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BhOB raises deposit rates

CHENNAI: Bharat Overseas Bank (BhOB) has increased the deposit rates with effect from August 4. For deposits of one year to less than two years, the rate now is 7.75 per cent against 7.25 per cent earlier, for two years to less than three years, it is 7.75 per cent (7.50 per cent), and for three years and above, the bank offers 8 per cent interest against 7.75 per cent earlier. For senior citizens, for deposits of three years and above, the rate is 8.50 per cent, says a bank release.

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BhOB raises deposit rates

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