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Bank of India was incorporated in 1906 and provides a wide range of banking and financial services across all branches in the country. They offer many types of fixed deposit (FD) options that comes with flexible tenure ranges, different interest payout options and attractive interest rates. To open an FD with Bank of India one can log on to the internet banking portal or visit the nearest branch of the bank. Some of the FD options available with Bank of India are fixed or short-term deposits, quarterly or monthly term deposits and double term deposits.
Step 1: Visit the Bank of India website and login to the internet banking portal by providing username and password
Step 2: Go to the ‘Fixed Deposit’ tab
Step 3: Fill in all relevant details
Step 4: Verify the details and click confirm
Step 5: A confirmation message will be displayed on screen
Step 1: Make a visit to the concerned Bank of India branch
Step 2: Ask for a FD application form and fill it with all relevant details
Step 3: Make all document submissions
Step 4: Deposit the money
Step 5: Collect the FD receipt
How can a new customer who does not hold an account apply for an FD online?
Only existing customers can purchase an FD online through their existing bank account through internet banking. New/prospective customers who are opening an FD for the first time will have to visit the bank and then request for an internet banking username and password.
Is PAN card a must to apply for a Bank of India FD?
What will happen if an FD is booked without furnishing PAN details?
In such a case:
Are there any charges for opening an FD?
Is it possible to close an FD account online?
One can close an FD online through internet or mobile banking without any hassle. This can also be done in case of premature withdrawals.
What are the compulsory documents that a customer has to furnish at any cost for an FD?
It is mandatory to provide PAN, mobile number and Aadhaar card details, without which an FD cannot be opened.