Bank of India increases Fixed Deposit Rates for 1 year tenor, offering upto 7.65 % for super senior citizens

Mumbai, May 2023: Bank of India, one of the main public sector banks in India, has elevated the rates of interest for a 1-year tenor to 7.00% with impact from twenty sixth May 2023 for retail clients(for lower than Rs 2 crores deposits). Following the revision financial institution presents a charge of curiosity within the vary of 3 % to 7.00 % for regular clients for deposits maturing within the vary of 7 days to 10 years. It offers an rate of interest of 7.50% for senior citizens and 7.65 % for super senior citizens for a deposit interval of 1 year. The revised rates of interest are relevant for home, NRO, and NRE deposits.