2017
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
0.6
|
|
|
0.8
|
|
|
1.0
|
|
|
0.9
|
Detailed explanation-1: -Effective April 1, 2017, SBI has reduced its Base Rate to 9.10% p.a. The MCLR, however, remains the same with one-year MCLR at 8 percent. Effective from April 1, 2017, State Bank of India, has reduced its Base Rate from 9.25% p.a. to 9.10% p.a. The MCLR, however, remains the same with one-year MCLR at 8 percent.
Detailed explanation-2: -Mumbai, 31 July 2017: State Bank of India (SBI) announced a revised savings bank interest rate w.e.f. 31st July 2017. Under this change, customers with saving bank account balance of Rs. 1 crore and above will continue to earn interest at 4% per annum. And customers maintaining account balance of Rs.
Detailed explanation-3: -SBI Offers 7.5% interest rates compared to Post office, which offers 8.15% interest rates. If you invest Rs 1 Lakh in SBI FD for 2 years, your maturity amount is Rs 115, 563. Whereas if you invest Rs 1 Lakh in Post office 2 years FD scheme, your maturity would be Rs 117, 506.
Detailed explanation-4: -Notably, SBI is currently offering a certain discount on home loans as part of its festive offer campaign, which is set to end on January 31, 2023. According to SBI’s website, the 1-year MCLR has been raised to 8.4% from 8.30% as of January 15.