Bank of India hikes rates of interest on these particular mounted deposits (FDs)

Mumbai: The public sector lender Bank of India (BOI), has revised rates of interest upwards for particular time period deposit bucket of 444 days with impact from tenth January, 2023 for deposits under ₹2 crores.

Following the revision, financial institution provides fee of rate of interest of seven.05% in particular time period deposit bucket of 444 days for basic prospects. It supplies an rate of interest of seven.55 % for senior residents for deposit interval of 444 days and seven.25% for tenor of two years to under 5 years. 

The charges of curiosity for different time period deposits maturing in 7 days to 10 years is within the vary of three % to six.75 % for regular prospects. The revised rates of interest are relevant for home, NRO and NRE deposits.

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