New Delhi, May 18 -- Bank of India (BOI), India's leading public sector bank, has increased interest rates on medium and long-term fixed deposits of less than Rs 3 crore for tenures ranging from 1 to 3 years, effective from today, a BOI statement said here on Monday.
"The revised rates for 1-year to less than 2 years are 6.50% per annum (PA), for 2 years to less than 3 years are 6.60% per annum (PA), and for 3 years are 6.70% per annum (PA)," the statement said.
Senior and super senior citizens will get an additional interest of 0.50 percent and 0.65 percent per annum for deposits with a maturity of 6 months to less than 3 years.
Published by HT Digital Content Services with permission from United News of India....