Bank Savings Rate Cut After RBI Repo Rate Reduction: How Much Are You Losing and What to Do
By MoneyCal Editorial Team • Published 2026
Following the Reserve Bank of India's recent repo rate cut, major banks including State Bank of India (SBI), HDFC Bank, and ICICI Bank have reduced their savings account interest rates. This move, while expected, significantly impacts millions of Indian savers who rely on bank deposits for their returns.