Financial Daily from THE HINDU group of publications
Monday, Apr 10, 2006
Financial Daily from THE HINDU group of publications Monday, Apr 10, 2006 |
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Money & Banking
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Fixed Deposits BoI hikes deposit rates Our Bureau
Mumbai , April 9 Bank of India has increased interest rates on deposits of Rs 15 lakh to Rs 1 crore, across different time periods, with effect from April 10. The revised rates on domestic rupee term deposits will be applicable only on fresh deposits and on renewal of maturing deposits, said a press release from the bank. The revised interest rate on deposits of Rs 15 lakh for a period of 46-90 days is 5.25 per cent (4.5 per cent), for 91-179 days the rate is 5.75 per cent (5.25 per cent), for 180-364 days it is 6 per cent (5.5 per cent), for one year to less than two years it is 6.5 per cent (6 per cent), for two to less than three years it is 6.5 per cent (6.25 per cent), for three to less than five years it is 7 per cent (6.5 per cent) and for five years and above, 7 per cent (6.50 per cent).
More Stories on : Fixed Deposits | Interest Rates | Public Sector Banks
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