Sbi Savings Bank Deposit Rate

The top commercial banks today pay interest at the rates of 5.25 per cent to 5.50 per cent for the general public and 6.00 per cent to 6.30 per cent for senior citizens.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

The new interest rate for SBI's savings accounts comes within two weeks after the Reserve Bank of Indialowered the repo rate - or the key interest at which the RBI lends funds to commercial banks such as SBI - by 75 basis points to 4.40 per cent, in an emergency move to strengthen the financial system against the economic fallout from the deadly co...

At present, State Bank of India (SBI) offers interest at the rate of 3 per cent on savings deposits.

State Bank of India or SBI, the country's largest lender, offers the option of opening a recurring deposit (RD) account that allows customers to save a fixed sum every month and earn an interest income on the same. Interest rates offered on recurring deposits (RDs) are the same as that on fixed deposit (FD) accounts, according to SBI's official web...

State Bank of India, Kotak Bank and BOB provide a myriad of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years.

Fixed Deposit Interest Rate: State Bank of India, HDFC Bank and ICICI Bank provide a range of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years. Fixed deposit accounts with a lock-in period of five or 10 years offer income tax benefits under Section 80C of the Income Tax Act.

SBI Savings Account Interest Rates: From Friday, the interest rate was lowered to 3.25 per cent for balances up to Rs 1 lakh from 3.50 per cent.

SBI interest rates: Interest rates on savings accounts with balances up to Rs 1 lakh would be lowered by 25 basis points or 0.25 percentage points, according to SBI.

SBI saving account interest rate: The bank said that "in view of the adequate liquidity in the system", savings accounts with balance up to Rs 1 lakh will be lowered by 25 basis points (bps) or 0.25 percentage points.

FD interest rates: State Bank of India FD rates have been lowered by 10 basis points (or 0.10 percentage point) across a select tenor in the retail segment.

SBI interest rates: The cut in interest rates comes on the back of RBI's 135 basis points reduction in the repo rate so far this year.

State Bank of India's MCLR, the rate to which all of its loans are linked, now stands at 8.15 per cent for the one-year tenor, from 8.25 per cent earlier, according to SBI's statement.

SBI has a 2.25 per cent or 225 basis-pointmark-up over the repo rate, which is 5.40 per cent. Any changes in the RBI's repo rate will be reflected in State Bank of India's repo-linked lending rate, and passed on to the home loans.

The bank will now offer an interest rate of 4.5per cent to general public and 5 per cent to senior citizens on fixed deposits of 7-45 days. Currently, the public sector bank paysinterest at the rate of 5 per cent and 5.5per cent to the general public and senior citizens respectively.

The top commercial banks today pay interest at the rates of 5.25 per cent to 5.50 per cent for the general public and 6.00 per cent to 6.30 per cent for senior citizens.

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

The new interest rate for SBI's savings accounts comes within two weeks after the Reserve Bank of Indialowered the repo rate - or the key interest at which the RBI lends funds to commercial banks such as SBI - by 75 basis points to 4.40 per cent, in an emergency move to strengthen the financial system against the economic fallout from the deadly co...

At present, State Bank of India (SBI) offers interest at the rate of 3 per cent on savings deposits.

State Bank of India or SBI, the country's largest lender, offers the option of opening a recurring deposit (RD) account that allows customers to save a fixed sum every month and earn an interest income on the same. Interest rates offered on recurring deposits (RDs) are the same as that on fixed deposit (FD) accounts, according to SBI's official web...

State Bank of India, Kotak Bank and BOB provide a myriad of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years.

Fixed Deposit Interest Rate: State Bank of India, HDFC Bank and ICICI Bank provide a range of maturity options to retail customers for setting up fixed deposits, starting from seven days to as long as 10 years. Fixed deposit accounts with a lock-in period of five or 10 years offer income tax benefits under Section 80C of the Income Tax Act.

SBI Savings Account Interest Rates: From Friday, the interest rate was lowered to 3.25 per cent for balances up to Rs 1 lakh from 3.50 per cent.

SBI interest rates: Interest rates on savings accounts with balances up to Rs 1 lakh would be lowered by 25 basis points or 0.25 percentage points, according to SBI.

SBI saving account interest rate: The bank said that "in view of the adequate liquidity in the system", savings accounts with balance up to Rs 1 lakh will be lowered by 25 basis points (bps) or 0.25 percentage points.

FD interest rates: State Bank of India FD rates have been lowered by 10 basis points (or 0.10 percentage point) across a select tenor in the retail segment.

SBI interest rates: The cut in interest rates comes on the back of RBI's 135 basis points reduction in the repo rate so far this year.

State Bank of India's MCLR, the rate to which all of its loans are linked, now stands at 8.15 per cent for the one-year tenor, from 8.25 per cent earlier, according to SBI's statement.

SBI has a 2.25 per cent or 225 basis-pointmark-up over the repo rate, which is 5.40 per cent. Any changes in the RBI's repo rate will be reflected in State Bank of India's repo-linked lending rate, and passed on to the home loans.

The bank will now offer an interest rate of 4.5per cent to general public and 5 per cent to senior citizens on fixed deposits of 7-45 days. Currently, the public sector bank paysinterest at the rate of 5 per cent and 5.5per cent to the general public and senior citizens respectively.