Mumbai, April 01, 2023: Bank of India, one of the largest Public Sector Banks in
India, has revised interest rates upwards for special term deposit scheme viz. “Shubh
Arambh Deposit” for 501 days with effect from 01st April, 2023 for deposits below
Rs 2 crores. Bank is offering additional 0.15% to super senior citizens (80 years and
above) across buckets of 6 months to 10 years. Following the revision, bank offers
rate of interest rate of 7.80% in limited period special scheme to super senior citizen
customers . It provides an interest rate of 7.15 % for general customers and 7.65%
for other senior citizen customers in the special scheme. The rates of interest for
other term deposits maturing in 7 days to 10 years is in the range of 3 % to 6.75 %
for normal customers and upto 7.40% for super senior citizens. The revised interest
rates are applicable for domestic, NRO and NRE deposits.
