Correct Answer : Bank of India
Bank of India on Tuesday(1st Nov 2022) announced a special fixed deposit scheme -- Star Super Triple Seven Fixed Deposit – wherein they are offering 7.25 per cent rate of interest (7.75 per cent for citizens) on a deposit for 777 days.
This is a limited period offer by the bank, it said in a statement on Tuesday(1st Nov 2022). “When compared to other investment options such as public provident fund, senior citizen savings scheme, national savings certificate, or RBI Bond, Bank of India’s 777-day FD scheme is the most lucrative and a smart investment option,” the bank said.
Apart from the special deposit scheme,
Bank of India has raised interest rate on its existing
555-days fixed deposit scheme to 6.30 per cent. And, on other maturities from
180 days to less than 5 years, it has raised interest rates by
25 basis points..
Source : Business Standard
