SBI on April 7 cut its MCLR rate by 35bps, making home and other retail loans cheaper. It also revised interest rate on savings accounts to 2.75% from 3% earlier. The new savings account interest rates will be effective April 15. Read the full story on https://www.moneycontrol.com/news/business/sbi-cuts-mclr-savings-account-interest-rate-down-to-2-75-5117411.html | moneycontrol.com
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