Bank of India (BoI) today said it has increased the interest rates for 1-year tenor Fixed Deposits to 7.00% with effect from 26th May 2023 for retail customers (for less than Rs 2 crores deposits).

Following the revision, the Bank of India is now offering a rate of interest in the range of 3% to 7.00% for general citizens deposits maturing in the range of 7 days to 10 years.

The bank is providing an interest rate of 7.50% to senior citizens and 7.65% to super senior citizens for a deposit period of 1 year. The revised interest rates are also applicable for domestic, NRO and NRE deposits, the Bank of India said in a statement.

Source link

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *