SBI reduces Interest Rates on Savings Account

[{"selector":"#anim-bb4508c5-0060-46fb-bf3c-85a47c1fa588","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-51c1590b-d5df-4739-9539-ad95946e5d34","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SBI reduces Interest Rates on Savings Account

[{"selector":"#anim-66ca233f-b6e6-45cf-a13c-2cfe635263a6","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-ab2e1989-5428-4367-9cd9-a51df47c2ead","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] India's Leading Bank SBI has slashed Interest Rates on Savings Account by 5 bps to 2.70%

[{"selector":"#anim-8a7acb04-ab46-4242-9164-35545e9ad5a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-643913be-331c-4cde-ad13-abd26672c133","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] This Interest Rate is applicable to Savings Account Balance below Rs 10 Crore

[{"selector":"#anim-7f774bcd-a213-4b70-a5cf-974be6e22715","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c8265950-1074-45f5-833f-8feca74c2e7f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] However, SBI has increased Interest Rates by 25 bps on Savings Account balance of Rs 10 Crore and above

[{"selector":"#anim-c32930b4-9ac6-464d-a42f-8115b56a3054","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-1f7c9d03-195d-4556-b7f6-2ffe2b401030","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] This new interest Rates will be effective from 15 October, 2022

[{"selector":"#anim-4f5dbd1d-ab19-47f8-8d29-576d4f301dfe","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-896ba0e2-3cfb-4a66-ab8d-dd6cf55cf462","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SBI has also hiked its interest rates on Fixed Deposits below Rs 2 Crore by 10 bps to 20 bps

[{"selector":"#anim-e1db52af-5d85-4356-b463-c4949c82acd2","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-41fb4c48-0dc3-4f79-9564-f6c72f26cf20","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SBI has cut its interest rates on SB account 2.75% to 2.70% for account balance of less than Rs 10 Crore

[{"selector":"#anim-4938096e-2910-4698-ad9f-e68af50dbeae","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-896786b1-d362-44bf-8df6-c64637143e8a","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] And for balances above Rs 10 Crores, the Rate of Interest is increased from 2.75% to 3.00%

[{"selector":"#anim-5d5d4730-80ca-4bbc-84e4-1ba26a1b6d90","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-56b3340e-6b4d-405e-9f35-e293ac9aa4ef","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] SBI has largest network of 22K branches & 65K ATM's across India

[{"selector":"#anim-12a1eef7-d9a1-4020-b375-11024a472600","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-45845df6-8998-4be4-9176-37c037985572","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] The number of Customers using Internet Banking is 104 million