Top banks cut savings account rates after RBI rate cut decision; SBI drops to 2.5%, HDFC and ICICI now at 2.75%
Wednesday, 18 June 2025 () Savings account holders will earn less. State Bank of India, HDFC Bank, and ICICI Bank have reduced interest rates. This follows the Reserve Bank of India's repo rate cut. Other banks like Bank of Baroda and Federal Bank have also revised rates. The changes align deposit returns with the easing interest rate cycle.
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State Bank of India has reduced interest rates on deposits. The bank lowered retail term deposit rates by 25 basis points. Savings account rates also decreased... IndiaTimes
Wednesday, 18 June 2025 ()
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