Core Points - The State Bank of India (SBI) has updated interest rates for term deposits and revised MCLR and EBLR rates following a 25 basis points reduction in the repo rate by the Reserve Bank of India [1][6][7] Revised Deposit Rates - For deposits under ₹3 crore with a tenure of two to three years, the interest rate has been reduced from 6.45% to 6.40% for the general public and from 6.95% to 6.90% for senior citizens [2] - The specific tenor scheme "444 days", Amrit Vrishti, has seen a rate change from 6.60% to 6.45% [2] - The highest interest rates for deposits under ₹3 crore are now 6.05% for the general public and 7.05% for senior citizens, depending on the tenure [3] Interest Rates for General Public - Fixed deposits with tenures of 7 to 45 days earn 3.05%, while those for 46 to 179 days earn 4.90% [4] - For tenures of 180 to 210 days, the interest rate is 5.65%, and for 211 days to less than a year, it is 5.90% [4] - Deposits with a term of one year to less than two years yield 6.25%, and those with a term of three to less than five years yield 6.30% [4] - For deposits ranging from 5 to 10 years, the interest rate is 6.05% [4] Interest Rates for Senior Citizens - Senior citizens will earn 3.55% for deposits of 7 to 45 days and 5.40% for 46 to 179 days [5] - For tenures of 180 to 210 days, the rate is 6.15%, and for 211 days to less than a year, it is 6.40% [5] - Deposits lasting one year to less than two years provide 6.75%, while those with a three to five-year term yield 6.80% [5] - For deposits ranging from 5 to 10 years, senior citizens will receive 7.05% [5] Revised MCLR Rates - SBI has reduced the overnight and one-month MCLR rates from 7.90% to 7.85% [6] - The three-month MCLR has been cut from 8.30% to 8.25%, and the six-month MCLR from 8.65% to 8.60% [6] - The one and two-year MCLR rates have been revised to 8.70% from 8.75%, while the three-year rate has been reduced from 8.85% to 8.80% [6] Revised EBLR Rate - The External Benchmark Linked Rate (EBLR) has been reduced from 8.15% to 7.90% as of 15 December [7]

Core Viewpoint - The Reserve Bank of India (RBI) has reduced the policy repo rate by 25 basis points, prompting State Bank of India (SBI) to adjust its deposit and lending rates accordingly [1][2]. Group 1: Deposit Rate Adjustments - SBI has decided to selectively reduce deposit rates, specifically lowering the term deposit rate for the 2-year to less than 3-year maturity bucket by 5 basis points from 6.45% to 6.40% [1]. - The interest rate for the specific tenor scheme of "444 days" (Amrit Vrishti) has been cut by 15 basis points from 6.60% to 6.45% [2]. Group 2: Lending Rate Adjustments - SBI has reduced the marginal cost of funds-based lending rate (MCLR) by 5 basis points across the board, with the one-year MCLR now at 8.70% compared to the previous 8.75% [2]. - The External Benchmark Linked Rate (EBLR) has been cut from 8.15% to 7.90%, affecting all retail and MSME loans priced against this benchmark [3].

Core Viewpoint - The State Bank of India (SBI) has reduced its lending rates by 25 basis points in response to the Reserve Bank of India's (RBI) policy rate cut, making loans cheaper for borrowers [1][2]. Group 1: Lending Rate Reductions - SBI's External Benchmark Linked Rate (EBLR) will decrease to 7.90% effective December 15, 2025 [1]. - The Marginal Cost of Funds-Based Lending Rate (MCLR) has been reduced by 5 basis points across all tenures, with the one-year maturity MCLR falling to 8.70% from 8.75% [2]. - The Base Rate/BPLR has been lowered to 9.90% from 10%, effective December 15 [3]. Group 2: Fixed Deposit and Specific Scheme Rates - The fixed deposit rate for maturities between two to three years has been cut by 5 basis points to 6.40%, effective December 15 [3]. - The interest rate for the '444 days' Amrit Vrishti scheme has been revised from 6.60% to 6.45%, effective December 15 [4]. Group 3: Impact on Borrowers - The rate reductions will lower Equated Monthly Instalments (EMIs) for both existing and new borrowers linked to these benchmarks [6]. - Retail customers seeking home, vehicle, and personal loans will benefit from enhanced affordability, while MSMEs and corporate borrowers will experience reduced costs of funds, supporting business growth [6]. Group 4: Other Lenders - Indian Overseas Bank (IOB) has also announced a reduction in its lending rates, effective December 15, 2025 [4][5]. - IOB's EBLR has been reduced by 25 basis points from 8.35% to 8.10%, fully passing the policy rate cut to customers [5].