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Bank of India FD Interest Rates
Bank of India offers fixed deposit (FD) interest rates ranging from 3.00% p.a. to 6.70% p.a. for general depositors and from 3.00% p.a. to 7.10% p.a. for senior citizens effective from 18th May 2026. The tenure for domestic deposits under ₹3 crore is from 7 days to 10 years.
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Maximum returns offered by:
7.4%*
(Tax-Free)
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(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
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(Post Office)Get Guaranteed returns up to 7.4%*
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FD Interest Rates
- BOI FD Interest Rates
Bank of India FD Interest Rates for October 2026 (Below ₹3 Cr.)
Here's a detailed overview of Bank of India FD rates for investment amount below ₹3 crore and tenures, effective from 18th May, 2026 (last verified in August):
| Maturity Period | General Citizens (p.a.) | Senior Citizens (p.a.) |
| 7 days to 14 days | 3.00% | 3.00% |
| 15 days to 30 days | 3.00% | 3.00% |
| 31 days to 45 days | 3.00% | 3.00% |
| 46 days to 90 days | 4.50% | 4.50% |
| 91 days to 179 days | 4.25% | 4.25% |
| 180 days to 210 days | 5.50% | 6.00% |
| 211 days to 269 days | 5.50% | 6.00% |
| 270 days to less than 1 Year | 5.50% | 6.00% |
| 1 Year | 6.50% | 7.00% |
| Above 1 Year to less than 2 Years | 6.50% | 7.00% |
| 2 Years to less than 3 Years | 6.60% | 7.10% |
| 3 Years | 6.70% (Highest) | 7.45% (Highest) |
| Above 3 Years to less than 5 Years | 6.25% | 7.00% |
| 5 Years to less than 8 Years | 6.00% | 6.75% |
| 8 years & above to up to 10 Years | 6.00% | 6.75% |
*Bank of India FD interest rates w.e.f. May 18, 2026
Bank of India has the highest FD interest rate on the tenure of 3 years which is 6.70% p.a. for general and 7.45% p.a. for senior citizens on the deposits of below ₹3 crore.
Bank of India Fixed Deposit Rates: Key features at a glance
| Tenure | 7 days to 10 years |
| Minimum Deposit Amount | Standard FD ₹10,000 in urban areas and ₹5,000 in rural or semi-urban areas. |
| Maximum Deposit Amount | NIL |
| Loan Facility | Up to 80% - 90% of the loan amount |
| Premature Withdrawal | BOI premature withdrawal is available and may come with a penalty, if withdraw before 12 months. |
| Senior Citizens Benefits | 0.5% higher than usual |
| Overdraft Facility | Available |
| Tax | Yes Applicable |
How are Bank of India FD Rates Decided?
Bank of India (BOI) regularly updates its Fixed Deposit (FD) interest rates through its internal Asset Liability Management Committee. The committee reviews these several key financial factors before deciding whether to increase or decrease these rates:
- Cash Supply: If the bank has plenty of cash on hand, FD rates may go down. If money is tight, the bank offers higher rates to attract more deposits.
- RBI Repo Rate: When the Reserve Bank of India changes its baseline interest rate, BOI adjusts its FD rates to match the market. All banks revise their FD rates whenever the RBI announces changes.
- Loan Demand: When more customers apply for loans, the bank raises FD interest rates to encourage people to deposit money.
- Deposit Amount and Time Period: Interest rates vary based on how long you lock in your money and whether your deposit is standard (under ₹3 crore) or a large bulk amount.
- Special Customer Savings: Senior citizens and super senior citizens get extra interest rate benefits on top of the regular rates.
