Bank of India introduces upgraded financial savings accounts with improved options
Bank of India has upgraded its financial savings accounts for all segments which cowl salaried staff, households, people, youth, and so on. “The financial institution is poised to develop its Savings buyer base with these newly upgraded Savings Accounts which are actually enriched with the best options, concessions & insurance coverage cowl,” mentioned Rajneesh Karnatak, MD & CEO of Bank of India.
Bank of India’s upgraded financial savings accounts featuresGroup Personal Accident Death Insurance Cover which fits as excessive as Rs150 LakhAir unintended insurance coverage of as much as ₹100 lakhConcessional locker facility for Gold & Diamond financial savings account holderFree locker facility Platinum financial savings account holderInternational Debit Cum ATM card with world entry/ acceptanceConcessional charge of curiosity on Retail loansWaiver of processing expenses on Retail Loans Free issuance of Credit CardsLarger utilization limits as much as Rs.5.00 lakh on POS & free issuance of Credit Cards with diversified AQB.
“We are certain that the upgraded Savings Account which now takes superb care of the financial savings, comfort, safety & insurance coverage wants of our prospects together with engaging options within the type of varied concessions,” mentioned Rajneesh Karnatak.
These options are provided to our present in addition to new prospects who’re on-boarded to the Bank from any platform, he added.
Bank of India revises mounted deposit (FD) rates of interest
Bank of India provides an rate of interest of three% to 7.25% on mounted deposits maturing in seven days to 10 years to common residents. These charges are efficient from 1 October 2023, in keeping with the Bank of India’s web site.
“An extra charge of curiosity of 25 bps, over & above the prevailing 50 bps will probably be paid to Senior Citizens on their retail TDs (Less than ₹2 crore) for all of the tenors of three Years & above i.e. 75bps,” the lender noted on its website.
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Updated: 10 Oct 2023, 10:42 AM IST
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