After SBI, Kotak Mahindra Bank cuts savings rate by 0.50%
A day after announcement of RBI's bi-monthly monetary policy review, Kotak Mahindra Bank on Thursday decided to slash interest on savings account deposits by 0.50 percent to 5.5 percent on balance between Rs 1 crore and Rs 5 crore.
Aug 03, 2017, 15:20 PM ISTSBI cuts interest rates for savings accounts by 0.5% to 3.5%
According to the new structure, for saving deposits balance up to Rs 1 crores, SBI will offer a rate of 3.5 percent as compared to 4 percent earlier, the bank said.
Jul 31, 2017, 11:37 AM IST