SBI shocks customers: FD interest rates cut by 0.05% from Dec 15.

• SBI has reduced interest rates on Fixed Deposits (FDs).
• The reduction is by 0.05% for FDs below 3 crore rupees.
• New rates are effective from December 15, 2025.
• This move follows the Reserve Bank of India's (RBI) repo rate cut.
• SBI now offers interest rates ranging from 3.05% to 7.05%.

Why It Matters: SBI's FD rate cut reduces returns on savings for millions of customers.