SBI decreases SB interest rates

SBI decreases SB interest rates

148°
Zsjpjnd
Deal Lieutenant
0
3734
57

https://sbi.co.in/portal/web/interest-rates/sav...

For balances upto 1L INR (w.e.f. November 1, 2019) SBI will give an interest of 3.25% p.a. earlier it was 3.50% p.a. (w.e.f. September 1, 2019)

28 Comments  |  
16 Dimers
Missing
Deal Lieutenant
119
6620
114
FD rates will also go down
Roger federer photos 9 150x150
Deal Subedar
109
1265
38
RangoliMilGayi wrote:

Where to park our money, Only MFs

PPF. MF. NPS TIER 2.

PRIVATE BANKS FD. 7+%

Missing
Deal Cadet
42
640
4

Only likes of idfc, bandhan and rbl would give 7+ returns, that too after so many rumours surrounding all banks.

Missing
Deal Newbie
50
74
0

One day we will have to keep our money in home – there will be no things like bank

Dual survival cody lundin 2
Deal Captain
0
13120
147
desiman wrote:
FD rates will also go down

they should not give interest on fd/ sb or any other poducts. Interest thing should be removed, after all they guard our money. Instead customer should pay interest to bank on keeping money.

India is developing very fast

Missing
Deal Cadet
88
314
5
Expand
Cody wrote:

they should not give interest on fd/ sb or any other poducts. Interest thing should be removed, after all they guard our money. Instead customer should pay interest to bank on keeping money.

India is developing very fast

So by that logic bank should pay us when we avail loan.

Missing
Deal Cadet
42
640
4
Expand
Cody wrote:

they should not give interest on fd/ sb or any other poducts. Interest thing should be removed, after all they guard our money. Instead customer should pay interest to bank on keeping money.

India is developing very fast

Money is more safe in our home, than in bank, Recent example, Dhfl, PMC. Make A Strict Law first for safeguarding our hard earned money.

Download
Deal Lieutenant
7
3308
75
Expand
Rahil42 wrote:

So by that logic bank should pay us when we avail loan.

laughing laughing laughing laughing

I have 5 loans on me
going to become rich in future

Missing
Deal Newbie
50
26
1
Expand
RangoliMilGayi wrote:

Money is more safe in our home, than in bank, Recent example, Dhfl, PMC. Make A Strict Law first for safeguarding our hard earned money.

Agree…

Missing
Deal Newbie
50
44
1
Expand
rogerthat wrote:

kotak mahindra ?

Mahindra finance online fd .also while paying by debit card we get debit card rewards another plus point can use Airtel wallet cashback too while payment.

Missing
Deal Newbie
50
44
1
rogerthat wrote:

btw my nps tier 2 is 18.2% as on date.

@g985481987117

I don’t know about nps can u explain a bit and why don’t people invest in nps then if it has such high interest rate? @rogerthat

Roger federer photos 9 150x150
Deal Subedar
109
1265
38
Expand
g985481987117 wrote:

I don’t know about nps can u explain a bit and why don’t people invest in nps then if it has such high interest rate? @rogerthat

because this requires tier 1 account in first place.


and 500rs per year in tier 1 is mandatory.


no tax benefits on tier 2.

Ros
Deal Cadet
116
875
5
RangoliMilGayi wrote:


https://cdn0.desidime.com/attachments/photos/593395/original/Screenshot_20191101_214226_com.android.chrome.jpg?1572624758Highest interest rates in the world

Boy Real rate of interest in Ukraine is very -ve… I guess I need to take loan from Ukraine banks if there is any way! @GoogleCA Any comments?

Missing
Deal Newbie
52
32
0

I can help you..

Bal ganesh
Deal Lieutenant
94
3880
49
Expand
RangoliMilGayi wrote:

Money is more safe in our home, than in bank, Recent example, Dhfl, PMC. Make A Strict Law first for safeguarding our hard earned money.

Its there already, DHFL or PMC is clear case of intentional fraud by management. RBI alertness would have helped limiting losses but its well known how these govt organizations work and at what speed.
So RBI audits are just useless – PMC people could easily hide the rot.

Missing
Deal Subedar
439
1020
21

It’s a good thing. It’s a very good thing indeed. People in need can take money at lower interest rate and start business. 🙂 In developed countries interest rates are very low. https://thecollegeinvestor.com/22997/best-high-...
So, instead of taking unnecessary headache, fulfill your dreams. High interest rate is a bane to nation’s development.

Img 20190728 110145
Deal Subedar
0
2561
31
RangoliMilGayi wrote:


https://cdn0.desidime.com/attachments/photos/593395/original/Screenshot_20191101_214226_com.android.chrome.jpg?1572624758Highest interest rates in the world

Interest rate makes sense only if inflation is lower.

Missing