Some changes are being made from Friday 1 November 2019, which will have a direct impact on your pocket. Let us tell you that from today SBI bank deposit rates are going to change. And with that, the opening time of Maharastra Banks is changing. Today we will talk to you about the change in the rules related to the bank from 1 November.
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SBI's interest rates will be less:
SBI has reduced the interest rates on bank deposits and FDs by checking liquidity in the economy. It will now give 3.25% interest instead of 3.50% on bank deposits up to Rs 1 lakh. These interest rates have come into effect from 1 November today.
In addition to bank deposits, SBI Bank has also reduced interest rates on term deposits and bulk deposits by 10 basis points and 30 basis points respectively. This new rate is applicable to term deposits ranging from one to two years. The same rates will be applicable from 10 November
Apart from reducing interest rates on FDs, SBI has reduced MCLR for the financial year 2019-20 for the sixth time. That is, now SBI Bank's home loan, car loan, personal loan, etc. will be easily available.
SBI is going to implement new rules from November 1, know what will change
SBI has cut interest rates by 10 basis points. SBI Bank has presented gifts to millions of customers by cutting interest rates before Diwali.
In the three-day meeting of the Monetary Policy Committee headed by Reserve Bank Governor Shaktikanta Das, the repo rate will be cut from November 4.
New Time of Banks:
A new time has been set for Public Sector Bank in Maharashtra. Now all banks here will open and close at the same time. The timing of the banks has been fixed from 10 am to 5 pm. According to the new timing of banks in Maharashtra, the Bankers Committee has decided, which was implemented from 1 November.