Bank of India gave New Year gift to customers, increased interest on 175 day FD

[ad_1]

Bank of India (B.O.I.) has given a big New Year gift to its customers. The bank introduced a new bulk deposit scheme. In this, 7.50 percent interest will be given on deposits of Rs 2 crore and above for 175 days.

Till now BOI was giving six percent interest on depositing the same amount for 174 days. The new rate has come into effect from January 1.

The bank said in the statement that the new interest rate ranges from Rs 2 crore to deposits less than Rs 50 crore. The special fixed deposit is only for deposits in Rs. This offer is for a limited period. The new rate has come into effect from January 1.

Private sector DCB Bank has announced ‘Happy Savings Account’. DCB Bank said in a statement that under this, account holders will get ‘cashback’ on transacting through UPI within the country.

Before the New Year, Bank of Baroda (BOB) has increased the interest rates on fixed deposits (FD) of various tenures by 1.25 percent. BOB said in a statement that the interest rate on fixed deposits of various tenures up to Rs 2 crore has been increased from 0.01 percent to 1.25 percent.

According to the statement, the maximum increase of 1.25 percent has been made in the period of 7-14 days. The interest rate for these deposits has been increased from three percent to 4.25 percent. After this, the interest rate has been increased by one percent to 4.50 percent for the full period of 15-45 days.

Also read.

[ad_2]

Source link