Bank of India Quarterly Deposit - Star Quarterly Income Fixed Deposit

The BOI Star Quarterly Income Fixed Deposit, offered by the Bank of India, allows investors to deposit a lump sum and receive fixed-interest payouts every quarter. This scheme ensures a steady income stream while keeping the principal secure until maturity. Interest is credited directly to the depositor's account. With terms of up to 10 years, it offers flexibility to match individual needs.

Returns as high
as 6.9%^*

Includes life cover

Completely Tax free⁺

Maximum returns Offered by Guaranteed

Highest

6.9%^*

Guaranteed Plan

(by insurance companies)

(10 Years)

6.5%^**

Fixed Deposits

(by SBI bank)

(5-10 Years)

6.9%^***

Public Provident Fund

(other popular options)

(15 Years)

Get Guaranteed returns up to 6.9%*

Fully Tax-Free* (unlike FD), Life Cover Included

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BOI FD Interest Rates 2025

Tenure	Regular Rates Current 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%

FD Interest Rates for Deposits of Rs.10 Cr & Above W.E.F 14-05-2024

Maturity Buckets	10 Crore And Above But Less Than 50 Crore (%)	50 Crore And Above (%)
7 days to 14 days	6.25	6.25
15 days to 30 days	6.25	6.25
31 days to 45 days	6.35	6.35
46 days to 90 days	6.50	6.50
91 days to 120 days	6.75	6.75
121 days to 174 days	7.40	7.40
175 days	7.40	7.40
176 days to 179 days	7.40	7.40
180 days to 269 days	7.40	7.40
270 days to less than 1 Year	7.40	7.40
1 Year	7.50	7.50
Above 1 Year but less than 2 Years	7.15	7.15
2 Years and above but less than 3 Years	4.50	4.50
3 Years and above to less than 5 Years	4.50	4.50
5 Years and above to less than 8 Years	4.50	4.50
8 Years and above to 10 Years	4.50	4.50

Information About

Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund

Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund

Guaranteed Return Plans

Returns Before Tax

6.9%* ^(TAX-FREE)

Returns After Tax

6.9%*

Guaranteed Returns

Yes

Life Cover

Yes

Tax on Profit

Tax Free*

Risk

No Risk

Fixed Deposits

Returns Before Tax

7% ^(TAXABLE)

Returns After Tax

4.8%

Guaranteed Returns

Yes

Life Cover

Tax on Profit

Taxable

Risk

Low Risk

Debt Mutual Fund

Returns Before Tax

8% ^(TAXABLE)

Returns After Tax

5.5%

Guaranteed Returns

Life Cover

Tax on Profit

Taxable

Risk

High Risk

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*For annual premium upto ₹5 Lacs

People also read: BOI FD Interest Rates

Annualized Rates

Below are the annualised rates for:

For deposits less than Rs.2 Cr
For deposits of Rs.2 Cr & above but less than Rs.10 Cr

Maturity	Rate Of Interest % (P.A.) For Deposits Less Than Rs.2 Cr	Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Deposits Less Than Rs.2 Cr	Rate Of Interest % (P.A.) For Deposits Of Rs.2 Cr & Above But Less Than Rs.10 Cr	Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Deposits Of Rs.2 Cr & Above But Less Than Rs.10 Cr
180 days to 210 days	5.50	5.54	6.25	6.30
211 days to 269 days	5.50	5.54	6.50	6.61
270 days to less than 1 Year	5.75	5.83	6.50	6.61
1 Year	6.80	6.98	7.25	7.45
Above 1 Year to less than 2 Years	6.80	6.98	6.75	6.92
2 Years	7.25	7.73	6.50	6.88
Above 2 Years to less than 3 Years	6.75	7.16	6.50	6.88
3 Years to less than 5 Years	6.50	7.11	6.00	6.52
5 Years to less than 8 Years	6.00	6.94	6.00	6.94
8 Years & above to 10 Years	6.00	7.63	6.00	7.63

Rate For Senior Citizen Deposits Less Than Rs. 2 Cr. W.E.F 01.04.2024

Maturity	For Deposits Of Less Than Rs. 2 Cr. For Senior Citizens (%)	For Deposits Of Less Than Rs. 2 Cr. For Super Senior Citizens (%)
07 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	4.50	4.50
180 days to 210 days	6.00	6.15
211 days to 269 days	6.00	6.15
270 days to less than 1 Year	6.25	6.40
1 Year	7.30	7.45
Above 1 Year to less than 2 Years	7.30	7.45
2 Years	7.75	7.90
Above 2 Years to less than 3 Years	7.25	7.40
3 Years to less than 5 Years	7.25	7.40
5 Years to less than 8 Years	6.75	6.90
8 Years & above to 10 Years	6.75	6.90

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Annualised Rate For Senior Citizen Deposits for Less Than Rs. 2 Cr. W.E.F 01.04.2024

