Current Affairs - Banking - Discussion

After SBI, the Bank of Baroda cuts interest rate on savings bank balance of up to Rs 50 lakh has been reduced to 3.5 per cent from the current annual 4 per cent. However, for balance above of Rs 50 lakh, the bank has retained the rate at 4 per cent. However, for balance above of Rs 50 lakh, the bank has retained the rate at 4 percent.