Bank of India FD Interest Rates

Rates of interest always fluctuate according to the market and the economy. However, Bank of India is known to give quite high rates of interest on fixed deposits. These Bank of India fixed deposit rates have to conform to the guidelines of the Reserve Bank of India.

Other than that Bank of India FD rates are quite profitable. At any given point of time, you can know the FD rates of Bank of India by a simple inquiry into the nearest branch, or by looking up the online website of the bank

Bank of India Fixed Deposit Rates 2021

Bank of India FD Rates in India
Tenure General Public FD Rates Senior Citizen FD Rates
7 days to 14 days 3.50% 3.50%
15 days to 30 days 3.50% 3.50%
31 days to 45 days 3.50% 3.50%
46 days to 90 days 4.50% 4.50%
91 days to 120 days 4.50% 4.50%
121 days to 179 days 4.50% 4.50%
180 days to 364 days 5.00% 5.50%
1 year to 1 year 364 days 5.50% 6.00%
2 years to 2 years 364 days 5.40% 5.90%
3 years to 4 years 364 days 5.40% 5.90%
5 years to 10 years 5.40% 6.15%

Comparison of FD Rates by Top 10 Financial Institutes

Name Interest Rates Tenure  
Axis Bank 5.75% 5 years to 10 years View Details
Bank of Baroda 5.30% 5 years 1 day to 10 years View Details
Bank of India 5.40% 5 years to 10 years View Details
Canara Bank 5.45% 3 years to 10 years View Details
Central Bank of India 5.35% 5 years to 10 years View Details
HDFC Bank 5.50% 5 years 1 day to 10 years View Details
ICICI Bank 5.50% 5 years 1 day to 10 years View Details
IDBI Bank 5.70% 7 years 1 day to 10 years View Details
State Bank Of India 5.40% 5 years to 10 years View Details
Yes Bank 7.00% 1 year to 10 years View Details

Bank of India Fixed Deposit

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.

Bank of India Fixed Deposit Rates in India

It is advisable to reconfirm the FD Rates from the bank before making any decision on basis of data provided below.

For Domestic Deposits - Above 10 Cr to Less than 25 Cr (As on Jul 10, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

General

Senior Citizen

7 days to 14 days

Less than Rs. 1 cr

4.00%

4.50%

15 days to 30 days

Less than Rs. 1 cr

4.25%

4.75%

31 days to 45 days

Less than Rs. 1 cr

4.25%

4.75%

46 days to 90 days

Less than Rs. 1 cr

6.00%

6.50%

91 days to 120 days

Less than Rs. 1 cr

6.25%

6.75%

121 days to 179 days

Less than Rs. 1 cr

6.25%

6.75%

180 days to 269 days

Less than Rs. 1 cr

6.50%

7.00%

270 days to Less than 1 Year

Less than Rs. 1 cr

6.50%

7.00%

1 Year to less than 2 years

Less than Rs. 1 cr

6.70%

7.20%

2 years to less than 3 years

Less than Rs. 1 cr

6.65%

7.15%

3 Years to less than 5 years

Less than Rs. 1 cr

6.60%

7.10%

5 years to less than 8 years

Less than Rs. 1 cr

6.50%

7.00%

8 years to 10 years

Less than Rs. 1 cr

6.50%

7.00%

For Domestic Deposits - Above Rs. 1 Cr to Less than 10 Crore (As on May 8, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

7 days to 14 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

15 days to 30 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

31 days to 45 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

46 days to 90 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

91 days to 120 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

121 days to 179 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

180 days to 269 days

Rs. 1 cr to less than Rs. 10 cr

4.25%

270 days to Less than 1 Year

Rs. 1 cr to less than Rs. 10 cr

4.25%

1 Year to less than 2 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

2 years to less than 3 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

3 Years to less than 5 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

5 years to less than 8 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

8 years to 10 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

 

For Domestic Deposits - Above Rs. 10 Cr to Less than 100 Cr (As on Jul 27, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

