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SBI another good news

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The country’s largest lender, State Bank of India (SBI), announced that it has cut interest rates on saving accounts by 25 basis points. With effect from April 15, 2020, savings accounts will earn 2.75 per cent an annum.

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Pro Community Angel Pro Community Angel
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Paison ko bed ke niche rakho stuck_out_tongue

Pro Entertainer Pro Entertainer
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Modi demonetization kar dega… sad toungueout

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Deal Newbie Deal Newbie
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Good news kaise hui be ??

Pro Community Angel Pro Community Angel
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Google sarcasm laughing

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Deal Cadet Deal Cadet
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open account in idfc first bank for 6% interest rate

Deal Captain Deal Captain
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Even Yes Bank was offering 7% pa

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Mobile Guru Mobile Guru
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Made it zero balance after they removed 3/5k min MAB smile

Community Angel Community Angel
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Keep one rupee and get 1 rupee interest per quarter
Banks credit one rupee interest per quarter even if you have 25-50 rupees

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Deal Subedar Deal Subedar
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When military people dying in border why not sacrifice for country
New India sir

Community Angel Community Angel
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The way they are reducing interest rate, it will go minus in coming years

Generous Generous
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Wait till they start printing fresh money (not new notes) pushing up the inflation. Automatically you will be getting negative rates

Deal Cadet Deal Cadet
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Sarcasm samjho bhai…

Deal Subedar Deal Subedar
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Going by the same pace, it will be negative in some time

Deal Newbie Deal Newbie
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I loved to invest money this develops the economy and give interest in a large way

Deal Newbie Deal Newbie
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At least they are giving interest,

Community Angel Community Angel
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Kotak also revised to 5% above 1L.

Benevolent Benevolent
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Soon the will charge you for keeping your cash in safe custody

Deal Cadet Deal Cadet
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i tell nattu kaka and bagha to shift bank to another banks now

Deal Lieutenant Deal Lieutenant
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….Assuming an average rate of 5% inflation….we are losing money if we keep them in bank…

…buy digital silver or invest in better spaces….
Super Stud Super Stud
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other banks will follow their senior

Community Angel Community Angel
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Every bank is crediting Rs.500 to their women Jandhan Accounts, They will compensate the help by reducing interest rates permanently, no PMCARES fund involved here too?
Last time when SBI decided to charge heavily for non maintenance of MAB they said we are forced to do it to provide Free services to Jandhan Accounts

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