Prime banks reduce financial savings account charges after RBI charge reduce determination; SBI drops to 2.5%, HDFC and ICICI now at 2.75%
Financial savings account holders will see decreased returns as main banks, together with State Financial institution of India (SBI), HDFC Financial institution, and ICICI Financial institution, have lowered their rates of interest following a 50 foundation level repo charge reduce by the Reserve Financial institution of India (RBI) in June 2025. The cumulative charge reduce…