Bank of India has changed the interest rates of FD. It has also launched a new FD scheme. It is offering up to 8.1% interest on a tenure of 400 days.
Bank FD Scheme: Public sector Bank of India has launched a new festive season fixed deposit scheme. On which the bank is giving attractive returns. This scheme is getting more interest than normal FD. Apart from this, the bank has also updated the interest rate of term deposits less than Rs 3 crore.
Under its new scheme, BOI is offering 7.45% interest to general citizens on 400 days non-callable FD (investment more than Rs 1 crore). The interest rate for senior citizens is 7.95% and for super senior citizens it is 8.10%. On the other hand, in the callable FD option, general citizens are getting 7.30%, senior citizens 7.80% and super senior citizens 7.95% interest.
About FD Scheme (Bank of India FD Scheme)
The scheme is available to all Indian citizens, NRE and NRO account holders. Interested customers can avail the benefits from 27 September. It is available at all branches of Bank of India, BOI Omni Neo app and internet banking platform. The minimum investment amount has been fixed at Rs 10,000 and maximum at less than Rs 3 crore. For additional information related to the FD scheme, you can visit the official website of BOI or the nearest branch.
How much return is available on other callable FDs? (BOI Latest FD Rates)
7 to 14 days – 3%
15 to 30 days – 3%
31 to 45 days – 3%
46 to 90 days – 4.5%
91 to 179 days – 4.50%
180 to 210 days – 6%
211 to 269 days – 6%
270 days to less than 1 year – 6%
1 year – 6.80%
1 year and less than 2 years – 6.80%
400 days – 7.30%
2 years – 6.80%
2 years and less than 3 years – 6.75%
3 years to less than 5 years – 6.50%
5 years to less than 8 years – 6%
8 years and more than 10 years – 6%
