SBI Cuts Interest Rate On Fixed Deposits, Senior Citizens In Distress

PUBLISHED ON: September 10, 2019 | Duration: 2 min, 34 sec

  
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For the fifth time this year, State bank of India has announced an interest cut which is good news for fresh home loan takers. The attempt is clearly to kick start the economy but senior citizens are watching their incomes shrink rapidly as the rate cut bites into their fixed deposit savings.
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