{"id":101149,"date":"2017-07-31T14:48:53","date_gmt":"2017-07-31T09:18:53","guid":{"rendered":"http:\/\/greattelangaana.com\/english\/?p=101149"},"modified":"2017-07-31T14:48:53","modified_gmt":"2017-07-31T09:18:53","slug":"sbi-2-tier-interest","status":"publish","type":"post","link":"https:\/\/greattelangaana.com\/english\/sbi-2-tier-interest\/","title":{"rendered":"SBI for 2-tier interest"},"content":{"rendered":"<p style=\"text-align: justify;\">State Bank of India, the country\u2019s largest lender, introduced a two-tier interest rate structure for its savings bank accounts, reducing interest rates for most of its depositors.<\/p>\n<p style=\"text-align: justify;\">Accounts with a balance of Rs 1 crore or less will earn 3.5% per annum effective July 31, while those above Rs 1 crore will continue to earn 4% per annum, the bank said in a statement.About 90% of SBI\u2019s savings accounts have balances under Rs 1 crore.<\/p>\n<p style=\"text-align: justify;\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-101150 aligncenter\" src=\"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2017\/07\/rupee-kbEF-621x414@LiveMint.jpg\" alt=\"SBI for 2-tier interest\" width=\"621\" height=\"414\" \/><\/p>\n<p style=\"text-align: justify;\">\u201cThe decline in rate of inflation and high real interest rates are the primary considerations warranting a revision,\u201d SBI said.The revision would enable the bank to maintain its Marginal Cost of funds-based Lending Rate (MCLR) at existing rates, the lender added.<\/p>\n<p style=\"text-align: justify;\">State Bank of India,two-tier interest rate,savings bank accounts,reducing interest rates,depositors,Rs 1crore,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State Bank of India, the country\u2019s largest lender, introduced a two-tier interest rate structure for its savings bank accounts, reducing interest rates for most of its depositors. Accounts with a balance of Rs 1 crore or less will earn 3.5% per annum effective July 31, while those above Rs 1 crore will continue to earn [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":101151,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[50837,50836,50838,50835,162,50834],"class_list":["post-101149","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-stories","tag-depositors","tag-reducing-interest-rates","tag-rs-1crore","tag-savings-bank-accounts","tag-state-bank-of-india","tag-two-tier-interest-rate"],"jetpack_featured_media_url":"https:\/\/greattelangaana.com\/english\/wp-content\/uploads\/2017\/07\/aa-Cover-tufma193bdvol5oc2hedarbgv6-20170216125618.Medi_.jpeg.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/101149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/comments?post=101149"}],"version-history":[{"count":0,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/posts\/101149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media\/101151"}],"wp:attachment":[{"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/media?parent=101149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/categories?post=101149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/greattelangaana.com\/english\/wp-json\/wp\/v2\/tags?post=101149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}