Bank of India revises FD interest rates: Offers highest fixed deposit interest rate of 7.95% to these investors

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For senior citizens, the bank offers interest rates between 3% to 7.80% for tenure ranging from 7 days to 10 years. For super senior citizens, the bank offers highest interest rate of 7.95%.

Latest FD rates

Bank has hiked its rate for fixed deposits amounting to less than Rs.3 Crore and now offering 6.00% for 180 days to less than 1 year. Further, Bank has also hiked its rate for fixed deposits amounting Rs.3 Crore to less than Rs.10 Crore and now offering 6.50% for 180 days to 210 days and 6.75% for 211 days to less than 1 year.

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According to the press release, “Additional rate of interest of 0.65% on deposits of Super Senior Citizens and 0.50% on deposits of Senior Citizens below Rs. 3 Crore is offered for Fixed Deposits with maturity period of 6 months & above. Bank has continued its “666 Days — Fixed Deposit”, offering the best interest rate of 7.30% for customers & general public. Super Senior Citizen will get 7.95% p.a, Senior Citizen will get 7.80% p.a. under our 666 Days Fixed Deposit.”

MATURITY (FOR NRE RUPEE TERM DEPOSITS,
FOR DEPOSITS OF LESS THAN RS.3 CRFOR DEPOSITS OF RS.3 CR & ABOVE BUT LESS THAN RS.10 CRSMIN. TENOR IS 1 YEAR AND MAX. 10 YEARS)REVISED W.E.F 01.08.2024REVISED W.E.F 01.08.20247 days to 14 days34.515 days to 30 days34.531 days to 45 days34.546 days to 90 days4.55.2591 days to 179 days4.56180 days to 210 days66.5211 days Read more on economictimes.indiatimes.com