365Telugu.com online news,Mumbai, July 7, 2025: Bank of India, a leading public sector bank, has announced a rationalization of interest rates on its Green Deposit and Savings Deposit products, effective July 7, 2025. This adjustment aims to align deposit rates with current market dynamics, facilitate the transmission of policy rates, and maintain balance between deposit and lending rates.
Following the recent revision of the repo rate, the interest rate on Bank of India’s Green Deposit has been revised from 7.00% per annum to 6.70% per annum for a tenure of 999 days on deposits ranging from ₹1 lakh to less than ₹10 crore.
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Additionally, the bank has reduced its savings deposit rate for balances up to ₹1 lakh from 2.75% per annum to 2.50% per annum. All other savings deposit rates remain unchanged.