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Public sector lender Bank of India (BoI) has revised interest rates on fixed deposits (FDs) which are less than ₹2 crore effectively 10 September 2019. This is the second revision in a span of 10 days. Earlier, the bank had changed the interest rates on term deposits on 1 September. After RBI’s August repo rate cut, banks are tweaking FD interest rates on a regular basis. SBI has cut the retail term deposit rates by up to 20-25 bps across tenors, and the bulk term deposit rates by up to 10-20 bps across tenors effective 10th September.
Read more – https://www.livemint.com/money/personal-finance/bank-of-india-cuts-fixed-deposit-rates-twice-in-10-days-latest-fd-rates-here-1568345029456.html