Bank of India FD Rates for Deposits Above ₹3 Crore (Bulk Deposits)
The below table is for the BOI interest rates for deposits above ₹3 crore for general and senior citizens on tenure of 7 days to 10 years effective from 18th May, 2026 (last verified in August):
| Maturity Period | General Citizens (p.a.) | Senior Citizens (p.a.) |
| 7 days to 14 days | 4.50% | 5.25% |
| 15 days to 30 days | 5.00% | 5.75% |
| 31 days to 45 days | 5.00% | 5.75% |
| 46 days to 90 days | 5.00% | 5.75% |
| 91 days to 179 days | 5.50% | 6.25% |
| 180 days to 210 days | 5.75% | 6.50% |
| 211 days to 269 days | 5.75% | 6.50% |
| 270 days to less than 1 Year | 5.75% | 6.50% |
| 1 Year | 6.50% (Highest) | 7.25% (Highest) |
| Above 1 Year to less than 2 Years | 6.25% | 7.00% |
| 2 Years to less than 3 Years | 6.00% | 7.00% |
| 3 Years | 5.50% | 6.25% |
| Above 3 Years to less than 5 Years | 5.50% | 6.25% |
| 5 Years to less than 8 Years | 5.50% | 6.25% |
| 8 years & above to up to 10 Years | 5.50% | 6.25% |
Bank of India FD interest rates as of May 18, 2026.
The Bank of India (BOI) FD rates for 2026 for deposits above 3 crore have the highest returns on the tenure of 1 year, up to 6.50% p.a. for the general public and 7.25% p.a. for senior citizens.
Interest Rates for Bank of India (BOI) Tax-Saving FD
The Bank of India (BOI) Tax Saving FD (STAR SUNIDHI) offers an interest rate of 6.00% p.a. for regular citizens and 6.75% p.a. for senior citizens on its tax-saving fixed deposit scheme. You can get tax exemptions up to ₹1.5 lakh per financial year under Section 123 (previously 80C, if you opt old tax regime) of the Income Tax Act.
Bank of India Senior Citizens FD Rates
BOI senior citizens offers FD interest rates ranging from 3.00% to 7.45% p.a. for citizens (aged 60 to 80 years) and up to 7.60% p.a. for super senior citizens (aged 80 years and above) on term deposits below ₹3 crore, effective from May 18, 2026 (last verified in August).
SBI Senior Citizen FD Rates Below ₹3 Cr. and Above ₹3 Cr.
| Tenures | Below ₹3 Crore | Above ₹3 Crore |
| 7 days to 14 days | 3.00% | 5.25% |
| 15 days to 30 days | 3.00% | 5.75% |
| 31 days to 45 days | 3.00% | 5.75% |
| 46 days to 90 days | 4.50% | 5.75% |
| 91 days to 179 days | 4.25% | 6.25% |
| 180 days to 210 days | 6.00% | 6.50% |
| 211 days to 269 days | 6.00% | 6.50% |
| 270 days to less than 1 Year | 6.00% | 6.50% |
| 1 Year | 7.00% | 7.25% |
| Above 1 Year to less than 2 Years | 7.00% | 7.00% |
| 2 Years to less than 3 Years | 7.10% | 7.00% |
| 3 Years | 7.45% | 6.25% |
| Above 3 Years to less than 5 Years | 7.00% | 6.25% |
| 5 Years to less than 8 Years | 6.75% | 6.25% |
| 8 years & above to up to 10 Years | 6.75% | 6.25% |
BOI Senior citizens FD rates w.e.f. 18th May, 2026 for deposit below ₹3 crore and above ₹3 crore
FAQs
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What are the Bank of India fixed deposit interest rates for 2026?
The current Bank of India FD interest rates range from 3.00% to 6.70% p.a. for general citizens and from 3.00% to 7.45% p.a. for senior citizens. -
What is the Bank of India's interest rate on a 777-day FD?
The 777-day tenure is approximately 2 years to less than 3 years, which offers interest rates up to 6.60% p.a. for general depositors and 7.10% p.a. for senior depositors. -
What is the penalty for premature FD in the Bank of India?
If a Fixed Deposit is withdrawn before maturity, Bank of India may charge a penalty of 0.50% to 1.00%, and the applicable interest rate will be the actual tenure rate, not the booked rate. -
Can a tax-saving FD be broken before maturity in the Bank of India?
No, the Tax-Saving Fixed Deposit with Bank of India has a mandatory 5-year lock-in period and cannot be withdrawn before maturity, as per Section 80C of the Income Tax Act.
Exceptions: only if the customer passes away can the nominee/claimant make a premature withdrawal. -
Is a nomination facility available for Bank of India Fixed Deposits?
Yes, Bank of India provides a nomination facility for all Fixed Deposit accounts. The nominee can be added at the time of FD creation or updated later.
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10 Feb 2026
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˜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 7.4% 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
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