SBI links interest rates to repo rate: Here's how it will impact loans, savings account deposits
Updated : March 12, 2019 03:43 PM IST
As per the norm, the savings interest rates will go up when the repo rate rises and vice-versa.
However, the short-term borrowers with cash credit accounts and overdraft limit over Rs 1 lakh will have to comply with the linking rule. Their EMIs will depend on the rise or fall of repo rate.