Bank of India (A Government of India undertaking) has announced today ‘Star Super Triple Seven Fixed Deposit’ scheme, it is a limited-time offer. As the name implies, under the newly launched Fixed Deposit Scheme depositors can earn an interest rate of 7.25% and up to 7.75% for senior citizens on a deposit for 777 days.
When compared to other investment options such as Public Provident Fund, Senior Citizen Savings Scheme, National Savings Certificate, or RBI Bond, Bank of India’s 777-day FD scheme is the most lucrative and a smart investment option.
Bank of India has been offering highly competitive Interest rates on all its Fixed Deposits. In addition to this new offering, the bank has raised the interest rate on its existing 555-day Fixed Deposit scheme to 6.30%. On other time buckets from 180 days to less than 5 years, the bank has raised the interest by 25 basis points.