Sbi Reduces Deposit Rates By 20 Bps In All Maturity Buckets

business sbi reduces deposit rates by 20 bps in all maturity buckets

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State Bank of India has reduced its deposit rates by 20 basis points across all maturity periods, including the special 444-day scheme, effective Friday. The 444-day scheme now offers 6.85% annually, down from 7.05%. This is SBI's second deposit rate cut following the Reserve Bank of India's easing of interest rates in February.

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