The State Bank of India (SBI), recently announced a potential increase in its marginal cost of funds-based lending rates (MCLR) by another 10-15 basis points (bps). This comes on the heels of a recent 10 bps hike implemented on June 15. The move signals that MCLR rates, which influence the cost of corporate loans, have not yet reached their peak. Here’s an in-depth look at what … [Read more...] about SBI Indicates Another 10-15 Basis Points MCLR Hike: What It Means for Borrowers and the Economy
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State Bank of India Hikes Fixed Deposit Interest Rates
The State Bank of India (SBI), recently announced a welcome change for its customers: an increase in fixed deposit (FD) interest rates! This is good news for anyone looking for a safe and secure way to grow their money. Let's delve into the details and see if an SBI FD might be the right fit for you. What Changed? Effective May 15, 2024, SBI increased interest rates for … [Read more...] about State Bank of India Hikes Fixed Deposit Interest Rates
SBI Locker LATEST Rules You Must Be Aware Of! Avoid Risking Your Locker Content!
Bank lockers are a popular way to store valuables safely. However, it is important to be aware of the latest rules and regulations governing SBI lockers. This article will discuss the latest changes to the SBI locker agreement, including the new charges, terms, and conditions. We will also provide some tips on how to avoid risking your locker content. What are the latest … [Read more...] about SBI Locker LATEST Rules You Must Be Aware Of! Avoid Risking Your Locker Content!
What To Do If New Debit Card Activation OTP Has Expired?
When you receive a new debit card, it will come with a one-time password (OTP) that you need to use to activate the card. This OTP is usually valid for a limited time, so the OTP will expire if you don't activate your card within that time frame. If your new debit card activation OTP has expired, don't worry, you can still activate your card. Here are a few things you can … [Read more...] about What To Do If New Debit Card Activation OTP Has Expired?
Most Common SBI ATM Error Codes – What Do They Mean? What’s The Solution?
State Bank of India (SBI) is one of the largest banks in India, providing a range of financial services to its customers. One of the most popular services offered by SBI is their ATM network, which allows customers to withdraw cash, check their account balance, and perform various other banking transactions conveniently. However, there may be times when customers encounter … [Read more...] about Most Common SBI ATM Error Codes – What Do They Mean? What’s The Solution?