SBI savings account interest rate changes from today. Check out latest FD rates
- SBI savings accounts will fetch an interest rate of 3.25%
- India's biggest bank had last month cut interest rate on bank FDs
Starting today, the interest rates on savings account deposits with State Bank of India (SBI) will fetch lower interest rates. India's biggest bank has reduced the interest rate on its savings account for balances below ₹1 lakh to 3.25% from 3.5% from November 1. SBI had also cut interest rates of fixed deposits or FDs last month. SBI, the largest commercial bank in terms of assets, deposits, branches, customers and employees, has a deposit base of over ₹30 lakh crore.
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