SBI Savings Bank Raises Regular Deposit Rates by 0.2%p... Up to 3.2%
"Faithfully Fulfilling Our Role in Financial Services for Ordinary People"
On April 22, SBI Savings Bank announced that it would raise its regular deposit interest rates by 0.2 percentage points.
This rate increase applies to regular deposit products (with a 12-month subscription period) sold at SBI Savings Bank branches, through internet banking, and at Cider Bank. The interest rates for regular deposits, which previously ranged from 2.8% to 3.0%, will now be set at 3.0% to 3.2% starting today.
SBI Savings Bank stated that it aims to enhance consumer benefits during a period of falling interest rates, while also strengthening its competitiveness in deposit products.
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An official from SBI Savings Bank said, "We will faithfully fulfill our role as a financial institution for ordinary people by providing innovative products and services that offer greater benefits to our customers."
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