Fixed deposit interest rates are subject to change from time to time.Bank of India has revised its fixed deposit (FD) interest rates.
According to the latest Bank of India FD rates, the bank is offering 4.25 per cent interest rate on maturity period of 7-14 days to the general public on FDs belowRs 2 crore.
On maturity periods such as 31-45 days and 46-60 days, the bank is offering an interest rate of 4.25 per cent and 5.50 per cent respectively to the general public.On fixed deposits of a one-year maturity period, the bank is offering interest at the rateof 6.5 per cent on fixed deposits below Rs 2 crore to the general public.
(SBI Offers Repo-Linked Home Loan Starting At 8.05% Interest Rate )Maturity BucketsDeposits less than Rs 2 crore7 days to 14 days4.2515 days to 30 days4.2531 days to 45 days4.2546 days to 90 days5.591 days to 179 days5.75180 days to 269 days6270 days to less than 1 year61 Year - above but less than 2 Yrs6.52 years - above to less than 3 years6.53 years - above to less than 5 years6.55 years - above to less than 8 years6.58 years - above to 10 years6.35Fixed deposit interest rates are subject to change from time to time.
Last month, State Bank of India (SBI) reduced its FD rates by 10-50 basis points (or 0.10-0.50 percentage point) across tenors in retail segment and bulk segment saw a reduction of 30-70 basis points (or 0.30-0.70 percentage point).HDFC Bank and Punjab National Bank (PNB) alsorevised its fixed deposit (FD) interest rates recently.Get Breaking news, live coverage, and Latest News from India and around the world on TheIndianSubcontinent.com.
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