Bank of India cuts interest to 3.5% for deposits up to Rs 50 lakh

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BOI said clients keeping up investment funds bank adjust up to Rs 50 lakh will get 3.5 for every penny while those keeping up above Rs 50 lakh will keep on earning an enthusiasm of 4 for each penny for every annum.

Open loan specialist Bank of India has lessened financing cost on investment funds ledgers by 50 premise focuses to 3.5 for each penny on stores of up to Rs 50 lakh.

Be that as it may, the bank will keep on paying 4 for every penny enthusiasm on stores of above Rs 50 lakh.

“The bank is presenting two level sparing bank rate with impact from today,” Bank of India said in an administrative documenting today.

BOI said clients keeping up investment funds bank adjust up to Rs 50 lakh will get 3.5 for each penny while those keeping up above Rs 50 lakh will keep on earning an enthusiasm of 4 for every penny for each annum.

On July 31, SBI cut loan cost on bank account stores by 50 premise focuses to 3.5 for every penny on adjust of Rs 1 crore and beneath. Different loan specialists, including private ones, for example, HDFC Bank and Axis bank, have gone with the same pattern.

Not long ago, Axis Bank had lessened loan cost on investment funds financial balances by 50 premise focuses to 3.5 for each penny for stores up to Rs 50 lakh.

Another PSU loan specialist, Bank of Baroda had sliced the rate to 3.5 for each penny on stores of up to Rs 50 lakh. Karnataka Bank too has changed the rate on investment funds financial balances.

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