Bank of India latest FD interest rates
The bank offers an interest rate of 3 per cent for deposits maturing between 7 days and 45 days for general citizens. Deposits maturing between 46 days and 179 will fetch an interest rate of 4.50%. The bank offers an interest rate of 5.00 per cent on deposits maturing between 180 days and 269 days. The bank pays an interest rate of 5.50 per cent on deposits maturing between 270 days and less than one year.
Deposits with a one-year maturity period will receive interest at a rate of 6% from 7% earlier. The bank has introduced new tenure of 400 days, which offers highest interest rate of 7.50%. It offers a 6% interest rate on fixed deposit terms lasting between one year and two years. The bank offers an interest rate of 6.75 percent for FDs with maturities of 401 days to less than 2 Years. The bank offers 6.75% on tenure of 2 Years to less than 3 Years. After the revision, the bank offers 6.50% on 3 Years to less than 5 Years and 6% after that.
| Tenure | REVISED W.E.F 28.07.2023 |
| 7 days to 14 days | 3 |
| 15 days to 30 days | 3 |
| 31 days to 45 days | 3 |
| 46 days to 90 days | 4.5 |
| 91 days to 179 days | 4.5 |
| 180 days to 269 days | 5 |
| 270 days to less than 1 year | 5.5 |
| 1 Year | 6 |
| Above 1 Year to 399 Days | 6 |
| 400 days (Monsoon Deposit) | 7.25 |
| 401 days to less than 2 Years | 6 |
| 2 Years to less than 3 Years | 6.75 |
| 3 Years to less than 5 Years | 6.50# |
| 5 Years to less than 8 Years | 6.00# |
| 8 years & above to 10 Years | 6.00# |
Bank of India latest FD interest rates for senior citizens
Following the revision, the bank offers a rate of interest in the range of 3 per cent to 7.75 per cent to senior customers for deposits maturing between 7 days and 10 years.
| Tenure | #REVISED RATES FOR SENIOR CITIZENS W.E.F 28.07.2023 |
| 07 days to 14 days | 3 |
| 15 days to 30 days | 3 |
| 31 days to 45 days | 3 |
| 46 days to 90 days | 4.5 |
| 91 days to 179 days | 4.5 |
| 180 days to 269 days | 5.5 |
| 270 days to less than 1 Year | 6 |
| 1 Year | 6.5 |
| Above 1 Year to less than 399 Days | 6.5 |
| 400 days (Monsoon Deposit) | 7.75 |
| 401 days to less than 2 Years | 6.5 |
| 2 Years to less than 3 Years | 7.25 |
| 3 Years to less than 5 Years | 7.25 |
| 5 Years to less than 8 Years | 6.75 |
| 8 years & above to 10 Years | 6.75 |
Source: Bank of India websiteAccording to the website, “0.50% p.a. additional rate of interest over and above card rates for General Public for minimum deposits of Rs.5000/-(in case of Term Deposits) & Rs.100/- (in case of Normal RD account & Rs.1000/- for Flexi RD Accounts) up to Rs.2 Crore for term deposits of 6 Months & Above to 10 years. However for deposits of 3 yrs & above, the additional ROI should be given at 0.75% over & above normal ROI.”
