Steps to apply for Bank of India Fixed Deposit (FD)
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.
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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.
Stepwise Process to Apply For Bank of India Fixed Deposit Online
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
Stepwise Process To Apply For Bank Of India Fixed Deposit Offline
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
Eligibility
- Any individual can open an FD in his/her capacity as long as the minimum fund criteria is met
- Minors are also eligible to open an FD along with an adult who can act as a legal guardian
Documents Required for Bank of India Fixed Deposit
Identity proof:
- Passport
- Aadhaar card
- PAN card
- Voter ID card
- Driving licence
- Government ID card
- Photo ration card
- Senior citizen ID card
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.
Address proof:
- Passport
- Telephone bill
- Electricity bill
- Bank Statement with Cheque
- Certificate/ ID card issued by Post office
Apply for Other Banks FD
- Apply for SBI FD
- Apply for HDFC FD
- Apply for Axis Bank FD
- Apply for Post Office FD
- Apply for Canara Bank FD
- Apply for IDBI Bank FD
- Apply for Bank of Maharashtra FD
- Apply for Union Bank FD
- Apply for Indian Bank FD
- Apply for Central Bank of India FD
- Apply for IOB FD
- Apply for Abhyudaya Bank FD
- Apply for Oriental Bank FD
- Apply for IndusInd Bank FD
- Apply for Standard Chartered Bank FD
- Apply for Yes Bank FD
- Apply for Kotak Bank FD
- Apply for PNB FD
- Apply for RBL Bank FD
- Apply for HSBC Bank FD
- Apply for Bank of Baroda FD
- Apply for KVB FD
- Apply for Federal Bank FD
FAQs on Bank of India FD Application
- 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.
- 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?
Yes.
- What will happen if an FD is booked without furnishing PAN details?
In such a case:
- TDS exemption forms will be declared void
- TDS will de deducted at a penalty rate of 20%
- TDS credit cannot be availed
- TDS certificate might not be issued
- Are there any charges for opening an FD?
No.
- 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.
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