New Delhi: The country's largest bank, State Bank of India (SBI) is going to implement a decision tomorrow i.e. from November 1, which will have a direct impact on its crores of customers. This decision of the bank is going to cause a loss of millions of customers. The biggest thing in these is that the interest on the amount you have deposited in the bank will be reduced from November 1.
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The bank had already announced this and it is now due to implement this decision. According to this decision, if you are a customer of State Bank of India, then you are also going to be worried about the cut in interest rates on deposits in November. The decision taken by the bank is going to affect more than 400 million customers.
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In the announcement made by the bank on October 9, it has been said that the rate of interest received for saving on the amount of up to one lakh has been reduced by 0.25 percent. After this, it has come down to 3.25 percent. At the same time, the interest received on deposits above one lakh has been linked to the repo rate.
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