interest rates
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Investing
Bank of India Offers Up to 8.10% Interest on New Fixed Deposit Scheme
In celebration of the festive season, Bank of India (BOI) has introduced a new 400-day fixed deposit scheme that offers attractive interest rates to various customer segments. This initiative aims to provide customers with a lucrative investment opportunity during the festive period. Here are the key highlights of the new fixed deposit scheme: Attractive Interest Rates: The scheme offers competitive…
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Money
Earn More on Idle Cash: Invest in Liquid and Overnight Funds
Most of us keep money sitting idle in our savings bank accounts, enjoying the convenience of easy access for paying utility bills, credit card bills, and other expenses via debit card or cheque. However, this practice comes with a hidden cost. Savings accounts typically offer interest rates of 3.50-4%, which often fail to keep up with inflation. Consequently, while these…
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