Bank of India FD Calculator - 2025
Bank of India (BOI) was founded in the year 1906. A fixed deposit account with BOI can serve as a great resource during a cash crunch. BOI FD comes with many benefits like flexible tenure, high returns and competitive interest rates.
Process to Use the Bank of India FD Calculator
As an investor, it is important that you calculate the maturity amount you will be entitled to. The BOI FD calculator is an efficient online tool you can use to calculate the exact accrued amount when the tenure ends.
To use the Bank of India FD Calculator, follow these simple steps.
- Step 1: Visit the FD Calculator page.
- Step 2: Use the slider to input the FD deposit amount, rate of interest and tenure.
- Step 3: Next, choose the type of deposit you prefer.
- Step 4: The maturity value will be calculated and displayed.
Bank of India Interest Rates
Callable Domestic or NRO Term Deposits of Less Than Rs. 3 Crore
Tenure | Rate of Interest for General Public | Rate of Interest for Senior Citizens |
7 days to 14 days | 3.00% p.a. | 3.00%% p.a. |
15 days to 30 days | 3.00% p.a. | 3.00% p.a. |
31 days to 45 days | 3.00% p.a. | 3.00% p.a. |
46 days to 90 days | 4.50% p.a. | 4.50% p.a. |
91 days to 179 days | 4.25% p.a. | 4.25% p.a. |
180 days to 210 days | 5.75% p.a. | 6.25% p.a. |
211 days to 269 days | 5.75% p.a. | 6.25% p.a. |
270 days to less than 1 year | 5.75% p.a. | 6.25% p.a. |
1 year | 7.05% p.a. | 7.55% p.a. |
Above 1 year to less than 2 years (except 400 days) | 6.75% p.a. | 7.25% p.a. |
2 years | 6.75% p.a. | 7.25% p.a. |
Above 2 years to less than 3 years | 6.75% p.a. | 7.25% p.a. |
3 years to less than 5 years | 6.50% p.a. | 7.25% p.a. |
5 years to less than 8 years | 6.00% p.a. | 6.75% p.a. |
8 years and above to 10 years | 6.00% p.a. | 6.75% p.a. |
The interest rates are applicable w.e.f. 15 April 2025.
Callable Domestic or NRO Term Deposits of Rs. 3 Crore and More to Less Than Rs. 10 Crore
Tenure | Rate of Interest for General Public |
7 days to 14 days | 4.50% p.a. |
15 days to 30 days | 4.50% p.a. |
31 days to 45 days | 4.50% p.a. |
46 days to 90 days | 5.25% p.a. |
91 days to 179 days | 5.75% p.a. |
180 days to 210 days | 6.25% p.a. |
211 days to 269 days | 6.50% p.a. |
270 days to less than 1 year | 6.50% p.a. |
1 year | 7.05% p.a. |
Above 1 year to less than 2 years (except 400 days) | 6.70% p.a. |
2 years | 6.50% p.a. |
Above 2 years to less than 3 years | 6.50% p.a. |
3 years to less than 5 years | 6.00% p.a. |
5 years to less than 8 years | 6.00% p.a. |
8 years and above to 10 years | 6.00% p.a. |
The interest rates are applicable w.e.f. 15 April 2025.
Non-callable Domestic or NRO Term Deposits of Less Than Rs. 3 Crore
Tenure | Rate of Interest for General Public | Rate of Interest for Senior Citizens |
1 year | 7.20% p.a. | 7.70% p.a. |
Above 1 year to less than 2 years | 6.90% p.a. | 7.40% p.a. |
2 years | 6.90% p.a. | 7.40% p.a. |
Above 2 years to less than 3 years | 6.90% p.a. | 7.40% p.a. |
3 years | 6.65% p.a. | 7.40% p.a. |
The interest rates are applicable w.e.f. 15 April 2025.
Non-callable Domestic or NRO Term Deposits of Rs. 3 Crore and More to Less Than Rs. 10 Crore
Tenure | Rate of Interest for General Public |
1 year | 7.20% p.a. |
Above 1 year to less than 2 years | 6.85% p.a. |
2 years | 6.65% p.a. |
Above 2 years to less than 3 years | 6.65% p.a. |
3 years | 6.15% p.a. |
The interest rates are applicable w.e.f. 15 April 2025.
