BOI HIKES DEPOSIT RATES BY 25-75 BPS

Bank of India has raised interest rates by 25-75 basis points on fixed deposits of select maturities with immediate effect.

For deposits of less than Rs 15 lakh, having maturity of 7-14 days, the revised rate is 4 per cent (2.5 per cent); 15-30 days, 4.5 per cent (2.75 per cent); 31- 45 days, 5.5 per cent (3 per cent); and 46-90 days, 5.5 per cent (4 per cent).

For deposits of two years to less than three years, the revised rate is 9 per cent (8.25 per cent); three years to less than five years, 8.5 per cent (7.75 per cent); 1,111 days fixed, 9 per cent (8.25 per cent); and five years to less than eight years, 8.75 per cent (8.5 per cent)

SOURCE: http://www.thehindubusinessline.com/industry-and-economy/banking/article2065373.ece