Last week, the country’s biggest bank, the State Bank of India announced its move to reduce the savings bank interest from 4 to 3.5 per cent for deposits up to Rs 1 crore. I am sure other banks will soon follow in this line and a basic savings bank account will return this rate. Yes, there will be the 6 per cent returns and higher which will be aggressively advertised, with the rider that such returns are on a much higher minimum balance held in the account, which happens even today. Gullible account holders will always treat this as their fate and live with it, blaming it on past karma.