Monday, 8 April 2013

Bank of Baroda reduces DEPOSITS RATE

Nationalised Bank BOB reduces deposites rate from 0.15 to 0.25% due to Inflation.
According to this deposit rate for 1111 days is reduced from 9.15% to 8.90%.
And also Three yrs deposit rate is also reduced from 9% to 8.75%. 
This reduced rate came to existance from 5th April.

This is due to increased deposit savings than loan amount resulted in Inflation.

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