SBI cuts Saving Account Interest from 4% to 3.5%

SBI cuts Saving Account Interest

SBI (State Bank of India), India’s largest bank has cut the interest rate offered on Savings bank Account form 4% to 3.5% for deposits below Rs 1 crore effective July 31, 2017. For account balance above Rs 1 crore the interest rate is still 4%. SBI said the move was prompted by decline in the […]

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