April 20, 2024

Bank of India increases Fixed Deposit Rates for 1 year tenor, offering upto 7.65 % for super senior citizens

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Mumbai, May 27th, 2023: Bank of India, one of the leading public sector banks in India, has increased the interest rates for 1 year tenor to 7.00% with effect from 26th May, 2023 for retail customers(for less than Rs 2 crores deposits). Following the revision bank offers rate of interest in the range of 3 % to 7.00 % for normal customers for deposits maturing in the range of 7 days to 10 years. It provides an interest rate of 7.50% for senior citizens and 7.65 % for super senior citizens for a deposit period of 1 year. The revised interest rates are applicable for domestic, NRO and NRE deposits.