Bank of India FD interest rates start from 3.00% to 6.60% p.a. for general citizens and 3.00% to 7.10% p.a. for senior citizens, depending on the tenure up to 10 years and category. Special schemes like the Green Deposit (999-day tenure) offer a 6.50% p.a. for amounts below ₹10 crore, designed to support sustainable projects and environmental preservation.
With Guaranteed Return Plans, you can get predictable fixed returns and the advantage of life insurance cover. They suit risk-averse investors who want to have a secure source of finance and secure their loved ones.
Bank of India Fixed Deposit (FD) offers secure returns with tenures from 7 days to 10 years and deposits starting at ₹10,000. It also provides RD options from ₹500 and Flexi RD from ₹1,000. Popular schemes include Star Sunidhi Deposit, Double Benefit Term Deposit, and BOI Green Deposit Scheme. Interest rates range from 3.00% to 6.60% p.a. for general citizens and up to 7.10% p.a. for senior citizens, with benefits like premature withdrawal and a loan facility against deposits. FD interest rates vary based on the deposit amount, tenure, and customer category.
In the case of investment, it is important to know the difference when discussing options. Fixed deposits are safe and promise fixed returns, whereas other options, such as guaranteed returns schemes and mutual funds, promise different growth prospects depending on the risk profiles.
7 days to 10 years
Rs 5,000
NIL
Up to 90% of the loan amount
Up to 1% penalty
0.5% higher than usual
quarterly, annually, or monthly
Available
Yes Applicable
The latest revision of interest rates on Bank of India Domestic and NRO Term Deposits was implemented on August 4, 2025. Through this update, BOI aims to achieve more competitive returns in different tenures in order to address the different investment needs of resident and non-resident customers.
Here’s a detailed overview of Bank of India’s current Fixed Deposit interest rates across various investment amounts and tenure options. It's essential to compare these rates with other options like Tax-Saving FDs for maximum benefits.
| Tenure | Regular Rates | Senior Citizen |
| 7 Days to 14 Days | 3.00% | 3.00% |
| 15 Days to 1 Month | 3.00% | 3.00% |
| 1 Month to 2 Months | 3.00% | 3.00% |
| 2 Months to 3 Months | 4.50% | 4.50% |
| 3 Months to 6 Months | 4.25% | 4.25% |
| 6 Months to 7 Months | 5.50% | 6.00% |
| 7 Months to 9 Months | 5.50% | 6.00% |
| 9 Months to 12 Months | 5.50% | 6.00% |
| 1 Year | 6.25% | 6.75% |
| 1.2 Years | 6.45% | 6.95% |
| 1 Year to 2 Years | 6.30% | 6.80% |
| 2.1 Years | 6.60% | 7.10% |
| 2 Years to 3 Years | 6.30% | 6.80% |
| 3 Years to 5 Years | 6.25% | 7.00% |
| 5 Years to 8 Years | 6.00% | 6.75% |
| 8 Years to 10 Years | 6.00% | 6.75% |
| Bank Name | Lowest Rate | Highest Rate |
| State Bank Of India | 3.05% | 6.6% |
| ICICI Bank | 2.75% | 6.6% |
| HDFC Bank | 2.75% | 6.6% |
| Axis Bank | 3% | 6.6% |
| Punjab National Bank | 3% | 6.6% |
| Kotak Mahindra Bank | 2.75% | 6.6% |
| Yes Bank | 3.25% | 7.75% |
| Bank of Baroda | 3.5% | 6.6% |
| IndusInd Bank | 3.25% | 7% |
| Indian Bank | 2.8% | 6.7% |
| Union Bank of India | 3.4% | 6.6% |
| Bank of India | 3% | 6.6% |
| Canara Bank | 4% | 7.25% |
| IDBI Bank | 3% | 6.65% |
| Indian Overseas Bank | 3.5% | 6.8% |
| Bank of Maharashtra | 2.75% | 6.7% |
| Central Bank of India | 3.5% | 6.75% |
| Punjab and Sind Bank | 3% | 6.7% |
| UCO Bank | 2.75% | 5% |
| RBL Bank | 3.5% | 7.2% |
| PNB Housing Finance | 3.25% | 6.6% |
| Federal Bank | 3% | 6.7% |
| Bandhan Bank | 2.95% | 7.2% |
| South Indian Bank | 2.9% | 6.6% |
| Karur Vysya Bank | 4% | 6.65% |
| Tamilnad Mercantile Bank | 4% | 7.05% |
| Karnataka Bank | 3.5% | 6.65% |
| DBS Bank | 2.75% | 6.55% |
| Shriram Finance Ltd | 6.79% | 7.35% |
| Bajaj Finance Ltd | 6.6% | 6.95% |
| Mahindra Finance Ltd | 6.4% | 6.8% |
| Fincare Small Finance | 3% | 8.61% |
| Utkarsh | 4% | 7.65% |
| Unity Small Finance Bank | 4% | 6.75% |
| Suryoday Small Finance Bank | 4% | 8.05% |
| DCB Bank | 3.75% | 7.2% |
| Equitas Small Finance Bank | 3.5% | 7.4% |
| ESAF Small Finance bank | 2.75% | 7.6% |
| Karnataka Grameena Bank | 3.25% | 6.85% |
| North East Small Finance bank | 3.5% | 7.75% |
| Saraswat Bank | 3.25% | 6.8% |
| Shivalik Small Finance Bank | 3.5% | 7.3% |
| Ujjivan Small Finance Bank | 3.5% | 7.45% |
*FD interest rates w.e.f. October 2025 (for general public, domestic FDs < ₹3 Cr).
You can enjoy some major benefits when you open a Bank of India FD. A few of them are mentioned below:
A Bank of India (BOI) fixed deposit is a secure and reliable investment option for individuals looking to grow their savings with assured returns. You can open a BOI FD account for a lump sum amount for a fixed tenure and earn interest on it.
Existing Bank of India customers can easily open an FD account online through the bank's digital platforms.
If you prefer a traditional approach, you can visit your nearest Bank of India branch to open an FD account.
Fixed deposit accounts can be opened by the following eligible people -
Bank of India offers Fixed Deposit schemes with flexible tenures ranging from 7 days to 10 years and attractive interest rates, around 3.00% to 6.60% p.a. for general citizens and up to 7.10% p.a. for senior citizens. BOI FD schemes with facilities such as loans against deposits, premature withdrawal, and a tax-saving option under the Star Sunidhi Tax-Saving Deposit Scheme qualify for deductions under Section 80C. These deposits provide a safe investment avenue with assured returns and added benefits for senior and super senior citizens.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* The Guaranteed Returns are dependent on the policy term and premium term availed, along with the other variable factors. The 6.9% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and premium term of 10 years with a Rs . 20,000 monthly instalment premium. The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year, and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
** The Life Cover amount varies as per plan specifications. Please read the policy document for details.
+ Trad plans with a premium above 5 lakhs would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
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