The bank has increased the interest rate of 444 days fixed deposits
MUMBAI: Bank of India, one of the largest state-owned banks in India, has for 444 days Rs. Increased interest rates for deposits below Rs 2 crore, effective January 10, 2023. After the revision in interest rates, 7.05 percent interest per annum has been offered for fixed deposits for 444 days for general customers.
The bank is offering 7.55 percent interest rate on fixed deposits for senior citizens for 444 days and 7.25 percent per annum for tenor less than 2 years and 5 years. It offers 3 percent to 6.75 percent interest on other term deposits maturing in 7 days to 10 years for general customers. Revised interest rates are applicable on domestic, NRO and NRI deposits.