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SBI cuts savings a/c rate to 2.5%, lowest in industry
June 17, 2025
|The New Indian Express Chennai
THE country's largest lender State Bank has slashed the interest rate on savings bank deposits by a hefty 25-50 bps to 2.5% from the existing 2.7%, the lowest on record.
The rate reduction for the deposits is a disincentive for the small savers. The decision comes within days of the bank passing on the 50 bps repo rate cut by the central bank to borrowers effective June 15.
هذه القصة من طبعة June 17, 2025 من The New Indian Express Chennai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Chennai
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