7 days to 14 days

Rs. 10 cr to less than Rs. 100 cr

4.75%

15 days to 30 days

Rs. 10 cr to less than Rs. 100 cr

4.50%

31 days to 45 days

Rs. 10 cr to less than Rs. 100 cr

4.50%

46 days to 90 days

Rs. 10 cr to less than Rs. 100 cr

4.50%

91 days to 179 days

Rs. 10 cr to less than Rs. 100 cr

5.10%

180 days to 269 days

Rs. 10 cr to less than Rs. 100 cr

5.10%

270 days to 363 days

Rs. 10 cr to less than Rs. 100 cr

5.10%

1 year

Rs. 10 cr to less than Rs. 100 cr

5.10%

Above 1 years to less than 2 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

2 years to less than 3 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

3 Years to less than 5 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

5 years to less than 8 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

8 years to 10 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

 

For Domestic Deposits - Above Rs. 100 Cr and above (As on Jul 27, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

7 days to 14 days

Rs. 100 cr and above

4.75%

15 days to 30 days

Rs. 100 cr and above

4.50%

31 days to 45 days

Rs. 100 cr and above

4.50%

46 days to 90 days

Rs. 100 cr and above

4.50%

91 days to 179 days

Rs. 100 cr and above

5.10%

180 days to 269 days

Rs. 100 cr and above

5.10%

270 days to 363 days

Rs. 100 cr and above

5.10%

1 year

Rs. 100 cr and above

5.50%

Above 1 years to less than 2 years

Rs. 100 cr and above

5.25%

2 years to less than 3 years

Rs. 100 cr and above

5.00%

3 Years to less than 5 years

Rs. 100 cr and above

5.00%

5 years to less than 8 years

Rs. 100 cr and above

5.00%

8 years to 10 years

Rs. 100 cr and above

5.00%

 

Tax Saver FD (Max Deposit - 1 LPA)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

General

Senior Citizen

Star Sunidhi Tax-Saving Deposit Scheme - 5 years to 10 Years

Upto Rs. 1 lakh

6.70%

7.2%

 

Tax Implications

    • The amount invested in Fixed Deposit with a tenure of 5 years with Allahabad Bank is eligible for tax deduction under IT section 80C, whereas the interest earned on the investment is taxable.
    • The applicable tax will be deducted at source, i.e. Bank of Baroda, in case the annual interest earned crosses Rs. 10,000.

*Tax benefit is subject to changes in tax laws

For NRO - Less than Rs. 1 cr (As on Jul 10, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

7 days to 14 days

Less than Rs. 1 cr

4.00%

15 days to 30 days

Less than Rs. 1 cr

4.25%

31 days to 45 days

Less than Rs. 1 cr

4.25%

46 days to 90 days

Less than Rs. 1 cr

6.00%

91 days to 120 days

Less than Rs. 1 cr

6.25%

121 days to 179 days

Less than Rs. 1 cr

6.25%

180 days to 269 days

Less than Rs. 1 cr

6.50%

270 days to Less than 1 Year

Less than Rs. 1 cr

6.50%

1 Year to less than 2 years

Less than Rs. 1 cr

6.70%

2 years to less than 3 years

Less than Rs. 1 cr

6.65%

3 Years to less than 5 years

Less than Rs. 1 cr

6.60%

5 years to less than 8 years

Less than Rs. 1 cr

6.50%

8 years to 10 years

Less than Rs. 1 cr

6.50%

 

For NRO - Rs. 1 Cr to Less than Rs. 10 Cr (As on May 8, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

7 days to 14 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

15 days to 30 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

31 days to 45 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

46 days to 90 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

91 days to 120 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

121 days to 179 days

Rs. 1 cr to less than Rs. 10 cr

4.00%

180 days to 269 days

Rs. 1 cr to less than Rs. 10 cr

4.25%

270 days to Less than 1 Year

Rs. 1 cr to less than Rs. 10 cr

4.25%

1 Year to less than 2 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

2 years to less than 3 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

3 Years to less than 5 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

5 years to less than 8 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

8 years to 10 years

Rs. 1 cr to less than Rs. 10 cr

4.50%

 

