NEWS & ADVICE : FIXED DEPOSITS
Fixed deposit rates hiked by BoI
By Neelima Shankar
Mar 9, 2011
Print    Email    RSS   

Public sector lender, Bank of India has increased interest rates of fixed deposits by as much as 75 bps on selected maturities. The revised rates will come into effect from tomorrow, March 10, 2011.

In case of deposits less than Rs 1 crore, those having maturity in the range of 91-179 days will fetch the borrower an interest of 7%.

The 270 days to less than 1 year deposit will now bear interest of 8%, a 50 bps rise while deposits of tenor 1-2 years will have interest of 9%.

The rate hike follows the policy rate hike by Reserve Bank of India in the last review of monetary policy.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
FDs or Equity? Which suits you best?
Carnival of Indian Personal Finance Blogs #1
Things you should know while filing income...
For what purpose do you want to invest in...
Should you preclose your current FD for...


[[LOVE]] MARRIAGE E [[LOVE]] MARRIAGE E x p e r T((...
vashikaran specialist in usa (((+919636761134)))
[[LOVE]] MARRIAGE E x p e r T(( +91-9799005597))...
Waalk~Escoℛt In Mohali Giℛℒ O9855660911...
~Hi-Class~ Escort Service in Chandigarh O9988299661...
❤KUNAL=O9988299661 ❤ GirLs service in ShimLa,...

NEWS THIS WEEK
Federal Bank launched V connect for its customers Feb 12, 2015
Andhra Bank on expansion mode Feb 11, 2015
Dena Bank earned a profit of 13%. Feb 9, 2015
Banks expected to cut down the rates Feb 5, 2015
RBI kept the rates unchanged Feb 4, 2015
News Archive