Callable Deposits: Rs. 10 Crore to Rs. 25 Crore and Above
Tenure | Rate of Interest for Deposits of Rs. 10 Crore and Above but Less Than Rs. 25 Crore | Rate of Interest for Deposits of Rs. 25 Crore and Above |
7 days to 14 days | 5.25% p.a. | 5.25% p.a. |
15 days to 30 days | 5.25% p.a. | 5.25% p.a. |
31 days to 45 days | 5.50% p.a. | 5.50% p.a. |
46 days to 90 days | 5.75% p.a. | 5.75% p.a. |
91 days to 120 days | 6.35% p.a. | 6.35% p.a. |
121 days to 179 days | 6.35% p.a. | 6.35% p.a. |
180 days to 269 days | 6.35% p.a. | 6.35% p.a. |
270 days to less than 1 year | 6.50% p.a. | 6.50% p.a. |
1 year | 7.00% p.a. | 7.15% p.a. |
Above 1 year but less than 2 years | 6.75% p.a. | 6.75% p.a. |
2 years and above but up to 3 years | 6.50% p.a. | 6.50% p.a. |
Above 3 years and less than 5 years | 6.50% p.a. | 6.50% p.a. |
5 years and above to less than 8 years | 6.50% p.a. | 6.50% p.a. |
8 years and above to 10 years | 6.50% p.a. | 6.50% p.a. |
The interest rates are applicable w.e.f. 21 April 2025.
Non-callable Deposits: Rs. 10 Crore to Rs. 25 Crore and Above
Tenure | Rate of Interest for Deposits of Rs. 10 Crore and Above but Less Than Rs. 25 Crore | Rate of Interest for Deposits of Rs. 25 Crore and Above |
1 year | 7.15% p.a. | 7.18% p.a. |
Above 1 year but less than 2 years | 6.90% p.a. | 6.80% p.a. |
2 years and above up to 3 years | 6.65% p.a. | 6.55% p.a. |
The interest rates are applicable w.e.f. 21 April 2025.
Benefits of Using the Bank of India FD Calculator
- The BOI FD Calculator is easy to use.
- You can find out the maturity amount and invest accordingly.
- With this calculator, you get accurate results in seconds.
FAQs on Bank of India FD Calculator
- What is the minimum amount required to open an FD with the Bank of India?
The minimum amount required to open an FD with the Bank of India is Rs.10,000.
- Who is eligible for Bank of India FDs?
The eligible candidates who can avail themselves of BOI FDs are Government and Quasi-Government Bodies, Individual (single or joint), Sole Proprietary Concerns, Municipalities and Panchayats, Trusts, Associations, Clubs, Societies, Charitable Institutions, Partnership Firms, Illiterate and blind persons, Religious Institutions, Educational Institutions (including Universities), Minors, and Limited Companies.
- What is the term range for Bank of India FDs?
The Fixed deposit term for Bank of India ranges between seven days to ten years.
- What is the additional interest available to senior citizen FD investors?
The additional interest rate of 0.50% is offered to the senior citizen investors by the Bank of India, which makes the rate of interest for these type of FD schemes higher than the regular FD schemes.
- Is auto-renew facility available for BOI fixed deposit?
Yes, auto-renewal facility is available for fixed deposit schemes offered by the Bank of India.
- How to invest in Bank of India Bank FD?
To invest in Bank of India FD scheme you need to log into the internet banking account through BOI mobile application and select the fixed deposit option. Enter the required details, such as maturity instruction, nominee, payment, duration period, etc. Customers can open the FD account through offline mode by visiting the BOI branch physically. Investors must submit a duly filled BOI FD application form and the required KYC (Know Your Customers) documents. A cheque or DD (Demand Draft) also needs to be submitted to pay the first deposit amount to open the BOI FD account.
- What are the different types of fixed deposit schemes available under BOI FD?
The different types of fixed deposit schemes available under BOI fixed deposit are Capital Gain Tax Saving Scheme, RFC Deposit, FCNR Deposit, NRE Term Deposit, NRO Term Deposit, Quarterly or Monthly Term Deposit, Motor Accidental Claims Term Deposit, Short Term Deposit, Double Benefit Term Deposit, Regular Fixed Deposit, and Star Sunidhi Tax-Saving Deposit Scheme.
- Do NRI have to pay tax on BOI fixed deposits?
Yes, NRIs (Non-Resident Indians) will have to pay a TDS (Tax Deducted on Source) of 30% on NRO term deposits offered by Bank of India.
- How to save tax on FDs?
BOI investors can invest in tax-saving FD schemes to avail themselves of claim deductions of up to Rs 1.5 lakh per financial year by investing in the FD scheme for five years. These FD schemes do not allow premature withdrawals or loan facility against the deposit value.
- Is a premature withdrawal facility available for BOI fixed deposit?
Yes, depositors can avail themselves of premature withdrawal facility for Bank of India fixed deposit scheme.
- Is tax benefit applicable for both account holders for joint accounts?
No, under Section 80C of the Income Tax Act, 1961 tax benefit can be availed only by the first account holder for joint account.
- Is a loan facility available for BOI FD schemes?
Yes, you can avail yourself of loan facility for BOI FD schemes which would be 90% of the deposit amount as a loan against their Bank of India Fixed Deposit and the interest rate would range between 5.00% to 7.70% approximately.
- What is the penalty for premature withdrawal of fixed deposits less than Rs.5 lakh?
The Bank of India charges a penalty of 0.50% for premature withdrawal of fixed deposits less than Rs.5 lakh.
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