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Bank of India has hikes the interest rates on domestic term

Bank of India has hikes the interest rates on domestic term deposits between 25-60 basis points, with effect from July 2, 2008.

01 Jul 2008

Bank of India has hikes the interest rates on domestic term deposits between 25-60 basis points, with effect from July 2, 2008.

The bank had raised its benchmark prime lending rate by 50 basis points to 13.25, on Monday.

The revised interest rate for 180 days to 269 days is 7.5 per cent from previous 7.25 per cent 270 days to 364 days it is 7.75 per cent from previous 7.25 per cent, one year to less than three years 9.25 per cent from 8.85 per cent, three years and above 9.5 per cent from previous 8.9 per cent.



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