Bank Of India Fd Rates Hike: Fixed deposit rate hiked for one year tenure offering up to 7.65% interest rate for super senior citizens.
Fd Rates Hike: Bank of India, one of the leading public sector banks in India, has increased the interest rate for retail customers (for deposits below Rs 2 crore) to 7% for one year with effect from 26th May, 2023. After this revision, the bank offers interest rates in the range of 3% to 7.00% for general customers for deposits maturing in the range of 7 days to 10 years.
Offers an interest rate of 7.50% for senior citizens and 7.65% for a deposit tenure of 1 year for super senior citizens. Revised interest rates are applicable for domestic, NRO and NRE deposits.
Bank of India FD Interest Rates
The bank offers an interest rate of 3 percent for deposits maturing between 7 days to 45 days. Deposits maturing between 46 days and 179 will earn an interest rate of 4.50%.
The bank offers 5.00 percent interest rate on deposits maturing between 180 days to 269 days. The bank pays interest at the rate of 5.50 percent on deposits of 270 days and less than one year.
Deposits with a maturity of one year will earn interest at the rate of 7 percent. Offers an interest rate of 6 percent for fixed deposit tenures between more than one year and less than two years. For FDs maturing between two years and less than three years, the bank has an interest rate of 6.75 percent.The bank will now offer 6.50 percent interest rate for FDs maturing between three years and less than 5 years. For FDs maturing between five years to 10 years, the bank will offer an interest rate of 6 percent.
Senior Citizen FD Rates
Senior Citizen customers will get interest rates ranging from 3 percent to 7.50 percent on tenures ranging from 7 days to 10 years. The highest interest rate offered is 7.50 percent on fixed deposits maturing within one year.
