Bank of India has changed the interest rates on fixed deposits. The bank has changed the interest rate on tenures ranging from 1 year to 10 years. The new interest rates will be applicable on interest rates up to Rs 25 crore.
How much has been changed in interest rates?
Let us tell you that the highest rate is being given by Bank of India on fixed deposits of 400-day FD plan. Customers are getting the benefit of 7.45% interest rate on tenure of 400 days. On the same tenure, senior citizens are getting the benefit of 7.95% interest rate and super senior citizens, whose age is more than 80 years, are getting the benefit of 8.15% interest rate.
The new interest rate has come into effect from 27 September 2024. This interest rate is 6.95% interest rate on 1 year tenure, 6.95% interest rate on tenure above 1 year and less than 2 years, 7.45% interest rate on 400 days tenure, 6.95% interest rate on 2 year tenure, above 2 years And the benefit of interest rate is 6.90% on tenure of less than 3 years and 6.65% on tenure of 3 years.