One more attack on the savings of the people! State Bank of India has reduced the interest rate of saving bank accounts from 4% to 3.5%, while retaining the 4% rate for those accounts having more than one crore rupee. This is effective from this Monday.
This is an attack against small account holders and at the same time protecting the high, who have got more than one crore rupee in the accounts.
SBI should withdraw this order.