About Axis Bank (UK) Ltd
- Axis Bank Nre Savings Account Interest Rate
- Axis Bank Savings Account Interest Rate 2020
- Axis Bank Savings Account Interest Rate
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.
Among banks, State Bank of India continues to have the lowest savings account interest rate at 2.75%. Axis Bank had reported a surprise ₹ 1,388 crore loss for the fourth quarter, as it set aside. Prime Savings Account. Axis Bank’s Prime Savings Account gives you an edge in the way you bank. Benefits of the Prime Savings Account include enhanced transaction limits, free & unlimited demand.
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).
How are interest rates calculated? Savings Bank Account interest is calculated on a daily basis on the daily closing balance in the Account, at the rate specified by ICICI Bank in accordance with Reserve Bank of India directives. However, with the changes in other banking products, savings account has also seen a major shift from being minimum balance account to zero balance savings account. Many banks now offer zero balance savings account with high-interest rate which is more in demand as compared to the age-old pattern of keeping a few thousands in bank account to. Axis Bank Women Savings Account. To meet the needs of modern Indian women, Axis Bank offers 'Axis Bank Women Saving's Account' that can be opened with a average balance requirement of 2,500, 5000 and 10,000 in rural, semi urban and urban areas respectively with 4% rate of interest that is paid on account balances and paid out on a quarterly basis.
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 Nre Savings Account Interest Rate
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
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Axis Bank Savings Account Interest Rate 2020
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Axis Bank Savings Account Interest Rate
Cover arranged by Axis Bank for its customers under Digit Illness Group Insurance Policy (UIN GODHLGP20142V011920). Participation to group insurance is voluntary.