2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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3.00 %
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2.75 %
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2.50 %
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2.15 %
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Detailed explanation-1: -In April, the bank had cut savings bank deposit rates by 25 basis points (bps) to 2.75 per cent per annum across all slabs. The bank has two slabs for savings bank deposits – those with balance up to Rs 1 lakh and those above Rs 1 lakh. 1)- SB Deposit accounts with balances upto Rs.
Detailed explanation-2: -Revision of Interest Rates on SBI Savings Bank Deposits with effect from May 2020. 2.70% p.a. 2.70% p.a.
Detailed explanation-3: -SBI Savings Account Minimum Balance 2022 and Penalty The average minimum balance for Metro & Urban Centre branches was Rs 3000 and Rs 2000 for semi-urban centre branches while that for rural branches was Rs 1000.
Detailed explanation-4: -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-5: -National average savings account interest rate The national average yield for savings accounts is 0.23 percent APY, according to Bankrate’s Feb. 1 weekly survey of institutions.