Bank of India raises interest rates for fixed deposits

| | Ranchi
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Bank of India raises interest rates for fixed deposits

Friday, 01 December 2023 | PNS | Ranchi

Bank of India has announced for its customers and general public (for amounts ranging from Rs. 2 crore and above to less than Rs. 10 crore) from 46 days to 1. Fixed deposit rates with a maturity period of one year have been increased, which will be effective from December 1, 2023.
The Bank has increased its fixed deposit rates for shorter tenures, namely 5.25% for tenures of “46 days to 90 days”, 6.00% for tenures of “91 days to 179 days”, 6.00% for tenures of “180 days to 210 days”. ", 6.50% for tenure "211 days to less than 1 year" and 7.25% per annum for tenure "1 year". The current rates of interest offered by the Bank are competitive, providing very attractive interest on investments by HNIs, Small & Medium Corporates, NRIs and self-employed professionals.
The bank has already increased rates on all deposits of "less than Rs 2 crore" with a tenure of 2 years, effective from November 1, 23. Here, the bank is offering the highest interest rates of 7.90% for Super Senior Citizens, 7.75% for Senior Citizens and 7.25% for Others for a tenure of 2 years. The revised interest rates are applicable on domestic, NRO and NRE term (Rs) deposits.

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