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SBI Slashes Interest Rate On Savings Account, Removes Minimum Balance Requirement

Navya Singh

The State Bank of India (SBI) on Wednesday, March 11, announced that its customers need not maintain a minimum balance in savings accounts.Till now, the customers had to maintain an average monthly balance of Rs 3,000, Rs 2,000 and Rs 1,000 in metro, semi-urban and rural areas. The bank also used to...