SBI cuts 1,000-days deposit rate by 0.25 pc

The country's largest PSU lende, State Bank of India, on Saturday reduced interest rate for deposits having 1,000-day tenure by 0.25 percent to 7 percent.

The new rate will be effective from 8th September, the bank said in a release issued in Mumbai on Saturday.

Interest rates for deposits for all other tenures remain the same.