- 24 Nov 2014
- Reaction score
SBI (State Bank of India) has cut interest rate on savings bank accounts to 3.5 per cent from 4 per cent on balance of Rs 1 crore and below, the country's largest public sector lender informed the stock exchanges on Monday in a regulatory filing. About 90 per cent of SBI's savings bank accounts have balances under Rs 1 crore.
Source: SBI cuts interest rate on savings account deposits - Times of India