SBI cuts savings rate by 25 basis points
The country's largest lender, SBI on Tuesday said it has cut savings rate by 25 basis points, or 0.25 per cent, to 2.75 per cent on all deposits. IMAGE: SBI chairman Rajnish Kumar. Photograph: Shailesh Andrade/Reuters The new rate will come into effect from April 15, 2020. In view of adequate liquidity in the system, SBI realigned its interest rates on savings bank deposits with effect from April 15, 2020, SBI said in a statement. The savings rate has been reduced to ...
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Also from: NDTV, Times of India