Another government bank reduced FD interest rates, closed special FD scheme, know the new interest rates

Bank of India has cut its FD interest rates by 0.25 percent. These new interest rates will come into effect from April 15, 2025. Along with this, Bank of India has also closed its special FD with a duration of 400 days.

The big government and private banks of the country are cutting the interest rates of FD at this time. This cut is being done after the RBI cut the repo rate. Actually, recently RBI had cut the repo rate by 0.25 percent, after which all the banks are also cutting the interest rates. Now the government bank of the country BOI i.e. Bank of India has cut its FD interest rates. Let's know.

Bank of India cuts FD

Bank of India has cut its FD interest rates by 0.25 percent. This new interest rate will come into effect from 15 April 2025. Along with this, Bank of India has also discontinued its special FD of 400 days duration, in which people were getting a return of 7.30 percent interest rate.

New interest rates of FD of Bank of India

FD of 91 days to 179 days duration of Bank of India is now getting a return of 4.25 percent interest rate. At the same time, the new interest rates of FD of 180 days to 1 year duration of Bank of India have become 5.75 percent. Apart from this, the bank has cut 0.20 percent in FD of 1 year duration, after which the new interest rates are 6.80 percent. The bank has cut 0.5 percent in FD of more than 1 year and less than 2 years duration, after which the new interest rates are 6.75 percent.