Bank of India is one of the main government sector banks in India. has overseas presence in 18 foreign countries spread over 5 continents – with 52 offices including 4 Subsidiaries. BOI is one of the 4 banks which have been decided to be privatized by Government of India . Bank of India offers Term Deposit to its customers with different rates. Bank of India Fixed Deposit Rates starts from 3.25 % per annum to maximum 5.30 % per annum . You can also book your fixed deposit online. You need to have internet banking facility for FD booking.
BOI FD Interest Rates
Bank of India Deposit Rates Domestic/ NRO/NRE (Below 2 Crore to less than 10 Crore)
|Period||Deposit less than 2 Crore||Deposit less than 2 Crore(Senior Citizen)||Rs.2 Crore & above but less than Rs.10 Crore|
|7 Days to 14 Days||3.25 %*||3.75 %||3.00 %|
|15 Days to 30 Days||3.25 %||3.75 %||3.00 %|
|31 Days to 45 Days||3.25 %||3.75 %||3.00 %|
|46 Days to 90 Days||4.25 %||4.75 %||3.20 %|
|91 Days to 179 Days||4.25 %||4.75 %||3.25 %|
|180 Days to 269 Days||4.75 %||5.25 %||3.25 %|
|270 Days to less than 1 year||4.75 %||5.25 %||3.25 %|
|1 Year and above but less than 2 Years||5.25 %||5.75 %||3.50 %|
|2 years and above to less than 3 years||5.30 %||5.80 %||3.50 %|
|3 years and above to less than 5 years||5.30 %||5.80 %||3.50 %|
|5 years and above to less than 8 years||5.30 %||5.80 %||3.50 %|
|8 years and above to 10 years||5.30 %||5.80 %||3.50 %|
Bank of India Deposit Rates Domestic/ NRO/NRE (10 Crore and above)
|Period||For deposit of Rs 10 crore and above|
|7 Days to 14 Days||2.75 %|
|15 Days to 30 Days||2.75 %|
|31 Days to 45 Days||2.75 %|
|46 Days to 90 Days||2.75 %|
|91 Days to 120 Days||2.75 %|
|121 Days to 179 Days||2.75 %|
|180 Days to 269 Days||2.90 %|
|270 days to less than 1 year||2.90 %|
|1 Year||3.00 %|
|1 Year & above but less than 2 Yrs||3.00 %|
|2 years & above but less than 3 years||3.00 %|
|3 years & to less than 5 years||3.00 %|
|5 years & to less than 8 years||3.00 %|
|8 years & above to 10 years||3.00 %|
BOI Senior Citizen Scheme
Bank of India Senior Citizen FD Rates
BOI Fixed Deposit Features
1 Bank is offering fixed deposit from 7 days to 10 Years.
2 Bank of India Fixed Deposit Rates start from minimum 3.25 % per annum and maximum 5.30% per annum.
3 Senior citizen will get 0.5 % extra on fixed deposit.
4 Depositor can also avail nomination facility in fixed deposit.
5 BOI also gives auto renewal option in fixed deposit.
6 Pre mature closure or partial withdrawal facility is also available .
7 BOI FD premature withdrawal penalty is 1%.This means if you committed to keep the FD for two years, but had to withdraw it after 1 Year, then bank will impose a penalty. Even, partial withdrawals attract penalty. This will be 1% of the applicable interest rate.
BANK Of India NRE FD Rates
BOI NRI Interest rates are available for Non Resident Indian or citizen of Indian origin . NRE fd is booked for minimum 1 year. No interest is paid if the NRE Deposit is withdrawn before 1 year.
There is no penalty on pre mature closure of NRE Fixed Deposit.
Partial or pre mature withdrawal and sweep- in facility is not allowed fd booked for 5 Crore and above.
Bank Of India Tax Saver FD
BOI offers Tax Saver FD for resident individuals and HUF.
Minimum amount is INR 100 and in multiples of INR 100 and Maximum amount is Rs. 1.5 Lakh in a financial Year.
Bank of India Tax Saving fd is book for 5 year (lock in)
This FD can be booked with Monthly or quarterly payout.
In case of joint holder deposit account, tax benefit is given to first holder of the account under 80C.
Bank of India FD Interest Rate Today
We have given latest FD information above about Bank of India Fixed Deposit Interest Rate. To know the latest BOI FD Interest Rate , You can also visit the bank website.
Bank of India FD Calculator
You can calculate deposit rates in BOI FD Calculator . This will help you to decide the amount and tenure for your Bank of India FD.
Bank of India Saving Account Interest Rate
Bank of India gives 2.90 % interest per annum on saving account deposit.