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    Bank of India Fixed Deposit Rates  and 2 other FDs

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    4% - 7.2% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.7% Quarterly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.49% - 8.19% Monthly compounding
    Response Time Within 30 minutes
    Features
    Documents
    Good to Know
    Up to ₹25L
    1 Year to 5 Years
    7.75% - 8.5% Monthly compounding
    Response Time Within 30 minutes
    Features
    Highlights
    Documents
    Good to Know

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

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Fixed Deposit BYTES FROM OUR KITCHEN

    Bank of India Fixed Deposit Interest Rates

    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.

    The updated list of BOI Fixed Deposit Interest Rates for Regular and Senior Citizen, per specific tenures, is listed below:

    Maturity Regular FD Rates Senior Citizen FD Rates
    7 days to 14 days 4 4.5
    15 days to 30 days 4.25 4.75
    31 days to 45 days 4.25 4.75
    46 days to 90 days 6 6.5
    91 days to 120 days 6.25 6.75
    121 days to 179 days 6.25 6.75
    180 days to 269 days 6.5 7
    270 days to less than 1 year 6.5 7
    1 Year & above to less than 2 Yrs 6.7 7.2
    2 years & above to less than 3 years 6.65 7.15
    3 years & above to less than 5 years 6.6 7.1
    5 years & above to less than 8 years 6.5 7
    8 years & above to 10 years 6.5 7
    Minimum and Maximum Bank of India fd interest rates 2017 for Regular and Senior Citizen
    Bank of India FD Rates

    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.

    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.

    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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  • Bank of India Fixed Deposit Reviews

