK savings marketplace are covered by the Financial Services Compensation Scheme (FSCS).
Bank details
| Headquarters: | London UK |
| Year established: | 2013 |
Security and deposit guarantee
Deposits are eligible for protection by the Financial Services Compensation Scheme (FSCS) http://www.fscs.org.uk/. The FSCS is the United Kingdom’s statutory deposit guarantee scheme that covers deposits in individual savings accounts up to £85,000, per banking group regulated by the Financial Conduct Authority or the Prudential Regulation Authority. It is available for deposits with most UK high-street and online banks and means if the bank fails, and deposits become unavailable, the scheme may cover your deposit account deposit up to the £85,000 per person, per banking group limit.
Compensation limits are per person per firm, not per deposit. Be aware that if you have other deposits with this bank (or banking group) then the £85,000 protection applies only to eligible deposits up to this limit.
Who is Raisin?
Axis Bank Savings Account Interest Rate Best
At Raisin UK, we have one mission; to help you save time and make money. In Europe, Raisin has already helped over 150,000 consumers get competitive rates on their savings and now we're shaking up the UK savings market.
The Raisin UK savings marketplace is designed to provide savers with an easy way to apply, manage and fund savings products - all with attractive rates.
By registering for a Raisin UK Account, you'll only ever need to fill in one application form to enjoy simple one-click funding on a range of savings products from our partner banks.
How to open an account
