Bank of India Star Sunidhi Tax-Saving Deposit Scheme

Bank of India offers the 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.

Updated On - 05 Sep 2025
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The investment tenure for this term deposit scheme is 5 years to 10 years. The current rate of interest being offered by the bank is 6.00% p.a. for deposits of less than Rs.2 crore.

Senior citizens are eligible for an extra interest rate of 0.5% p.a.

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

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

  1. Individuals and Hindu Undivided Family individuals having PAN number
  2. Nomination is allowed
  3. Should be able to make a minimum deposit of Rs.10,000
  4. The maximum deposit allowed under this scheme is Rs.1.5 lakh

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

General Public: 6.00% p.a. for deposits of less than Rs.2 crore

Senior Citizens: 6.50% p.a. for deposits of less than Rs.2 crore

Period

Min: 5 years

Max: Up to and including 10 years

Type of Deposit

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

The rates of interest for the Bank of India Star Sunidhi Tax-Saving Deposit Scheme are listed below:

Tenure of Investment

Interest Rate for General Citizens (p.a.)

Interest Rate for Senior Citizens (p.a.)

5 years and above to less than 8 years

6.00%

6.50%

8 years and above to 10 years

6.00%

6.50%

Note: The FD interest rates are effective as of 1 September 2024. Interest rates are subject to change at the discretion of the bank.

FAQs on Bank of India Star Sunidhi Tax-Saving Deposit Scheme

  • Does the account qualify for exemptions?

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

  • 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.

  • Is there a loan facility available with the account?

    There is no loan facility available under this account.

  • Is it possible to invest in the Bank of India Star Sunidhi Tax-Saving Deposit Scheme for a period of 3 years?

    No, the minimum tenure of investment for the Bank of India Star Sunidhi Tax-Saving Deposit Scheme is 5 years. It is not allowed to invest in this scheme for a lower tenure.

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