Your SBI Fixed Deposit To Earn Lower Interest From August 1, Details Here

SBI or State Bank of India, the country largest lender, will reduce interest rate on fixed deposits across all maturities starting August 1. In view of the falling interest rate scenario and surplus liquidity, SBI will cut interest rate on retail term deposits (less than Rs. 2 crore) and bulk term deposits (Rs. 2 crore & above), the bank said in a statement on Monday. "For time deposits with longer tenors, there is a reduction up to ...