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🏦 HDFC Bank & SBI Revise Rates Amid RBI Easing Signals
News
15 April 2025
1 min read
397
India’s leading banks are responding swiftly to evolving monetary signals. HDFC Bank has trimmed its savings account interest rate to 2.75%, a move that follows the Reserve Bank of India's policy stance and softening inflation outlook. This rate cut applies to balances below ₹50 lakh.
Meanwhile, SBI has reduced fixed deposit (FD) rates by 10 basis points (bps) for select tenures, marking the first such adjustment after the RBI maintained repo rates earlier this month.
These moves signal a cautious outlook from banks amid expectations of future policy easing and lower cost of funds, impacting both retail savers and borrowers.
📉 Key Highlights:
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HDFC savings rate: 2.75% (for balances < ₹50 lakh)
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SBI FD rate cut: 10 bps for select buckets
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Follow-up to recent RBI repo rate pause
As lending and deposit rates recalibrate, wealth managers and fintech platforms must rethink yield strategies for customers navigating this shifting interest rate environment.
References:
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