The State Bank of India has revised interest rates for term deposits and reduced MCLR and EBLR rates following a repo rate ...
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SBI cuts deposit rates to 2.5%, lowest in industry
The country’s largest lender State Bank has slashed the interest rate on savings bank deposits by a hefty 25-50 bps to 2.5% from the existing 2.7%, the lowest on record. The rate reduction for the ...
State Bank of India (SBI) announces marginal reductions in MCLR, EBLR, and select term deposit rates from Dec 15 ...
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SBI cuts fixed deposit interest rates: Millions of customers face lower returns from December 15
India’s largest public sector lender, State Bank of India (SBI), has delivered a major setback to its crores of customers by ...
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Latest FD Rates After RBI Rate Cut: HDFC, SBI, Axis, Canara Bank And More (Dec 2025)
In its December policy review, the RBI reduced the repo rate by 25 bps to 5.25%. The move aimed at stimulating economic growth is set to impact financial products such as FDs and retail loans.
SBI has reduced select FD rates, cut MCLR by 5 bps across tenors, and lowered EBLR to 7.90% following the RBI’s repo cut. New rates take effect from Dec 15, 2025.
The bank has also announced a sharper cut in its External Benchmark Linked Rate (EBLR), which applies to most floating-rate ...
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