• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Our Bureau

MUMBAI, Dec. 17

BANK of India (BoI) has revised interest rates on domestic rupee term deposits of less than Rs 1 crore, downwards by 25-40 basis points, in the maturity buckets of `40 days to 90 days and above'. The new rates will be effective from December 18.

For amounts less than Rs 15 lakh and for a maturity of 46 days to 90 days, the interest rate is now 5 per cent (5.25 per cent).

For a maturity of 91 days to 179 days, the rate is 5.25 per cent (5.50 per cent), for 180 days to 364 days, the rate is 5.50 (5.75 per cent), one year to less than three years, the rate is 6 per cent (6.25 per cent), three years to less than five years, the rate is 6.25 per cent (6.50 per cent), for five years and above, the rate is 6.35 per cent (6.75 per cent).

For amounts above Rs 15 lakh, but less than Rs one crore, the rate for maturity of 46 days to 90 days is 5 per cent (5.25 per cent), for 91 days to 179 days 5.25 per cent (5.50 per cent), for 180 days to 364 days, the rate is 5.50 per cent (5.75 per cent), for 180 days to 364 days, the rate is 5.50 per cent (5.75 per cent), for one year to less than three years, the rate is 6 per cent (6.25 per cent), for three years to less than five years, the rate is 6.25 per cent (6.50 per cent). For five years and above, the rate is 6.35 per cent (6.75 per cent).

Send this article to Friends by E-Mail
Comment on this article to BLFeedback@thehindu.co.in

Stories in this Section
`Cheaper loans vital for farm sector'

Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line