<ul data-eligibleForWebStory="false"><li>Bank of India has reduced its savings deposit rate by 25 basis points to 2.5% in line with other banks.</li><li>The bank also lowered the interest rate on green deposits, with a 999-day deposit now earning 6.7% instead of 7%.</li><li>Following the RBI's repo rate cut, various banks including Canara Bank and HDFC have adjusted their Marginal Cost of Funds Based Lending Rates (MCLR) by reducing them.</li><li>HDFC Bank recently adjusted its fixed deposit and savings account interest rates by 25 basis points, with the bank's MCLR ranging between 8.90% and 9.10%.</li></ul>

Bank of India Cuts Savings Deposit Rate

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