Bank of India FD interest rates 2023: BoI raises rates up to 7.65 % - Check new rate for fixed deposits, NRE accounts, maturity period, tenure
Bank of Indias net profit for the last quarter ending in March 2023 went up by 123 per cent YoY.
Bank of India Fixed Deposit interest rates 2023: Bank of India, one of the leading public sector banks in India, has increased the interest rates for a 1-year tenure to 7 % with effect from May 26, for retail customers, for accounts having less than Rs 2 crores deposits. Following the revision bank offers a rate of interest in the range of 3 % to 7 % for general customers for deposits maturing in the range of 7 days to 10 years. However, the bank is providing even more lucrative rates of interest for senior citizens.
The bank will be providing an interest rate of 7.50% for senior citizens and 7.65 % for super senior citizens for a deposit period of 1 year. The revised interest rates are applicable for domestic, NRO, and NRE deposits, the bank stated.
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