New Delhi: The country's largest lender SBI on Wednesday rationalised interest rate on all savings bank (SB) accounts to a flat 3 per cent, a move affecting 44.51 crore account holders.
The bank also waived the requirement for maintaining minimum balance in SB accounts.
Keeping in mind the 'Customers First' approach, the bank further said it has also waived SMS charges, which will bring significant relief to all the customers.
"Bank has also rationalised interest rate on SB Account to a flat 3 % p.a. for all buckets," it said.