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    Bank of India Fixed Deposit Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.6% Quarterly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    7% - 7.1% Quarterly compounding
    Response Time Within 30 minutes

    Bank of India Fixed Deposit Rates is Rated as "Excellent!" by 33 Users

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    How to find the best rates for Bank of India Fixed Deposit

    A renowned public institution in the Indian banking space, Bank of India offers attractive retail fixed-return investment solutions in the form of fixed deposits. These FD schemes are developed to suit varying investment timelines with holding periods ranging from short to medium to long-term.

    Fixed deposit interest rates are ascertained based on the banks liquidity requirements as well as market rate movements. Frequent changes make it difficult for investors to ascertain maturity amounts. The above table reflects the latest rates thereby enabling real-time comparison.

    BOI Short-Term FD Rates

    In line with what most banks offer, the returns on BOIs shortest deposit term of 30 days stands at 4.5%. For deposit-periods of 60 and 90 days, the rate is 1.5% higher at 6.5%. It increases to 7% for a holding of 120 days and to 7.25% for 6 months.

    The 9-month scheme offers the highest short-term returns at 7.75%.

    BOI Medium to Long-Term FD Rates

    Interest rates on the banks deposits for terms 1 year to less than 2 years at a 7.75%. The rates decreased by 0.25% and is 7.5% for the tenure 2 years to less than 5 years. Again get decreased by 0.25% to 7.25% for period above 5 years.

    The updated list of BOI Fixed Deposit Interest Rates, per specific tenures, is listed below:

    Duration of Deposit Regular Deposit (below Rs 1 crore)
    7 days to 14 days 4.00
    15 days to 30 days 4.25
    31 days to 45 days 4.25
    46 days to 90 days 6.50
    91 days to 120 days 6.50
    121 days to 179 days 6.50
    180 days to 269 days 6.90
    270 days to less than 1 year 7.00
    1 Year & above to less than 2 Yrs 7.10
    2 years & above to less than 3 years 7.10
    3 years & above to less than 5 years 7.00
    5 years & above to less than 8 years 7.00
    8 years & above to 10 years 7.00

    *Above Interest rates are as of 07 Dec 2016

    BOI Senior Citizen FD Rates

    Senior citizens are offered a 0.5% enhancement on existing rates for tenors of 6 months and above. The rates remain unchanged for short-term holdings of 30 to 120 days.

    All rates indicated above are on an annual basis, compounded quarterly.

    The updated list of BOI Senior Citizen FD Rates, per specific tenures, is mentioned below:

    Duration of Deposit Senior Citizen
    7 days to 14 days 4.00
    15 days to 30 days 4.25
    31 days to 45 days 4.25
    46 days to 90 days 6.50
    91 days to 120 days 6.50
    121 days to 179 days 6.50
    180 days to 269 days 7.40
    270 days to less than 1 year 7.50
    1 Year & above to less than 2 Yrs 7.60
    2 years & above to less than 3 years 7.60
    3 years & above to less than 5 years 7.50
    5 years & above to less than 8 years 7.50
    8 years & above to 10 years 7.50

    *Interest rates mentioned above are as of 07 Dec 2016

    News About Bank of India Fixed Deposit

    • Bank of India Fixed Deposit Rates

      Post the repo rate cut by the Reserve Bank of India, the interest rates for term deposits across banks in India have seen deductions. As per the RBI’s directive Bank of India has changed its rates on fixed deposit for only a few of its deposit tenures for amounts below INR 1 crore.

      The revised interest rates for Bank of India’s domestic and NRO term deposits are effective from December 28, 2015. This interest rate applicable for deposit tenures of 15 to 30 days and 31 to 45 days for deposits below INR 1 crore is 4.25%. Deposits having 91 to 120 days and 121 to 179 days as tenure are charged at 6.75%. Interest rates for term deposits 270 days to less than 1 year; 1 year & above to less than 2 years; 2 years & above to less than 3 years; and 3 years % above to less than 5 years is the same and charged at 7.30%.

      31st December, 2015

    • Bank of India Fixed Deposit Rates Reduced

      Repo rate cuts by the Reserve Bank of India have impacted the base rates of all Indian banks. Along the same lines, interest rates of deposits as well as loans have decreased for Bank of India. Compared to savings accounts, fixed deposits have encountered more aggressive reductions for Bank of India.

      As of November 2015, the lowest interest rate offered on fixed deposits is at 4% per annum for periods ranging from 1 to 2 weeks. The next whole figure of interest rate is 7% per annum for periods of 91 days to 179 days. There is a marginal increase of 0.25% for the next deposit period slab of 180 to 269 days. Post that, the highest interest rate offered by Bank of India is capped at 7.75% per annum for periods ranging from 270 days to less than 2 years. Deposits made for 5 years of more earn an interest of 7.25% per annum.

      3rd November, 2015

    • Changes in Fixed Deposit Rates for Bank of India

      Mumbai based government-owned Bank of India has joined the league of other banks in changing rates on fixed deposits over various tenures. The recently imposed rate cuts from the Reserve Bank of India has been passed on to the bank’s customers. The changes have been reflected in the rates of term deposits as well.

      For fixed deposits of amounts low than Rs. 1 crore, the tenures from 270 days till 5 years have seen rate changes in two brackets, with the lowest rate being 8% and the highest being 8.25%. For deposits of Rs. 1-10 crores, the higher tenure ranges of 270 days to above 10 years, the highest rate available is 8% and the lowest is 7.5%. For deposits of Rs. 10 crores and more, another tenure bracket has been imposed, of 364 days to 13 months having a interest rate of 7.6%. HUF, Capital Gain Scheme and NRE/NRO Deposits will not be getting any additional rates in case of staff or senior citizen status.

      For Domestic/NRO Term Deposits, the highest rate is 8.25% and the lowest is 8% for deposits of low than a crore across tenure ranges from 270 days to 5 years. For deposits of more than a crore but low than ten crores, the tenure of 270 days-1 year will have an interest rate of 7.5% and it would also be the same for the tenures of 5 years and above. For deposits more than 10 crores, a high of 7.6% and a low of 7.5% rates are available for tenures of 270 days-2 years.

      17th August 2015

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