Tomorrow some rules of the banks will change

New Delhi, Oct 31, 2019, Thursday

There are some changes in the rules of banking operations from tomorrow to November 1st which need to be known at every time.

SBI has to revise its interest rates. In SBI, interest rates of up to one lakh rupees will be reduced by five per cent so that interest rates will be reduced by three per cent. With a deposit of more than one lakh rupees, the interest rate will be linked to the repo rate. Currently the repo rate is three percent.

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In Maharashtra, the working hours of all banks will be the same. Most banks will now open at nine in the morning and close at four o'clock. Earlier, banks were opening work at ten in the morning and closing at five in the evening. Some banks will have nine to three in the morning.

Earlier, SBI loaners were paying 8 per cent interest. With the Reserve Bank reducing the repo rate on Diwali, the interest on the loan will now be 8.05%. The borrower will receive so much benefit.

Contact your nearest bank branch for more information.