Bank Of India Increases Fixed Deposit Rates For Various Tenor

Bank of India, on Thursday, said that it has increased rates of fixed deposits for its customers from Rs two crore and above to less than Rs 10 crore in the maturity of 46 days to up to one year with effect from 1 December 2023.

Bank has increased its fixed deposit rates for shorter periods i.e. 46 days to 90 days tenure to 5.25 per cent, for 91 days to 179 days tenure to 6.00 per cent, for 180 days to 210 days tenure to 6.25 per cent for 211 days to less than one year tenure to 6.50 per cent and for one year tenure to 7.25 per cent p.a. The present rate of interest offered by the Bank is competitive, offering a very attractive return for investment from HNIs, small and mid corporates, NRIs and professionally self employed etc.  

With effect from 1st Nov, 23, bank had already increased rate of all deposits for amount of less than Rs two crore for two year tenure. Here, the Bank is offering its highest rate of interest up to 7.90 per cent for super senior citizen, 7.75 per cent for senior citizen and 7.25 per cent for others for 2 Year Term. The revised interest rates are applicable for domestic, NRO and NRE Rupee Term deposits.