NEWS & ADVICE : FIXED DEPOSITS
Deposit rates hiked by Bank of India
By Neelima Shankar
Jun 1, 2011
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Public sector lender Bank of India has raised interest rates on fixed deposits in the range of 25-75 bps across different maturities.

Deposits of less than Rs 15 lakh will now attract interest of 4% for tenor of 7-14 days while the 15-30 days deposit would attract interest of 4.5%.

Interest for the 31-45 days as well as 46-90 days deposit would be 5.5%.

For deposits having tenor of 2 years to less than 3 years, the interest is 9% following the revision.

The 1111 days deposit will attract interest of 9%.


 


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