Bank of India introduces 2 tier saving bank rate

Bank of India introduces 2 tier saving bank rate

24/08/2017 12:45

Bank of India said that it has introduced a 2 tier saving bank rate with effect from August 24, 2017.

The interest rate on balance up to Rs 50 lakh will be at 3.5 per cent and the interest rate on balance above Rs 50 lakh will be at 4 per cent, the Bank said in a filing to the Bombay Stock Exchange.

Bank of India offers wide range of services such as Personal banking, Corporate, Rural, MSME, Retail, NRI services, Cards/ATM etc.

Meanwhile, shares of the Bank were trading at Rs 142.45 apiece, down 0.84 per cent from the previous close at 12:50 hours on BSE.

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