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SBI Cuts Saving Rates By 0.25% on all Deposits WEF 15 April

Apr. 07 Economy, Honorarium, Natural Calamity Comments

(New Delhi) SBI Cuts Saving Rates By 0.25% on all Deposits
The country’s largest lender SBI on Tuesday said it has cut savings rate by 0.25 per cent to 2.75 per cent on all deposits.
The new rate will come into effect from April 15, 2020.
The savings rate has been reduced to 2.75 per cent from 3 per cent
.The one-year MCLR comes down to 7.40 per cent per annum from 7.75 per cent per with effect from April 10, 2020
It is the 11th consecutive cut in MCLR in 2019-20

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