SBI Cuts Loan Interest By 25 Bps From April 15, Making Borrowing Cheaper; FD Rates Revised

State Bank of India (SBI) reduces lending rate by 25 basis points following RBI's repo rate cut, making loans cheaper for borrowers. FD rates also revised. It comes after the Reserve Bank of India (RBI) in its April MPC meeting announced unanimously to cut the repo rate by 25 bps to 6 per cent from 6.

25 per cent amid controlled inflation. RBI also shifted its stance from neutral to accommodative. SBI has reduced the External Benchmark Based Lending Rate (EBLR) by 25 basis points to 8.



65%. The new rates will be effective from April 15, 2025, as per the updated rate information available on the bank’s website. How Much Will You Save? Hypothetical Illustration SBI Cuts FD Interest Rates.