Fixed Deposit Rate of Bank Of India

Tenure Interest Rates for Regular Deposit Interest Rates for Senior Citizen
7 days to 14 days 4.00% 4.00%
15 days to 30 days 4.25% 4.25%
31 days to 45 days 4.25% 4.25%
46 days to 179 days 6.50% 6.50%
180 days to 269 days 6.50% 7.00%
270 days to 364 days 6.75% 7.25%
1 year to 1 year 364 days 6.90% 7.40%
2 years to 2 years 364 days 6.85% 7.35%
3 years to 4 years 364 days 6.70% 7.20%
5 years to 7 years 364 days 6.70% 7.20%
8 years to 10 years 6.70% 7.20%

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Carrying its tremendous reputation for being a one-stop financial solution for about a century, the Bank of India still stands as a leader in banking services.

The Pioneer in Banking

Apart from being a mega power institution in the Indian economy, the Bank of India is a pioneer in providing financial solutions. Commercial banking, retail banking, private banking, asset management, mortgages, credit card services and deposits are the collection of services provided by the Bank of India. Among the list, deposits, such as recurring and fixed deposits are favoured the most by the customers. The Bank of India has been leading an excellent example for other banks to be followed through their fixed deposit schemes.

The Fixed Deposit Scheme by BoI

Their brand value has earned them a loyal customer base.

The Bank of India offers excellent benefits to minors, women and senior citizens who invest in their fixed deposit schemes. Namely, senior citizens are given more interest as a part of the bank's initiative to support the elderly. The tenure of the fixed deposit is set by the customer as per his need. Starting from tenure of just seven days, a customer can invest his amount for a maximum of ten years. The rate of interest for his deposit will vary accordingly. The higher the tenure, the better will be the rate of interest of the fixed deposit.

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