Saturday, 02 December 2023 | PNS | DEHRADUN
Bank of India (BOI) informed in a statement issued on Friday that it has increased rates of its fixed deposits for its customers and general people (for Rs two crore and above to less than Rs 10 crores) in maturity of 46 days upto one year with effect from December 1, 2023. The release further stated that BOI had increased its fixed deposit rates for shorter period i.e. 46 days to 90 days’ tenure to 5.25 per cent, for 91 days to 179 days’ tenure to six per cent, for 180 days to 210 days’ tenure to 6.2 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 per annum. The present rate of interest offered by the bank is competitive, offering a return for investment from HNIs, small and medium level corporates, NRIs and professionally self- employed among others, the release said. Besides, the bank had already increased the rate of all deposits for amounts of less than Rs two crore for two years’ tenure with effect from November 1, 2023 as per the release. The bank is offering its highest rate of interest up to 7.90 per cent for super senior citizens, 7.75 per cent for senior citizens and 7.25 per cent for others for a two- year term.
