Bank of India, a government-owned public sector bank, welcomes the New Year with the introduction of a special financial offering known as the “Super Special Fixed Deposit.”
This unique scheme, effective from January 1, 2024, boasts a maturity period of 175 days, presenting a lucrative short-term opportunity with an attractive interest rate of 7.5 percent per annum.
Targeted primarily at High Net Worth Individuals (HNIs) and Corporates, the Mumbai-based bank positions this as a high-yielding avenue for deploying surplus funds in the short term.
The limited-period offer exclusively caters to domestic rupee term deposits within the range of Rs 2 crore to Rs 50 crore, providing a tailored financial solution for those seeking substantial returns on their investments.