• # Bank of India FD Calculator

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 at https://www.bankofindia.co.in/Home/Calculator.
• 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

The table below depicts the interest rates offered by the Bank of India for deposit amounts less that are less than Rs.2 crore.

Maturity Period Interest rate less than 2 cr Interest rate more than 2 cr
7 days - 14 days 2.85% 3.35%
15 days - 30 days 2.85% 3.35%
31 days - 45 days 2.85% 3.35%
46 days - 90 days 3.85% 4.35%
91 days - 179 days 3.85% 4.35%
180 days - 269 days 4.35% 4.85%
270 days - less than 1 year 4.35% 4.85%
1 year and above â€“ less than 2 years 5.00% 5.5%
2 years and above - less than 3 years 5.05% 5.55%
3 year and above - less than 5 years 5.05% 5.55%
5 year and above - less than 8 years 5.05% 5.55%
8 year and above - less than 10 years 5.05% 5.55%

## 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

1. 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.

2. What is the highest interest rate offered by the Bank of India FD?

At present, the highest interest rate for the general public is 5.05%.

3. 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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