For NRO - Rs. 10 Cr to Less than Rs. 100 Cr (As on Jul 27, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

7 days to 14 days

Rs. 10 cr to less than Rs. 100 cr

4.75%

15 days to 30 days

Rs. 10 cr to less than Rs. 100 cr

4.50%

31 days to 45 days

Rs. 10 cr to less than Rs. 100 cr

4.50%

46 days to 90 days

Rs. 10 cr to less than Rs. 100 cr

4.50%

91 days to 179 days

Rs. 10 cr to less than Rs. 100 cr

5.10%

180 days to 269 days

Rs. 10 cr to less than Rs. 100 cr

5.10%

270 days to 363 days

Rs. 10 cr to less than Rs. 100 cr

5.10%

1 year

Rs. 10 cr to less than Rs. 100 cr

5.10%

Above 1 years to less than 2 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

2 years to less than 3 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

3 Years to less than 5 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

5 years to less than 8 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

8 years to 10 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

 

For NRO - Rs. 100 Cr and above (As on Jul 27, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

7 days to 14 days

Rs. 100 cr and above

4.75%

15 days to 30 days

Rs. 100 cr and above

4.50%

31 days to 45 days

Rs. 100 cr and above

4.50%

46 days to 90 days

Rs. 100 cr and above

4.50%

91 days to 179 days

Rs. 100 cr and above

5.10%

180 days to 269 days

Rs. 100 cr and above

5.10%

270 days to 363 days

Rs. 100 cr and above

5.10%

1 year

Rs. 100 cr and above

5.50%

Above 1 years to less than 2 years

Rs. 100 cr and above

5.25%

2 years to less than 3 years

Rs. 100 cr and above

5.00%

3 Years to less than 5 years

Rs. 100 cr and above

5.00%

5 years to less than 8 years

Rs. 100 cr and above

5.00%

8 years to 10 years

Rs. 100 cr and above

5.00%

 

For NRE - Less than Rs. 1 Cr (As on Jul 10, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

1 Year to less than 2 years

Less than Rs. 1 cr

6.70%

2 years to less than 3 years

Less than Rs. 1 cr

6.65%

3 Years to less than 5 years

Less than Rs. 1 cr

6.60%

5 years & above up to 10 years

Less than Rs. 1 cr

6.50%

 

For NRE - Rs. 1 Cr to Less than Rs. 10 Cr (As on May 8, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

1 Year to less than 2 years

Rs. 1 cr to less than Rs. 10 cr

6.90%

2 years to less than 3 years

Rs. 1 cr to less than Rs. 10 cr

6.80%

3 Years to less than 5 years

Rs. 1 cr to less than Rs. 10 cr

6.70%

5 years & above up to 10 years

Rs. 1 cr to less than Rs. 10 cr

6.70%

 

For NRE - Rs. 10 Cr to Less than Rs. 100 Cr (As on Jul 27, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

1 year

Rs. 10 cr to less than Rs. 100 cr

5.10%

Above 1 years to less than 2 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

2 years to less than 3 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

3 Years to less than 5 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

5 years to less than 8 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

8 years to 10 years

Rs. 10 cr to less than Rs. 100 cr

5.00%

 

For NRE - Rs. 100 Cr and above (As on Jul 27, 2017)

MATURITY PERIOD

DEPOSIT AMOUNT

INTEREST RATE (p.a.)

1 year

Rs. 100 cr and above

5.50%

Above 1 years to less than 2 years

Rs. 100 cr and above

5.25%

2 years to less than 3 years

Rs. 100 cr and above

5.00%

3 Years to less than 5 years

Rs. 100 cr and above

5.00%

5 years to less than 8 years

Rs. 100 cr and above

5.00%

8 years to 10 years

Rs. 100 cr and above

5.00%

 

Written By: PolicyBazaar - Updated: 27 April 2021
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