- The “Star Super Triple Seven Fixed Deposit” scheme was launched by the Bank of India (BoI).
- The scheme will offer an interest rate of 7.25% on a 777-day deposit period.
- For senior citizens, the scheme will offer an interest rate of 7.75% on a 777-day deposit period.
- At the launch event, the BoI also announced a raise in the interest rate of its already existing 555-day FD Scheme to 6.30%.
- The bank also raised the interest rates by 25 basis points (0.25%) on other maturities between 180 days and 5 years.
- The Bank of India is a Government of India-owned public sector bank that was established in 1906 with its headquarters in Mumbai. The current CEO and MD of the bank are Atanu Kumar Das.
Question:
Q.1 The Bank of India will provide a rate of interest of ____% on the Star Super Triple Seven Fixed Deposit scheme.a. 7.00
b. 7.25
c. 7.50
d. 7.85
