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Bank of India Star Flexi-Recurring Deposit Scheme

With BOI Star Flexi-Recurring Deposit, you can choose the core instalment amount as well as monthly flexible instalments. You can deposit your money for a period ranging from 1 year to 10 years and earn interest of up to 6.75% p.a. on the amount. You need to deposit a minimum of Rs.100 (for rural branches) or Rs.500 (for metro/urban branches) to open your flexi RD account.

BOI Star Flexi-Recurring Deposit Interest Rates

Tenure Interest Rates (for deposits less than Rs.2 crore) Interest Rates (for deposits less than Rs.2 crore)
1 year to less than 2 years (except 444 days) 6.70% p.a. 6.70% p.a.
444 days* 6.75% p.a. 6.70% p.a.
2 years to less than 3 years 6.70% p.a. 6.70% p.a.
3 years to less than 5 years 6.50% p.a. 6.50% p.a.
5 years to less than 8 years 6.50% p.a. 6.50% p.a.
8 years to 10 years 6.35% p.a. 6.35% p.a.

*Applicable only for deposits less than Rs.2 crore

Benefits of BOI Star Flexi-Recurring Deposit Scheme

  • Minimum amount of Rs.100 to open the account
  • Enjoy an interest rate of up to 6.75% p.a.
  • Nomination facility available
  • Flexible instalments

Things to Remember

  • Core instalment has to be paid every month to avoid penalty charges
  • Core instalments cannot be paid in advance
  • Single maturity date for both core and flexi portions
  • In the last month of the RD account, flexi instalment won’t be accepted
  • Core instalment is fixed and cannot be varied
  • Auto-renewal of the maturity proceeds is not permitted

BOI Star Flexi-Recurring Deposit EMI Calculator

It’s always advised to calculate the interest beforehand so that you can understand how much your returns would be after the maturity period. It will also help you compare other FD schemes.

In order to calculate, you can use any of the online RD calculators. Remember that the interest earned depends on the instalment amount, tenure, and interest rate. Sign up for the BOI Star Flexi-Recurring Deposit scheme to enjoy flexible instalments and attractive rates. Make sure to read the terms and conditions thoroughly before signing up.

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