SBI Update: SBI has reduced your earnings by reducing interest rate? Know how much return you will get in 5 years..
After the Reserve Bank of India (RBI) cut the repo rate by 0.50 percent, banks are now seen cutting the interest rates on loans and FDs. Meanwhile, the country's largest lender State Bank of India (SBI) has also made an announcement. SBI has cut interest rates by 0.5 percent, making loans cheaper for both existing and new borrowers.
SBI cut
SBI has decided after the Reserve Bank of India (RBI) cut the policy rate by 0.5 percent. SBI's repo-based interest rate (RLLR) has been cut by 0.5 percent and it has now become 7.75 percent. External benchmark-based interest rate (EBLR) was also cut by 0.5 percent and it has now become 8.15 percent from 8.65.
According to the updated rate information given on the SBI website, the revised rates have come into effect from June 15, 2025. This move of the bank will make loans linked to repo-based interest cheaper. This will benefit new and existing retail customers taking housing, vehicle, and personal loans as well as micro, small, and medium enterprises (MSME) borrowers.
Let us tell you that on June 6, RBI had reduced the key policy rate repo by 0.5 percent to 5.5 percent. Also announced to reduce the cash reserve ratio (CRR) by one percent to three percent.
Know SBI Bank FD interest rates
-7 days to 45 days: For general people – 3.05%, For senior citizens – 3.55%
-46 days to 179 days: For general people – 5.05%, For senior citizens – 5.55%
-180 days to 210 days: For general people – 5.80%, For senior citizens – 6.30%
-211 days to less than 1 year: For general people – 6.05%, For senior citizens – 6.55%
-1 year to less than 2 years: For general people – 6.25%, For senior citizens – 6.75%
-2 years to less than 3 years: For general people – 6.45%, For senior citizens – 6.95%
-3 years to less than 5 years: For general people – 6.30 %, for senior citizens – 6.80%
-5 years to 10 years: for general public – 6.05%, for senior citizens – 7.05%
Disclaimer: This content has been sourced and edited from Zee Business. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
