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    Bank of India Star Sunidhi Tax-Saving Deposit Scheme

    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
    Fixed Deposit BYTES FROM OUR KITCHEN

    Bank of India offers a fixed deposit scheme called as Star Sunidhi Tax-Saving Deposit Scheme. The fixed deposit account is available for all eligible individuals and HUFs residing in India. It is a long term savings deposit account that offers income tax benefits for the account holder.

    Eligibility Criteria for applying for Bank of India Star Sunidhi Tax-Saving Deposit Scheme

    Given below is the eligibility criteria for Bank of India Star Sunidhi Tax-Saving Deposit Scheme.

    • Individuals and Hindu Undivided Family individuals having PAN number
    • Nomination is allowed
    • Should be able to make a minimum deposit of Rs.10,000

    Features of Bank of India Star Sunidhi Tax-Saving Deposit Scheme

    Given below are the featured of Bank of India Star Sunidhi Tax-Saving Deposit Scheme

    Account Type

    Single and joint

    Amount

    Min: Rs.10,000 p.a.

    Max: Rs.1,50,000 p.a.

    Rate of Interest

    Min: 4%

    Max: 7.50%

    Period

    Min: 5 years

    Max: Upto and including 10 years

    Type

    FDR/MIC/QIC/DBD

    Loan against Bank of India

    Star Sunidhi Tax-Saving Deposit Scheme

    There is no loan facility available for this scheme

    Nomination (if any)

    Available

    Tax exemptions

    Tax exemptions under section 80C of the Income Tax Act

    Bank of India Star Sunidhi Tax-Saving Deposit Scheme interest rates as per December 2015

    7 days to 14 days

    4.00

    15 days to 30 days

    4.50

    31 days to 45 days

    4.50

    46 days to 90 days

    6.50

    91 days to 120 days

    7.00

    121 days to 179 days

    7.00

    180 days to 269 days

    7.25

    270 days to less than 1 year

    7.50

    1 Year & above to less than 2 years

    7.50

    2 years & above to less than 3 years

    7.50

    3 years & above to less than 5 years

    7.50

    5 years & above to less than 8 years

    7.25

    8 years & above to 10 years

    7.25

    * The interest rates mentioned are at the discretion of the bank and are subject to change

    Bank of India Star Sunidhi Tax-Saving Deposit Scheme FAQs

    1. Is there a premature withdrawal allowed with the fixed deposit account?

      There is no premature withdrawal allowed with Bank of India Star Sunidhi Tax-Saving Deposit Scheme.

    2. Does the account qualify for exemptions?

      This fixed deposit account qualifies for Tax exemptions under section 80C of the Income Tax Act.

    3. Is there a loan facility available with the account?

      There is no loan facility available under this account.

    Useful Information on BOI Fixed Deposit

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