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%.