SBI cuts FD, MCLR and EBLR rates after RBI repo reduction
after close1 source ↓written by the desknot a recommendation
- year maturities
- 5 bps
- following the RBI's
- 6.40%
- repo cut
- 25 bps
- 8.70%
- 8.75%
State Bank of India (SBI) has reduced its term deposit rate for 2-3 year maturities by 5 bps to 6.40% following the RBI's 25 bps repo cut. Additionally, the one-year MCLR is now 8.70%, down from 8.75%. The EBLR has also been adjusted to 7% from 8.15%, effective 15 Dec 2025.
Not investment advice. For informational purposes only.