State Bank India cuts SB rate to lowest, FDs' by 25 base...

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State Bank India cuts SB rate to lowest, FDs' by 25 base points

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State Bank of India has reduced interest rates on deposits. The bank lowered retail term deposit rates by 25 basis points. Savings account rates also decreased to 2.5 percent. This decision follows the Reserve Bank of India's repo rate cut. Other banks like HDFC Bank and ICICI Bank have also reduced fixed deposit rates.

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