Bank of India FD Interest Rates

Bank of India is one of the best-nationalized banks in India. In our previous article, we discuss about many banks FD Interest rates eg. SBI FD Interest rates, Canara Bank FD interest rates, Bank of Baroda FD rates, PNB FD Interest rates. Now, we will discuss about Bank of India FD interest rates. Not only other banks but also the Bank of India offers many interest rates on Fixed Deposit accounts. If, you want to secure your money then choose a suitable FD scheme. So, this article will help you to choose an FD scheme that is suitable for you and help you to provide benefits by investing in the Bank of India.

Bank of India FD Interest Rates for NRE

Tenure	For Deposits of less than Rs.2 cr. (Rate w.e.f 28.07.2023)	For Deposits of Rs.2 cr. & Above but less than Rs.10 cr. (Rate w.e.f 28.07.2023)
1 Year	6.00	7.00
1 Year to 399 Days	6.00	7.00
400 days (Monsoon Deposit)	7.25	7.00
401 days to 2 Years	6.00	7.00
2 Years to 3 Years	6.75	4.50
3 Years to 5 Years	6.50	4.50
5 Years to 8 Years	6.00	4.50
8 years to 10 Years	6.00	4.50

Notes:-

• A penalty of 1.00% is charged on Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months.

• No Penalty is charged on Deposits of less than Rs.5 Lacs remained with the Bank for 12 Months and above.

• No interest and penalty is payable for NRE Term Deposits that remained with the Bank for less than 12 Months.

Bank of India FD Interest Rates for Domestic and  NRO

Tenure	Rate of Interest %(P.A.) for Deposits less than Rs. 2 Cr.	Rate of Interest % (P.A.) for Deposits of Rs. 2 Cr. & above but less than Rs.10 Cr.
7 days to 14 days	3.00	4.50
15 days to 30 days	3.00	4.50
31 days to 45 days	3.00	4.50
46 days to 90 days	4.50	4.75
91 days to 179 days	4.50	5.25
180 days to 269 days	5.00	5.40
270 days to 1 year	5.50	5.40
1 Year	6.00	7.00
1 Year to 399 Days	6.00	7.00
400 days (Monsoon Deposit)	7.25	7.00
401 days to 2 Years	6.00	7.00
2 Years to 3 Years	6.75	4.50
3 Years to 5 Years	6.50	4.50
5 Years to 8 Years	6.00	4.50
8 years to 10 Years	6.00	4.50

Notes:-

• The above fixed deposit interest rates are revised from 28.07.2023.
• For Deposits of above Rs. 10 cr. please contact the nearest Branch for rate of interest and other information.

Bank of India FD Interest Rates on Domestic Term Deposits for Senior Citizen

Tenure	For Deposits of less than Rs. 2 cr. (Revised interest rates for Senior Citizens w.e.f. 28/07/2023)	For Deposits of less than Rs. 2 cr. (Revised interest rates for Super Senior Citizens w.e.f. 28/07/2023)
7 days to 14 days	3.00	3.00
15 days to 30 days	3.00	3.00
31 days to 45 days	3.00	3.00
46 days to 90 days	4.50	4.50
91 days to 179 days	4.50	4.50
180 days to 269 days	5.50	5.65
270 days to 1 Year	6.00	6.15
1 Year	6.50	6.65
1 Year to  399 Days	6.50	6.65
400 days (Monsoon Deposit)	7.75	7.90
401 days to 2 Years	6.50	6.65
2 Years to 3 Years	7.25	7.40
3 Years to 5 Years	7.25	7.40
5 Years to 8 Years	6.75	6.90
8 years to 10 Years	6.75	6.90

Notes:-

• The above-all fixed deposit interest rates are revised from 28.07.2023.
• Senior Citizen- Age 60 years or above but less than 80 years.
• Super Senior Citizen- Age 80 Years & above.

Bank of India (BOI) Tax Saving FD Rates – Star Sunidhi Tax Saving Deposit Scheme

Tenure	FD rates for General Public (p.a.)	FD Rates for Senior Citizens (p.a.)
5 years to 10 years	6.00%	6.50%

Penalty Details

• Deposits less than Rs. 5 Lacs withdrawn prematurely before the completion of 12 months, a 0.50% penalty will be charged.
• A 1.00% penalty will be charged on deposits of Rs. 5 Lacs & above withdrawn prematurely.
• No penalty will be charged on deposits less than Rs. 5 Lacs withdrawn on or after the completion of 12 months.

For more information about Bank of India FD, Interest Rates Click Here.