Bank of India revises interest rates on fixed deposits for different tenors: Check new rates here

Bank Customer’s Alert: Bank of India on Thursday revised interest rates on fixed deposits (FDs) of various tenors. The bank said that these interest rates will be applicable from today itself. The bank’s move comes after several other banks increased their interest rates on FDs following the RBI’s decision to hike the repo rate to […]
 


Bank of India revises interest rates on fixed deposits for different tenors: Check new rates here

Bank Customer’s Alert: Bank of India on Thursday revised interest rates on fixed deposits (FDs) of various tenors. The bank said that these interest rates will be applicable from today itself. The bank’s move comes after several other banks increased their interest rates on FDs following the RBI’s decision to hike the repo rate to control inflation.

The bank said in a statement that it will offer interest rates in the range of 2.85 per cent to 5.50 per cent. The bank also introduced a 444-day fixed deposit scheme with an interest rate of 5.50% per annum. In this scheme senior citizens will get an additional interest of 0.50% per annum.

Other banks with recently revised interest rates include ICICI Bank, Kotak Mahindra Bank, HDFC Bank and Punjab National Bank.

Bank of India said in a statement that it will offer 5.30 per cent interest rate on FDs of 1 year to 443 days. The new rate on deposits for 444 days is 5.50 per cent; 5.40 per cent on the period from 445 days to less than 3 years.

Revised FD interest rates of Bank of India:

  • 7 days to 14 days: For general public – 2.85 percent; For Senior Citizens – 3.35 percent
  • 15 days to 30 days: For general public – 2.85 percent; For Senior Citizens – 3.35 percent
  • 31 days to 45 days: For general public – 2.85 percent; For Senior Citizens – 3.35 percent
  • 46 days to 60 days: For general public – 3.85 percent; For senior citizens – 4.35 percent
  • 61 days to 90 days: For general public – 3.85 percent; For senior citizens – 4.35 percent
  • 91 days to 179 days: For general public – 3.85 percent; For senior citizens – 4.35 percent
  • 180 days to 269 days: For general public – 4.35 percent; For senior citizens – 4.85 percent
  • 270 days to less than 1 year: For general public – 4.35 percent; For senior citizens – 4.85 percent
  • 1 year to 443 days: For general public – 5.30 percent; For Senior Citizens – 5.80 percent
  • 444 days: For general public – 5.40 percent; For Senior Citizens – 5.90 percent
  • 445 days to less than 2 years: For general public – 5.40 percent; For Senior Citizens – 5.90 percent
  • Two years to less than three years: For general public – 5.40 percent; For Senior Citizens – 5.90 percent
  • Three years to less than 5 years: For general public – 5.35 percent; For senior citizens – 5.85 percent
  • Five years to less than 8 years: For general public – 5.35 per cent; For senior citizens – 5.85 percent
  • Eight years and up to 10 years: For general public – 5.35 percent; For senior citizens – 5.85 percent.