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Bank of India Interest Rates on FD, Mar 2017

Last Updated 20th Mar 2017

Fixed Deposit Interest Rate of Bank of India

Tenure General Rates Senior Citizen Rates
7 days to 14 days 4.00% 4.00%
15 days to 30 days 4.25% 4.25%
31 days to 45 days 4.25% 4.25%
46 days to 179 days 6.50% 6.50%
180 days to 269 days 6.75% 7.25%
270 days to 364 days 6.90% 7.40%
1 year to 1 year 364 days 7.00% 7.50%
2 years to 2 years 364 days 7.00% 7.50%
3 years to 4 years 364 days 6.90% 7.40%
5 years to 7 years 364 days 6.90% 7.40%
8 years to 10 years 6.90% 7.40%

Bank of India FD Maturity Calculator

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Bank of India FD Interest Rates

  • Bank of India offers FD interest rates upto 7.00% per annum.
  • Interest on deposits with Bank of India is typically compounded quarterly.
  • Bank of India accepts deposits starting at Rs. 1000 for various tenures.
  • For senior citizens (age more than 60 years), Bank of India offers higher interest rate over and above rates mentioned below.

Bank of India Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdrawal your money subject to minimum moratorium requirements.
  • However, in case of premature withdrawal, Bank of India pays applicable ROI for actual duration of deposit.

Loan against Bank of India FD

  • Bank of India offers loan upto 90% against its own deposit. Note that you cannot obtain a loan against FD from another bank.
  • Applicable rate of interest on loan against FD is typically 0.5% to 2% over the fixed deposit rate.

Bank of India Interest Rates in your city. How and where to apply?

  • Keep your KYC documents - PAN card, address proof and photo ready.
  • In case you already hold an account with Bank of India, you don’t need to submit KYC documents again.
  • To know more or apply, contact any of the branches of Bank of India in your city

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