HDFC Bank interest rates: Less than ICICI Bank and Axis Bank

Bank interest rates : Private sector lender HDFC, which is India's second largest bank by asset, has reduced its interest rate on savings accounts. The lender, that commands a market cap of Rs 13,82,450.37 crore, has reduced its interest rate to the lowest level, as compared to its competitors including ICICI Bank and Axis Bank . Furthermore, the reduction comes just after the RBI MPC meet. HDFC Bank interest rates on savings account According to HDFC's official website, the lender has reduced its interest rates by 25 basis points. Now the interest rate for savings accounts stands at 2.75%.