SBI Savings Deposit To Fetch A Lower Return Soon

State Bank of India (SBI) has lowered the interest on savings deposits with effect from April 15. That means your deposit in an SBI savings account will fetch a lower return once the new rates come into effect. The downward reduction in the savings deposit rate - or the interest rate applicable to savings account balance - by the country's largest lender by assets comes within two weeks after the Reserve Bank of India reduced the key...