    • Bank of India Fixed Deposit
      "Good "
      0.5 5.0/5 "Blown Away!"
      Definitely good. But they provide very low interest rate on FD. Interest rate is 7.3%. Staffs behave well and well trained. You can get better interest rate at other banks, almost 1% high interest rate. Now a days lots of ATM from BOI is available.
      Was this review helpful? 14
      , kolkata
      Reviewed on Oct 18, 2016
    • Bank of India Fixed Deposit
      "satisfied..."
      0.5 4.5/5 "Excellent!"
      Against this fixed deposit the Bank of India had offered me a loan. It is very simple to take loan basis the deposit. No much formalities and no much paper works. By filling a single form we get the loan. Interest rate for the fixed deposit was 8.5%.
      Was this review helpful? 16
      , mumbai
      Reviewed on Jan 30, 2016
    • Bank of India Fixed Deposit
      "Government bank"
      0.5 5.0/5 "Blown Away!"
      BOI is a Government bank and their norms are in line with RBI. The reason why I had chosen BOI is because its a very old bank and its next to my place. My father and mother is holding an account here and that is why I am using this account. I know the BOI staff so I had taken this FD .Interest rate offered by BOI was 8% to 9%
      Was this review helpful? 14
      , agra
      Reviewed on Nov 26, 2015
    • Bank of India Fixed Deposit
      "Good in fixed deposit rate.."
      0.5 4.0/5 "Great!"
      Bank of India is same like other banks in regards to the rate for Fixed deposit. Service is not good like private but product and money will be safe. It is an nationalized bank and that is only good thing about them. All the government banks are low in services.
      Was this review helpful? 9
      , mumbai
      Reviewed on Nov 21, 2015
    • Bank of India Fixed Deposit
      "Relaxing returns"
      0.5 3.0/5 "Satisfactory"
      I had the fixed deposit account with the Bank of India. The rate of interest is okay with them. Customer service is good with them and there are no drawbacks with them. I had it for an year of time like I deposited around 75000 Rupees and I got around a lakh of Rupees as the returns, I am happy with them.
      Was this review helpful? 9
      , coimbatore
      Reviewed on Nov 13, 2015
    • Bank of India Fixed Deposit
      "Excellent"
      0.5 4.0/5 "Great!"
      I had the fixed deposit with the Bank of India and the experience is good with them. Interest rate is common to all, like every bank is giving same rates to the customers. They are having the locker facilities. I been with them from the last 12 years of time. Customer service in the rural areas are not that much okay while in the urban areas they are good.
      Was this review helpful? 5
      , bangalore
      Reviewed on Nov 11, 2015
    • Bank of India Fixed Deposit
      "Very good"
      0.5 5.0/5 "Blown Away!"
      BOI Fixed deposit is very good. They are providing the best interest rate , they have provided online banking . This request was placed at the branch and its a cumulative interest rate this FD was withdrawn after 6 days from the date of placing the deposit and there is no charges for the same we can liquidate it when ever we want,.
      Was this review helpful? 4
      , bangalore
      Reviewed on Nov 11, 2015
    • Bank of India Fixed Deposit
      "Good Bank"
      0.5 3.5/5 "Pretty good"
      I do have the fixed deposit with the Bank of india. I used to visit the branch for some of the thing and the rest of the thing I used to dealt with online banking. The drawback is I have to download the application to do the online banking, which is secure but not user friendly. Customer service is good and the rate of interest is also good. There are no minimum lock in period for this.
      Was this review helpful? 9
      , mumbai
      Reviewed on Oct 22, 2015
    • Bank of India Fixed Deposit
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I have opened my Fixed deposit account with Bank of India. The services are good from them. The response is very good too. The process was not a lengthy one to open this account. It was fast. I been having this account with them for the last ten years. They offer a good rate of interest. There are no charges as such for this account.
      Was this review helpful? 3
      , new delhi
      Reviewed on Oct 13, 2015
    • Bank of India Fixed Deposit
      "Very close "
      0.5 4.0/5 "Great!"
      I hold an Fixed Deposit account with BANK OF INDIA for the last two years. Since the branch is very near to my house I opened this account to me. They have offered me 9.50% interest rate for this. There was no additional or hidden charges to open this account.
      Was this review helpful? 15
      , ghaziabad
      Reviewed on Sep 15, 2015
    • Bank of India Fixed Deposit
      "Its fine"
      0.5 5.0/5 "Blown Away!"
      Bank of India Fixed deposit was okay . I have been holding this FD for 4 years. This FD was opened at the Branch. I have submitted my id cards for opening this FD. This was taken for a period of 10 years. There was no online access for that . Branch is next to my place . They are also ready to provide overdraft based on this account. However I am not ready to accept that
      Was this review helpful? 8
      , coimbatore
      Reviewed on Aug 06, 2015
    • Bank of India Fixed Deposit
      "Good"
      0.5 5.0/5 "Blown Away!"
      I had a fixed deposit with Bank of India. The services has been good from them. I got a good rate on interest and it was for two years. After maturity the benefits was as expected. The process did not take long after maturity. It could be done online. I did have to visit the bank.
      Was this review helpful? 11
      , mumbai
      Reviewed on Jul 11, 2015
    • Bank of India Fixed Deposit
      "Poor in quality.."
      0.5 4.0/5 "Great!"
      Firstly, I have a savings account with Bank of India and secondly it is a government organization so comparatively safe and thirdly the rate of interest 8.75% is high. I think for senior citizens, the rate is of 9.2%. Certainly the rate is of simple rate and it comes at the time of maturity.
      Was this review helpful? 11
      , new delhi
      Reviewed on Jun 22, 2015
    • Bank of India Fixed Deposit
      "IT IS NICE"
      0.5 3.5/5 "Pretty good"
      Term period that I have opted for Fixed Deposit is 5year and the rate of interest is 8.75%. If we want to break the deposit in between the term, can do it very well but there must be some penalty charges. As per our convenience we can prefer the tenure and at the end of the maturity, I do get the accumulated interest. Bank of India is very good but they lacks in service when we compare with private banks.
      Was this review helpful? 5
      , mumbai
      Reviewed on Jun 16, 2015
    • Bank of India Fixed Deposit
      "review on fixed deposit"
      0.5 3.5/5 "Pretty good"
      Term period that I have opted for Fixed Deposit is 5year and the rate of interest is 8.75%. If we want to break the deposit in between the term, can do it very well but there must be some penalty charges. As per our convenience we can prefer the tenure and at the end of the maturity, I do get the accumulated interest. Bank of India is very good but they lacks in service when we compare with private banks.
      Was this review helpful? 4
      , ahmedabad
      Reviewed on Mar 31, 2015
    • Bank of India Fixed Deposit
      "Good interst rate"
      0.5 4.0/5 "Great!"
      Bank of India Fixed deposit is really good. Their online support is not that good and no facility like Whats up. Interest rate offered for the loan is high however the interest rate offered for FD is normal. My father had an account with bank of India, infact this is my first account which prompted me to open this FD with the same Bank.
      Was this review helpful? 8
      , pune
      Reviewed on Mar 26, 2015
    • Bank of India Fixed Deposit
      "for Bank FD "
      0.5 5.0/5 "Blown Away!"
      I operatived for Bank of India Fixed Deposit. I got competitive rate of Interest. They provide very quick services & is beneficial to us. Bank is providing varied types of scheme as requirement of customers. I recommended this bank. I like and trust Bank Of India.
      Was this review helpful? 20
      , ahmedabad
      Reviewed on Feb 03, 2015
    • Bank of India Fixed Deposit
      "Good!!"
      0.5 4.0/5 "Great!"
      Term period that I have opted for Fixed Deposit is 5year and the rate of interest is 8.75%. If we want to break the deposit in between the term, can do it very well but there must be some penalty charges. As per our convenient we can prefer the tenure and at the end of the maturity, I do get the accumulated interest. Bank of India is very good but they lacks in service when we compare with private banks.
      Was this review helpful? 7
      , kolkata
      Reviewed on Feb 02, 2015
    • Bank of India Fixed Deposit
      "Bank of India Fixed Deposit"
      0.5 4.5/5 "Excellent!"
      Mainly for purpose of Tax benefit & security purpose , I opted for Bank of India Fixed Deposit. I got competitive rate of Interest. They provide very quick services & is beneficial to us. Bank is providing varied types of scheme as requirement of customers.
      Was this review helpful? 10
      , mumbai
      Reviewed on Feb 02, 2015
    • Bank of India Fixed Deposit
      ". BANK OF INDIA - BEST FOR FIXED DIPOSITE"
      0.5 5.0/5 "Blown Away!"
      I would say the online banking services was pretty good from bank of india.If we need some information they will keep us atleast 15 minutes if any emergency queries . I suffered most of the times when I went for my fixed deposit queries lot. Till today I am seeing most of the branches was having queue system. It would be better if they improve their customer service bit higher
      Was this review helpful? 8
      , mumbai
      Reviewed on Jan 31, 2015
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