SBI Alert: New Rules for MOD Scheme from Now

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The country’s largest bank, State Bank of India (SBI), has made an important change for its crores of customers. The bank has changed the rules of its special Multi Option Deposit (MOD) scheme. From now on, to use this scheme, you must maintain at least ₹50,000 in your savings account. Earlier, this limit was ₹35,000. … Read more

No Change in SBI Loan Rates This Month

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State Bank of India (SBI), the country’s largest public sector bank, has not changed its lending rates for May 2025. This follows a 0.25% cut in April 2025 after the RBI reduced the repo rate. After lowering the MCLR in April, SBI kept the same rates for May. Both the Marginal Cost of Funds Based … Read more

SBI ATM Transaction Rule Changes (See Changes)

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If you have an account with State Bank of India (SBI), there are some important updates regarding ATM transactions that you should be aware of. Starting February 1, 2025, SBI has implemented new rules for ATM transactions aimed at promoting digital banking and making the fee structure more uniform across cities.  These changes will apply … Read more

SBI Discontinues Amrit Kalash FD Scheme

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India’s largest public sector bank, State Bank of India (SBI), has ended its popular fixed deposit (FD) scheme called Amrit Kalash. This scheme was known for offering good returns in just 400 days. The last date to invest in this scheme was 31 March 2025, and SBI has now officially withdrawn it from 1 April … Read more