New Delhi, July 26: Country’s biggest nationalized bank- State Bank of India have again reduced their deposit rates. Bank deposits (Fixed Deposit) of up to crore rupees have seen decline of quarter to fifty percent in the interest rates.
The Fixed Deposit interest rate for a period extending from six months to a year has shrunk from 6.25% to 6.0%.New rates apply from Monday onwards.
The SBI has conducted the quarterly review of the monetary before the slash of The RBI. Monetary review disparities are awaited.
—Agencies