Bank of India FD Interest Rates
Bank of India is a renowned name in the banking industry, holding its headquarters in Mumbai, Maharashtra. BOI offers a plethora of services and products for its customers.
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5.35%
6.25%
6.77%
Highest Return7.2%
* Assuming investment of ₹ 1 Lakh per year & income tax slab of 30%
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About Bank of India FD Rates
Any bank's Fixed Deposit Interest Rate Scheme allows investors to invest a part of their salary in the FD scheme to achieve their goals and plan accordingly.
BOI offers various FD options, i.e., Short Term Deposits Scheme, Bank of India Monthly / Quarterly Deposit Scheme, and Star Sunidhi Tax Saving Deposit Scheme, which comes with online banking facilities. You can also make huge profits with a five-year tax-saving fixed deposit scheme.
Under the FD tax deduction benefit option, one can save up to Rs. 1,50,000 annually as per Section 80C of the Income Tax Act, 1961. It is convenient and easy to open an FD account online by logging in to the BOI internet banking account.