SBI reduced interest rates for home, auto loans by 0.05 percent

Posted on:03 Nov 2017 10:40:50
SBI reduced interest rates for home, auto loans by 0.05 percent
03 November 2017 Current Affairs: State Bank of India (SBI) has reduced the interest rates on home and automobile loans by 0.05%, effective November 1.

It has cut interest rate on home loans to 8.3% and on auto loans to 8.7%.

SBI also cut its fixed deposit rates by 0.25% to 6.25% for most maturities and for senior citizens, the rate has been reduced to 6.75%.

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