Bank of India Public Sector lender Bank of India launched 444 days term deposit scheme on June 23, 2022 with a rate of interest of 5.50 percent per annum.
This special term deposit scheme is launched on account of the bank’s ensuing 117th Foundation Day to be celebrated on Sept 7, 2022, with an intent to reaffirm its commitment to pass on the benefits of policy rate changes towards its customers & general public, the bank said in a statement.
This offer shall be valid for a limited period only and the same is available at Bank of India’s all Branches/ Online platforms viz. Internet Banking/ BOI Mobile App, it said.
On this very special term deposit, senior citizens will also get additional interest of 0.50 percent p.a, it added.
Bank of India said it has also hiked ROI up to 40 bps on term deposits of various maturity periods.
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