RBL Bank has decided to reduce interest rates while giving relief to its customers. The bank has reduced the interest rates on all term loans by 0.10 per cent. The new rates have come into effect from 22 July.
new Delhi. Private sector big bank RBL Bank has decided to reduce interest rates while giving relief to its customers. The bank has reduced the interest rates on loans for all tenure by 0.10 per cent. The new rates have come into effect from 22 July. Let us tell you that on May 22, the Reserve Bank of India had reduced the repo rate by 0.40 percent to 4 percent. After this, Punjab National Bank, Bank of India and UCO Bank have already reduced their loan rates related to repo and MCLR.
RBL saving account rules will change from August 1 – RBI has recently changed the interest rates on savings account. The new rates will be applicable from 1 August. Now, you will get 4.75 percent interest annually on savings account deposits up to Rs 1 lakh. At the same time, 6 percent will be given on deposits up to Rs 1-10 lakh and 6.75 percent interest will be given on deposits ranging from Rs 10 lakh to Rs 5 crore.
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RBL Bank also made changes to other charges – If the debit card is lost or damaged, a charge of Rs 200 will be paid. At the same time, now you have to pay Rs 250 annually for the Titanium Debit Card. At the same time, customers can now withdraw cash from the ATM 5 times a month for free.
The country’s largest state-owned bank, SBI i.e. State Bank of India (SBI-State Bank of Inida) has also reduced the principal interest rate of the loan to MCLR (sbi mclr cut), after which now the home loan is cheaper (SBI cheap home loan) has gone.
