Kolkata: Bank of India, one of the largest Public Sector Banks in India, has revised interest rates upwards for special term deposit bucket of 444 days with effect from Tuesday for
deposits below Rs 2 crores.
Following the revision, bank offers rate of interest rate of 7.05% in special term deposit bucket of 444 days for general customers. It provides an interest rate of 7.55 % for senior citizens for deposit period of 444 days and 7.25% for tenor of 2 years to below 5 years, according to media statement.
The rates of interest for other term deposits maturing in 7 days to 10 years is in the range of 3 % to 6.75 % for normal customers.
The revised interest rates are applicable for domestic, NRO and NRE deposits.