The country's four big government banks have given a lot of relief to the people, just two weeks left when the festive season starts. These four government banks have made their home loans and car loans cheaper. Indian Bank, Vijaya Bank, Punjab and Sindh Bank and IDBI Banks announced a reduction in interest rates by 0.45%. Following the announcement of the banks, the home loan and car loan EMI will be slightly lower.
Indian Bank has reduced its Marginal System of Fund Landing (MCLR) by 0.15%. Vijaya Bank has reduced its loan rate by 0.15 per cent to 8.50 per cent for one year.
 IDBI Bank also reduced its different loan period from 0.05% to 0.10%. Punjab and Sindh Bank has reduced its overnight loan by 0.45 per cent to 8.15 per cent. Currently, this rate is 8.60 percent. The bank has reduced the percentage of MCRL by 0.40% to 8.20% on one month's loan.
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Indian Bank has reduced its Marginal System of Fund Landing (MCLR) by 0.15%. Vijaya Bank has reduced its loan rate by 0.15 per cent to 8.50 per cent for one year.
 IDBI Bank also reduced its different loan period from 0.05% to 0.10%. Punjab and Sindh Bank has reduced its overnight loan by 0.45 per cent to 8.15 per cent. Currently, this rate is 8.60 percent. The bank has reduced the percentage of MCRL by 0.40% to 8.20% on one month's loan.
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