SBI cuts MCLR, FD rates; senior citizens get a special deposit with 30 bps premium

In view of adequate liquidity in the system as well as with the Bank, SBI prunes its interest rates on Retail term deposits by 20 bps for ‘upto 3 Years’ tenor, effective from May 12, 2020.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2L9ZZYc