SBI is one of the most identified banks in share market and also in interest rates for fixed /recurring deposit. Most of the senior citizens have made their savings fixed deposit in most reputed banks. Banks maybe SBI,Vijayabank, Canara Bank, many more. They think keeping money at more is not safe for them or maybe if we utilize that money, then we have to suffer in future. What ever maybe the reason but it is very important to know the interest rates and terms and conditions as well.
After demonetization of currency in India. Most of the transaction has cut down, senior citizens are more worried about the money. Not only senior but also house wives. Lets talk about main matter first. Here SBI has cut down their interest rate on Fixed deposit. They have cut the interest rate to 0.90%. You can go through more information available in news websites. Indiatoday has already flashing news on this.
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