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SBI reduces base rate of interest
Posted on: 04/Apr/2017 12:10:53 PM
The State bank of India has reduced the base rate for debts. The base interest rate is reduced by 0.15 percent. After reducing, the interest becomes 9.10 percent. Due to this reduction in interest rate, the monthly installment paid will largely reduce for all those who have got debts from SBI.
Recently, many associate banks were linked with the State Bank of India. SBI has also recently introduced minimum balance to be maintained in accounts.
