State Bank of India cuts interest rate on savings account by half per cent - All India Radio

The State Bank of India has slashed interest on savings account deposits by half a per cent to three and a half per cent on balance up to 1 crore rupees. The bank said, for saving deposits balance above 1 crore, the rate of interest has been retained ...

SBI cuts savings deposit rates to protect margins - Morung Express

MUMBAI/BENGALURU, July 31 (Reuters) – State Bank of India on Monday cut deposit rates on the majority of its savings accounts to a six-year low, just two days ahead of a policy meeting in which the central bank is expected to cut interest rates.