SBI reduces savings account interest rate to 2.75%; MCLR cut by 35 bps

This is SBI's eleventh consecutive cut in MCLR in FY 2019-20. Consequently, EMIs on eligible home loan accounts (linked to MCLR) will get cheaper by around Rs. 24.00 per 1 lakh on a 30-year loan.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2xdBy8S