SBI cuts home loan EMIs, lowers FD rates post-RBI repo cut; effective Dec 15

• SBI reduced home loan interest rates following the RBI's 25 basis point repo rate cut.
• The bank also decreased interest rates on certain Fixed Deposits (FDs), with new rates effective from December 15.
• SBI cut its Marginal Cost of Funds-Based Lending Rate (MCLR) by 5 basis points and External Benchmark Linked Rate (EBLR) by 25 basis points.
• FD rates for the 'Amrit Vrishti' scheme and 2-3 year deposits for general and senior citizens have been reduced.

Why It Matters: Your SBI loan EMIs are cheaper, but your FD returns will be lower.