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Bank of India, one of the leading public sector banks in India, has increased rates of its fixed deposits for its customers & general public *(for Rs 2 Crs & above to less than Rs.10 Crs)* in maturity of “46 days to up to 1 Year” with effect from 1st Dec, 2023.

Bank has increased its fixed deposit rates for shorter period i.e. “46 days to 90 days” tenure to *5.25%, *for “91 days to 179 days” tenure to *6.00%, *for “180 days to 210 days” tenure to *6.25%, *for “211 days to less than 1 Year” tenure to *6.50% *and for *“1 Year”* tenure to *7.25%* p.a. The present rate of interest offered by the Bank is competitive, offering a very attractive return for investment from HNIs, Small & Mid Corporates, NRIs & Professionally Self Employed etc.

With effect from 1st Nov, 23, bank had already increased rate of all deposits for amount of *“Less than Rs.2 Crs”* for 2 Year tenure. Here, Bank is offering its highest rate of interest up to *7.90%* for super senior citizen, *7.75%* for senior citizen and *7.25% for others *for 2 Year Term. The revised interest rates are applicable for domestic, NRO and NRE Rupee Term deposits.