State Bank of India interest rate dropped to 3.5% on deposits below Rs. 1 crore

[Sushubh]

Source


Should rename itself to State Bank of Rich Indians.

 

[SVK]

I was thinking all banks looking to give 6 or 7% on savings account.

 

[Sai]

Hope others won't follow this route.

 

[Sushubh]

only a few banks give more than 4%. indus, kotak and yes bank are some examples. and even in these cases... the higher interest is given on deposits above a certain amount.

 

[raj2007]

Hope others won't follow this route.

Seems our fear has come true
Karnataka Bank to offer 5% for saving deposits over Rs 1 crore, 3% for deposits below Rs 1 lakh

 

[Sushubh]

FM defends SBI decision to cut saving account interest rate - Times of India

 

---