New Delhi :
Bank of India has recently made changes to its fixed deposit interest rates, offering customers revised rates on select tenures.
According to the information available on the bank’s official website, the changes affect fixed deposits with various tenures, ranging from 7 days to 10 years.
Customers can now enjoy interest rates between 3% to 7.5%, depending on the chosen tenure.
Highest Interest Rate on 400 Days Tenure
Among the revised rates, the bank is offering the highest interest rate for fixed deposits with a tenure of 400 days.
New Interest Rates
The bank has reduced interest rates by 100 basis points (1%) for a tenure of 1 year.
Now, customers will receive a 6% interest rate instead of the previous 7%. For tenures ranging from 7 days to 45 days, the bank is offering an interest rate of 3%.
Meanwhile, customers opting for a tenure of 180 days to 269 days will benefit from a 5% interest rate.
Exciting 7.50% Interest Rate on New 400 Days Tenure
Bank of India is now providing a lucrative 7.50% interest rate for customers who choose the new 400 days tenure for their fixed deposits.
This rate presents an attractive investment opportunity for those seeking a safe option amidst market fluctuations.
Safe Option to Avoid Market Fluctuations
Investing in fixed deposits is a preferred choice for customers who prioritize safety and wish to protect their savings from the unpredictable fluctuations of the market.
By offering revised interest rates on various tenures, Bank of India aims to provide customers with competitive and rewarding options for their fixed deposits.
