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Bank of IndiaFixed Deposit

2.85% - 5.15%
Interest rates
3 months - 10 years
Time Period
₹10,000 - no limit
Min. - Max amount
QUARTERLY
Compounding

About Bank of India

Bank of India (BOI) is one of the oldest and nationalised banks in India. The headquarters of BOI is in Mumbai. It offers all the required banking and financial services for retail and corporate customers. Bank of India is also a founder member of SWIFT which is short for, Society for Worldwide Inter Bank Financial Telecommunications. SWIFT provides cost-effective financial processing and communication services.Bank of India offers multiple FD options to its customers in which they can secure their savings and earn interest on it. Bank of India FD rates is comparatively higher than the interest provided on the savings account. Customers are allowed to deposit a certain deposit amount at the time of opening the account. Deposit and withdrawal of additional money are not allowed during the ongoing tenure.

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Started On1906
Head QuartersMumbai
CRISIL RatingNA
CEOAtanu Kumar Das
Listed on exchange asBank of India
ICRA RatingNA

Latest Bank of India Interest Rates

TenureRegular customersSenior citizens
7 days - 14 days
2.85
3.35
15 days - 30 days
2.85
3.35
31 days - 45 days
2.85
3.35
46 days - 90 days
3.85
4.35
91 days - 179 days
3.85
4.35
180 days - 269 days
4.35
4.85
270 days - less than 1 year
4.35
4.85
1 Year & above - less than 2 Years
5.1
5.6
2 years & above - less than 3 years
5.15
5.65
3 years & above - less than 5 years
5.15
5.65
5 years & above - less than 8 years
5.15
5.65
8 years & above - 10 years
5.15
5.65

Features & Benefits of Bank of India

  • BOI FD tenure ranges from 7 days to 10 years
  • Nomination facility is provided by the bank
  • Loan/overdraft facility up to 90% of the RD amount is available
  • Senior citizens can avail 0.50% extra interest rate over the regular rates
  • Customers can choose from a wide range of FD options by Bank of India
  • The minimum investment amount needed to open an FD in BOI is Rs. 10,000

Types of Bank of India Schemes

Fixed/Short Term Deposit Scheme
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Bank of India Monthly/Quarterly Deposit Scheme
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Star Sunidhi Tax-Saving Deposit Scheme
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Capital Gain Tax Saving Scheme (Term Deposit)
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Term-wise interest rates

Short-term Deposits
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Medium-term Deposits
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Long-term Deposits
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Comparison of FD Rates

NameTenureInterest rate
AXIS Bank
3 months - 10 years
2.50% - 5.75%
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SBI Bank
3 Months - 10 Years
2.90% - 5.40%
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Equitas Bank
3 months - 10 years
3.50% - 6.50%
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Bajaj Finance
1 year - 5 years
5.65% - 6.50%
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HDFC Bank
3 months - 10 years
2.50% - 5.50%
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ICICI Bank
3 months - 10 years
2.50% - 5.50%
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Canara Bank
3 months - 10 years
2.95% - 5.50%
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Bank of Baroda
3 months to 10 years
2.80% - 5.25%
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Punjab National Bank
3 months - 10 years
3.00% - 5.25%
More Details
IDBI Bank
3 months - 20 years
2.70% - 4.80%
More Details
Indian Bank
3 months - 10 years
2.90% - 5.25%
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UCO Bank
3 months - 10 years
2.75% - 5.00%
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Yes Bank
3 months - 10 years
3.25% - 6.50%
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Post Office
1 year - 5 years
5.50% - 6.70%
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Union Bank of India
3 months - 10 years
3.00% - 5.60%
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RBL Bank
3 months -20 years
3.25% - 6.00%
More Details
Indian Overseas Bank
3 months - 10 years
3.40% - 5.20%
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IDFC First Bank
3 months - 10 years
2.75% - 4.20%
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LIC
1 Year - 5 Years
5.25% -6.00%
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Saraswat Bank
3 Months - 10 Years
3.10% - 6.35%
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City Union Bank
3 Months - 10 Years
3.00% - 5.25%
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Co-operative Banks
1 Year -5 Years
6.00% - 6.35%
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Bandhan Bank
3 months - 10 years
3.00% - 5.00%
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DBS Bank
3 months - 10 years
2.50% - 5.50%
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Citibank
3 months - 5 years
1.85% - 3.5%
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ICICI Home Finance
1 year - 10 years
5.70% - 6.65%
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Federal Bank
3 months - 10 years
2.5% - 5.6%
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AU Small Finance Bank
3 months - 10 years
3.5% - 6.25%
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Fincare Small Finance Bank
3 months - 7 years
3.00% - 5.50%
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Jana Small Finance Bank
3 months - 10 years
2.5% - 6%
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Ujjivan Small Finance Bank
3 months - 10 years
3.05% - 5.80%
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Utkarsh Small Finance Bank
3 months - 10 years
3.00% - 6.75%
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Karnataka Bank
3 months - 10 years
3.40% - 5.60%
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Karur Vysya Bank
3 months - 10 years
3.25% - 3.50%
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Jammu and Kashmir Bank
3 months - 10 years
2.90% - 4.00%
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South Indian Bank
3 months - 10 years
3.50% - 5.50%
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Punjab and Sind Bank
3 months - 10 years
3.00% - 5.30%
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Standard Chartered Bank
7 days - 5 years
1.75% - 5.35%
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HSBC Bank
7 days - 5 years
2.25% - 4.00%
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Shriram Transport Finance
1 year - 5 years
7.01% - 7.95%
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Tamilnad Mercantile Bank
3 months - 10 years
3.50% - 5.50%
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IndusInd Bank
3 months - 10 years
2.50% - 5.50%
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Bank of Maharashtra
3 months to 10 years
2.75% -4.90%
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Central Bank of India
3 months - 10 years
2.75% - 5.00%
More Details
Kotak Mahindra Bank
3 months - 10 years
2.50% - 5.25%
More Details
DHFL
1 year - 10 years
8.25% - 8.95%
More Details
DCB Bank
3 months - 10 years
4.35% - 5.95%
More Details

FAQs

What is the minimum amount needed to book a fixed deposit account with the Bank of India?

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What is the highest interest rate offered by the Bank of India?

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Who all are eligible to open an FD account with the Bank of India?

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Can I get avail a loan against BOI Star Sunidhi Tax-Saving Deposit Scheme?

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For joint accounts, are both the account holders eligible to get income tax benefits?

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Calculate Bank of India FD Interest
Investment Amount
₹25,000
Time Period
9 Months
1 Year
2 Years
3 Years
Maturity Amount
Bank of India
0
@5.1% p.a
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online upto 0%
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