Bank of India cuts savings a/c deposit rate to 2.5%
MUMBAI: State-owned Bank of India on Monday reduced its savings deposit rate by 0.25% or 25 basis points to 2.5%, in line with similar moves by peers.
The lender also reduced the interest rate on green deposits, and pointed out that a 999-day deposit will earn 6.7% now against 7% earlier, according to a statement.
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