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  3. Bank of India increases Fixed Deposit Rates across all Maturities
Business

Bank of India increases Fixed Deposit Rates across all Maturities

 Bank of India increases Fixed Deposit Rates across all Maturities

Mumbai, December 21, 2022: Bank of India, one of the largest Public Sector Banks in India, has revised interest rates upwards for all tenors with effect from 16th December, 2022 for deposits below Rs 2 crores. Following the revision bank offers rate of interest in the range of 3 % to 6.75 % for normal customers for deposits maturing in 7 days to 10 years. It provides an interest rate of 7.25 % for senior citizens for deposit period of 444 days and for tenor of 2 years to below 3 years. The revised interest rates are applicable for domestic, NRO and NRE deposits.Bank has also increased its FCNR deposit interest rates to up to 5.00% p.a.

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