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Bank of India reduces rates on short and medium-term FDs
Financial Express Delhi
|April 13, 2025
BANK OF INDIA (BoI) has withdrawn its special fixed deposit scheme for 400 days, where the interest rate was at a maximum of 7.3%, and has reduced interest rates on its short-term and medium-term fixed deposits for select tenors with effect from April 15.
The decision came on Saturday after the Reserve Bank of India (RBI) cut the policy repo rate by another 25 basis points (bps) to 6% on Wednesday.
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