“Bank Of India Ends 400-Day FD Scheme, Cuts Interest Rates”

Bank of India has stopped its special 400-day fixed deposit (FD) scheme that was offering up to 7.30% interest. Along with this, the bank has also reduced interest rates on other short- and medium-term FDs starting April 15, 2025.

For deposits below ₹3 crore:

• 91 to 179 days: 4.25% interest
• 180 days to less than 1 year: 5.75%
• 1 year: 7.05%
• Above 1 year to 2 years: 6.75%

For deposits between ₹3 crore to less than ₹10 crore:

• 91 to 179 days: 5.75%
• 180 to 210 days: 6.25%
• 211 days to less than 1 year: 6.50%
• 1 year: 7.05%
• Above 1 year to less than 2 years: 6.70%

Senior citizens and super senior citizens will continue to get extra interest:

• Senior Citizens: +0.50%
• Super Senior Citizens: +0.65%
  (on deposits of ₹3 crore and below for FDs of 6 months and above)

#BankOfIndia #FixedDeposit #FDRates #InterestRates #BOIUpdates #FDNews #SeniorCitizens #Savings #InvestmentNews