Maturity	Rate Of Interest % (P.A.) For Senior Citizens	*Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Senior Citizens**	Rate Of Interest % (P.A.) For Super Senior Citizens	*Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Super Senior Citizens**
180 days to 210 days	6.00	6.04	6.15	6.20
211 days to 269 days	6.00	6.04	6.15	6.20
270 days to less than 1 Year	6.25	6.35	6.40	6.50
1 Year	7.30	7.43	7.45	7.59
Above 1 Year to less than 2 Years	7.30	7.50	7.45	7.66
2 Years	7.75	8.30	7.90	8.47
Above 2 Years to less than 3 Years	7.25	7.73	7.40	7.90
3 Years to less than 5 Years	7.25	8.02	7.40	8.20
5 Years to less than 8 Years	6.75	7.95	6.90	8.16
8 Years & above to 10 Years	6.75	8.85	6.90	9.11

What is BOI Quarterly Deposit - Star Quarterly Income Fixed Deposit?

The BOI Star Quarterly Income Fixed Deposit is a deposit scheme offered by the Bank of India that allows you to invest a lump sum amount and earn a fixed interest payout every quarter. This is ideal for those seeking a steady flow of income while keeping their principal deposit secure.

How it Works:

You invest a one-time deposit amount.
You receive interest on your deposit every quarter, credited directly to your savings or current account.

Benefits:

Regular Income: Provides a predictable income stream every quarter.
Security: Your principal deposit remains untouched until the maturity date.
Flexibility: Choose a deposit term that suits your needs (up to 10 years).

FD interest rates India have fallen consistently over the last 12 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

People also read: FD Calculator

Types of Accounts That Can Be Opened Under BOI Monthly Deposit - Star Monthly Income Fixed Deposit

A wide range of individuals and entities can open a BOI Star Quarterly Income Fixed Deposit account, including:

Individuals (single or joint accounts)
Businesses (sole proprietorships, partnerships, limited companies)
Special Cases (illiterate persons, blind persons, minors with a guardian)
Organizations (associations, clubs, societies, trusts, government bodies, religious institutions, educational institutions)

BOI Quarterly Deposit - Amount To Be Invested

The minimum investment amount varies depending on your location and age:

Metro & Urban Branches: Rs. 10,000/- minimum
Rural & Semi-Urban Branches: Rs. 5,000/- minimum (Rs. 5,000/- minimum for senior citizens in all branches)

Exceptions: The minimum amount criteria does not apply to deposits made under government-sponsored schemes, margin money, earnest money deposits, and court-ordered deposits.

BOI Quarterly Deposit - Payment Of Interest

You can choose to receive interest monthly or quarterly.
Interest earned is subject to TDS (Tax Deducted at Source).
You can choose to receive interest monthly at a discounted rate, but for quarterly payouts, the deposit is treated as a regular fixed deposit with interest paid quarterly.

The maximum deposit period for the scheme is 10 years.

Rates for Senior Citizen Deposits

BOI offers additional benefits for senior citizens (over 60 years old) who are the first account holders:

Additional Interest Rate:
- 0.50% p.a. extra on deposits between Rs. 5,000/- and Rs. 2 crore for terms of 6 months to 10 years.
- 0.75% p.a. extra on deposits for 3 years or more.
Staff/Ex-Staff Senior Citizens: An additional 1.50% p.a. on top of the regular staff rate and senior citizen rate for deposits below Rs. 2 crore (applicable to term deposits of 6 months to 10 years).

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Rupee Term Deposit Rate - Additional Rate

Type Of Accounts	Additional Staff Rate Applicable To Staff/Ex-Staff	Additional Senior Citizen Rate Applicable To Senior Citizen/Ex-Staff Senior Citizen
HUF	Not Applicable	Not Applicable
Capital Gain Scheme	Not Applicable	Not Applicable
NRE/NRO Deposits	Not Applicable	Not Applicable

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Rupee Term Deposit Rate - Penalty Details

Category Of The Deposits	Penalty On Premature Withdrawal Of The Deposit
Deposits less than Rs. 5 Lacs withdrawn on or after completion of 12 months	NIL
Deposits less than Rs. 5 Lacs withdrawn prematurely before completion of 12 months	0.50%
Deposits of Rs. 5 Lacs & above withdrawn prematurely	1.00%

Early Closure:

No penalty if the deposit is prematurely closed for renewal for a longer term than the remaining original term.
No penalty for withdrawal due to the depositor's death.
No penalty for withdrawal by bank staff, ex-staff, senior staff/ex-staff, or spouse of deceased staff (if first account holder).
Penalty applies for premature closure of Capital Gain Account Scheme deposits.

TDS on Term Deposits:

TDS applies to the interest earned on the total deposits across all branches.
This includes recurring deposits (RDs) as well.

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
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FD Calculator

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