BoM increases interest rates on domestic term deposits

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Pune, Jul 24 (UNI) Bank of Maharashtra (BoM) has realigned its interest rates on domestic term deposits to suit the present interest rate environment and to give better and improved returns to its investors.

The depositors will now get interest at 8.00 per cent per annum on deposits for 11 days to less than one year and at 9.50 per cent per annum on deposits for one year to three years.

Senior citizens will get 9.00 per cent per annum interest on deposits for 181 days to less than one year and 10.00 per cent per annum on deposits for one year to three years.

The revised interest rates are applicable from July 28, a BoM release said here today.

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