Bank of India raises deposit rate by up to 2.5 per cent
PrintListen to this Article
State-owned Bank of India (BoI) today raised fixed deposit rates on various maturities by up to 2.5 per cent.
The bank increased the interest rate by 250 basis points (2.5 per cent) to 5.50 per cent for term deposits of 31-45 days' tenor. The deposit rate increase is the maximum in this slab, the bank informed the Bombay Stock Exchange (BSE).
For fixed deposits with a tenor between 15-30 days, the new interest rate will be 4.50 per cent against the existing 2.75 per cent, while 46-90 days fixed deposits will attract an interest rate of 5.50 per cent, an increase of 150 basis points. (PTI)
Category : Banking | Comments : 0 | Hits : 435
The Financial Intelligence Unit-India (FIU-IND), in furtherance of the powers conferred upon the Director FIU-IND under Section 13(2)(d) of the Prevention of Money Laundering Act (PMLA), 2002, has imp...
The government on Monday informed the Lok Sabha that all Scheduled Commercial Banks have written off nearly Rs 10.6 lakh crore in the last 5 years, out of which nearly 50 per cent belong to large indu...
The government has cleared the extension of tenure of managing directors of two public sector lenders -- Bank of Maharashtra (BoM) and Central Bank of India. According to sources, Appointments Co...
Comments