All the country's banks are increasing the interest rates on FDs.
Meanwhile, the Bank of India has increased the interest rates on Fixed Deposits with one year tenure.
Bank of India is offering a 7.65 percent interest rate to super senior citizens on one-year Fixed Deposits (FD).
Let us know the Bank of India's latest Fixed Deposits Interest Rates for 2023.
For 1 year Interest Rates for Regular Citizens: 7.00% p.a. Interest Rates for Senior Citizens: 7.50% p.a.
For 2 year Interest Rates for Regular Citizens: 6.75% p.a. Interest Rates for Senior Citizens:7.25% p.a.
For 3 year Interest Rates for Regular Citizens: 6.50% p.a. Interest Rates for Senior Citizens: 7.25% p.a.
For 4 year Interest Rates for Regular Citizens: 6.50% p.a. Interest Rates for Senior Citizens: 7.25% p.a.
For 5 year Interest Rates for Regular Citizens: 6.00% p.a. Interest Rates for Senior Citizens: 6.75% p.a.
Currently, these FD rates are applicable for new deposits and renewal fixed deposits from May 26, 2023.