Bank of India (BOI) has changed the interest rate offered on Fixed Deposit (FD) for its customers. This change has been made on FDs of less than Rs 2 crore. After the latest changes, now Bank of India is offering its customers interest rates ranging from 3.00 percent to 6.00 percent on FDs of 7 days to 10 years. This bank is now offering its customers an interest rate of 7% on FDs maturing in 1 year. This new interest rate has been made effective from May 26 itself.
What is the interest rate on FD of Bank of India?
Bank of India (BOI) is now offering 3% interest rate on FDs to its customers on FDs maturing within 7 to 45 days after the latest changes. At the same time, it is offering 4.50 percent interest rate on FDs of 46 days to 179 days. While Bank of India is offering 5% interest on FDs maturing in 180 days to 269 days. Whereas now Bank of India is offering 5.50 percent interest rate to its customers on FD of 270 days.
More than 7 percent interest is available on FD of this period
Bank of India (BOI) is now offering its customers an interest rate of 7 per cent on FDs maturing in 1 year. At the same time, on FDs ranging from one year to two years, this bank is offering an interest rate of 6 percent to its customers. At the same time, this bank is offering an interest rate of 6.75 per cent to its customers on FDs between 2 years and 3 years. While Bank of India is offering an interest rate of 6.50 per cent to its customers on FDs with a tenure of 3 years to less than 5 years. At the same time, Bank of India is currently offering an interest rate of 6% to its customers on FDs with a tenure of 5 years to 10 years.
Senior citizens will get more benefits
Whereas Bank of India (BOI) informed that senior citizens are being given an additional benefit of 25 basis points in addition to the existing 50 basis points on their retail TDs. This bank is now offering an interest rate of 75 bps to its senior customers for 3 years TD.
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