State Bank of India Articles

Interest rate cuts
February 9, 2020
SBI cuts fixed deposit rates; interest to fall 0.10-0.50% from February 10

SBI’s new interest rates on retail domestic term deposits will fetch you Rs 1,758 to Rs 17,958 less on Rs 10 lakh FD

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ATM withdrawal cardless
January 25, 2020
How you can withdraw cash from ATM without debit card

We look at cardless ATM withdrawal facilities provided by SBI and ICICI Bank

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State Bank of India
January 9, 2020
Get entire SBI home loan principal back if developer fails to stick to project deadline

The scheme is part of the newly-launched ‘Residential Builder Finance With Buyer Guarantee’ (RBBG) that seeks to safeguard homebuyers financially

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State Bank of India
January 2, 2020
OTP-based cash withdrawal across all SBI ATMs effective January 1

SBI’s OTP-based cash withdrawal facility will be applicable for transactions above Rs 10,000

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Money Saving Tips
October 11, 2019
SBI cuts saving account rate to 3.25%; as other top banks may follow soon what options do you have

Switch to other banks to get more savings account interest, or shift a part of corpus to liquid MFs to get better, although not guaranteed returns

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SBI interest rates
September 19, 2019
SBI modifies service charges on ATM deposits, withdrawals and others from Oct 1

Also the number of free cash withdrawals and free ATM transactions will depend on your average monthly balance

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State Bank of India
September 9, 2019
SBI cuts FD rates for 3rd time in 2 months; fixed deposits to fetch 0.20-0.25% less from September 10

SBI has also reduced its MCLR (Marginal Cost of Funds based Lending Rate) by 10 basis points which will come into effect from September 10. That will reduce cost of loans

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interest rate cut
August 24, 2019
FD rates on a downward spiral with SBI cutting rates by 50 bps more; others may follow suit

New lower rates effective from August 26, 2019; applicable to fresh deposits and renewals of maturing deposits The 50 bps cut means interest income will drop by up to Rs 46,300 for Rs 10 lakh FD

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State Bank of India
August 19, 2019
‘As a bank, we have to strike a balance between what we pay to our depositors and what we charge on loans’, SBI chairman Rajnish Kumar

Bank says it has cut repo rate linked lending rate by 85 bps; MCLR has been reduced by 30 bps but more MCLR lowering will mean an impact on depositors

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