New Delhi, Nov. 2 -- Bank of India (BoI) has revised its fixed deposit (FD) interest rates, offering higher returns to investors across select maturities. The public sector lender has increased interest rates on deposits with tenures ranging from 1 to 3 years and introduced a new special fixed deposit scheme called Star Akshay.

The revised interest rates came into effect on November 2, following the Reserve Bank of India's (RBI) repo rate hike. The latest revision is expected to benefit depositors looking to lock in their savings at higher interest rates.

The bank has also announced different interest rates for general customers, senior citizens and super senior citizens under its new special deposit scheme.

Under the newly launched St...