Bank of India FD interest rate up to 7.75 Percent: Bank of India has revised the fixed deposit rates and given its customers the opportunity to get the highest returns. The bank is offering investment opportunities on tenure ranging from 7 days to 10 years.
New Delhi: Public sector Bank of India has revised the interest rates on fixed deposits for tenure less than Rs 2 crore. After the amendment, the bank is offering interest rates between 3% to 7.75% to investors for periods ranging from 7 days to 10 years. Due to the facility of getting guaranteed returns in FD scheme, it has become a better option for investment.
Latest FD interest rates of Bank of India
After the latest revision on FD interest rates by Bank of India, the bank pays 3% interest rate to regular citizens for FDs maturing between 7 to 45 days. 4.50 percent interest is being given on FDs maturing between 46 to 179 days. 5.50 percent interest rate is being given on FDs maturing between 180 to 269 days. The bank offers an interest rate of 5.75 percent on FDs maturing in 270 days to less than a year.
- Now 6.50 percent interest will be available on FD with a period of one year to 399 days.
- The bank is offering the highest interest rate of 7.25 percent on a tenure of 400 days.
- Offers 6.50% interest rate on FD of one to two years.
- The bank offers 6.80 percent interest rate on FD for a tenure of 2 years.
- The bank is offering 6.75 percent interest rate for maturity period ranging from 2 years to less than 3 years.
- The bank is offering interest rate of 6.75 percent on tenure of two to three years.
- The bank is offering 6.50 percent interest for 3 to 5 years.
Bank of India interest rates for senior citizens
After the amendment, Bank of India is giving interest rates ranging from 3 percent to 7.75 percent to its senior customers on fixed deposits maturing between 7 days to 10 years.
FD investment rules and age calculation
- The minimum deposit amount for FD investment is Rs 10,000.
- Senior Citizen – Age 60 years and above but less than 80 years.
- Super Senior Citizen – Age 80 years and above.
- Senior citizens will get an additional interest rate of 25 bps on all FDs of tenure of 3 years and above.
- Very senior citizens will get an additional interest rate of 40 bps on FDs for all tenures of 3 years and above.
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