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
State Bank of India (SBI) has made significant changes that will affect its customers. The bank has lowered the interest rates on both regular Fixed Deposits (FDs) and its special FD scheme, Amrit Vrishti. The reduction in rates will be effective starting April 15, 2025. Additionally, the bank has discontinued its previous special FD, Amrit … Read more
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
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 The last date to invest in this scheme was 31 March 2025, and SBI has now officially withdrawn it from 1 April … Read more
SBI Mutual Fund has introduced two new investment options: SBI BSE PSU BANK INDEX FUND and SBI BSE PSU BANK ETF, both based on the BSE PSU Bank Index (BSE PSU Bank TRI). These New Fund Offers (NFOs) opened for subscription on March 17 and will be available for investment until March 20, 2025. SBI … Read more
If you have a State Bank of India (SBI) account and use the YONO mobile banking app, this update is important for you. SBI has announced that its YONO App will no longer support smartphones and tablets running on Android 11 or older versions. This decision has raised concerns among users who rely on the … Read more
The State Bank of India (SBI) has introduced the SBI WeCare Deposit Scheme specifically designed for senior citizens aged 60 and above. This scheme offers higher interest rates on Fixed Deposits (FDs) compared to the usual rates, making it a great option for senior citizens who want to keep their money safe and earn attractive … Read more
SBI Mutual Fund, the country’s largest mutual fund house, has introduced a new investment plan called JanNivesh SIP. This scheme allows people to start investing with just Rs 250, making mutual funds more accessible to the working class and lower-income groups. It offers daily, weekly, and monthly investment options, enabling even small savers to begin … Read more
SBI Mutual Fund, the country’s largest fund house, has launched a new open-ended scheme called the SBI Nifty IT Index Fund. This fund aims to track the performance of the Nifty IT Index. The New Fund Offer (NFO) is available from 4 February to 17 February 2025, making it an excellent opportunity for those interested … Read more
Many people believe that once they retire, they are ineligible for loans. However, if you receive a pension every month after retirement, you can still qualify for a loan even at the age of 60 or 70. The State Bank of India (SBI) offers a special scheme called the SBI Pension Loan Scheme, designed to … Read more
One of the main advantages of this account is that there is no penalty for not maintaining a minimum balance. You won’t be charged for falling below the required balance, which is different from other bank accounts. Additionally, there is no limit on the maximum amount you can keep in the account, offering more flexibility. … Read more