Bank of India Interest Rates on FD, Jan 2017

Fixed Deposit Interest Rate of Bank of India

Last Updated 16th Jan 2017
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 90 days 6.50% 6.50%
91 days to 120 days 6.50% 6.50%
121 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%
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  • 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. 5000 for various tenures.
  • For senior citizens (age more than 60 years), Bank of India offers higher interest rate over and above rates mentioned below.
Calculate Bank of India
FD Maturity Amount

Bank of India Fixed Deposit – Premature Withdrawl

  • You may break you FD and withdraw 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 - Find Bank of India Branches here

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About Bank of India

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News - Jan 2017
10th Jan 17 Bank of India cuts loan against property rate
Bank of India has reduced its loan against property interest rate by 60 basis points. The revised LAP rate now stands at 10.50 percent as compared to 11.10 percent earlier. The rate is effective from 7th January, 2017.
09th Jan 17 Bank of India cuts home loan rates to 8.65 percent
Bank of India has reduced its home loan interest rates by 65 bps to 8.65 percent for women. The bank has also reduced home loan interest rates for other borrowers to 8.70 percent as compared to 9.30 percent earlier. The rates are effective from 7th January, 2017.
09th Jan 17 Bank of India reduces car loan rate by 70 basis points
Bank of India has reduced its car loan interest rate to 9.35 percent for new car buyers as compared to 10.05 percent earlier. The rate is effective from 7th January, 2017.
09th Jan 17 Bank of India reduces MCLR by up to 90 basis points
Bank of India has reduced its overnight and three month marginal cost of lending rate to 8.10 and 8.30 percent respectively. The revised lending rate for six months and one year now stands at 8.40 and 8.50 percent as compared to 9.15 and 9.25 percent earlier. The rates are effective from 7th January, 2017.
07th Dec 16 Bank of India reduces its MCLR by 5 basis points
Bank of India has reduced its one month and six month marginal cost of lending rate by 5 basis points to 9.05 and 9.15 percent respectively. BoB has also reduced its one year MCLR rate to 9.25 percent from 9.30 percent earlier. Revised rates are effective from 7th December, 2016.
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