The public sector lender Bank of India (BOI) has revised its interest rates on fixed deposits of less than ₹2 Cr. Following the revision the bank is offering interest rates ranging from 3.00% to 6.00% on deposit tenors of 7 days to 10 years. Deposits maturing in 1 year will now fetch a maximum interest rate of 7%. As per the official website of Bank of India (BOI) the new FD rates are effective as of 26.05.2023.
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