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Bank of India Senior Citizens FD Rates
Bank of India FD rates for senior citizens range from 3.00% p.a. to 7.45% p.a. for ages 60 to 80 years and up to 7.60% p.a. for super senior citizens aged 80 years and above, effective from 18th May, 2026. The tenure is from 7 days to 10 years on domestic term deposits below ₹3 crore.
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- Bank of India Senior Citizens FD Rates
BOI Senior Citizen FD Interest Rates (Callable Deposits < ₹3 Cr)
The highest FD interest rate is on the 3-year tenure, up to 7.45% p.a. for senior citizens and 7.60% p.a. for super senior citizens, effective from 18th May, 2026 (last verified in September 2026):
| Tenure | Senior Citizens Rates (p.a.) | Super Senior Citizens Rates (p.a.) |
| 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 | 4.25% | 4.25% |
| 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 | 6.00% | 6.15% |
| 1 Year | 7.00% | 7.15% |
| Above 1 Year to less than 2 Years | 7.00% | 7.15% |
| 2 Years to less than 3 Years | 7.10% | 7.25% |
| 3 Years | 7.45% | 7.60% |
| Above 3 Years to less than 5 Years | 7.00% | 7.15% |
| 5 Years to less than 8 Years | 6.75% | 6.90% |
| 8 years & above to up to 10 Years | 6.75% | 6.90% |
Bank of India senior citizens fixed deposit interest rates w.e.f. 05th May, 2026
Key Features at a Glance: Bank of India Senior Citizens FD
Below are the important things you should know about Bank of India senior citizens FD:
| Feature | Details |
| Interest Rates | 3.00% – 7.45% p.a. (Seniors aged 60–79)
3.00% – 7.60% p.a. (Super Seniors aged 80+) |
| Deposit Tenure | 7 days to 10 years |
| Minimum Deposit | ₹5,000 for senior citizen accounts |
| Maximum Deposit | No upper limit |
| Liquidity & Credit Options | Overdraft/loan facility available up to 90% of FD value without breaking the deposit. |
How are Bank of India Senior Citizens Rates Decided?
These are the factors that can influence Bank of India senior citizen interest rates:
- Internal Policies: Bank of India's internal committee adjusts its FD rates based on funding costs, credit demand, and liquidity.
- RBI Guidance: Changes to the RBI benchmark repo rate directly impact the bank's deposit rates.
- Market Competition: Rates are set to stay competitive against other major banks.
- Government Schemes (SCSS): Rates for the Senior Citizens Savings Scheme are fixed quarterly by the Government of India, not the bank.
Bank of India Special FD Schemes & Tenures
Senior Citizens Savings Scheme (SCSS) delivers the highest interest rate among schemes available at Bank of India branches:
- Senior Citizens Savings Scheme (SCSS): Offers 8.20% p.a. (a government-backed quarterly income scheme available at BOI branches).
Amongst other Bank of India FD schemes, the highest senior citizens FD rates are on:
- 3-Year Term Deposit: Pays 7.45% p.a. for Senior Citizens (aged 60–79) and 7.60% p.a. for Super Senior Citizens (aged 80+).
- BOI Green Deposit (999 Days): Pays 7.35% p.a. for Senior Citizens and 7.50% p.a. for Super Senior Citizens.
Benefits of Choosing Bank of India Senior Citizens Fixed Deposits
- Higher Interest Payouts: Senior citizens get +0.50% to +0.75% extra interest, while super seniors earn +0.65% to +0.90% extra over standard rates.
- Regular Income Options: Choose monthly, quarterly, or annual interest payouts to cover post-retirement expenses.
- 100% Capital Safety: Government-backed public sector bank security, with deposits insured up to ₹5 lakh by DICGC.
- Easy Liquidity: Access instant loans or overdrafts up to 90% of your FD value without closing the deposit early.
Conclusion
Under Bank of India term deposits, seniors can earn up to 7.45% p.a. and 7.60% p.a. on the 3-year tenure. Backed by public-sector bank security with DICGC insurance protection up to ₹5 lakh, these deposits combine capital safety with flexible payout options, instant loan liquidity up to 90% of the FD value, and tax deduction benefits under Section 80TTB. Across major Indian banks, senior citizens FD rates generally offer a premium of 0.50% to 0.75% p.a. over standard rates.
FAQs
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What is the interest rate for a Bank of India fixed deposit for senior citizens?
Bank of India senior citizens FD rates start from 3.00% p.a. to 7.45% p.a., and super senior citizens get up to 7.60% p.a., effective from 18th May, 2026. -
What is the Bank of India Senior Citizen scheme?
The SCSS is a safe, government-backed program that provides senior citizens with a reliable quarterly income. It offers a guaranteed 8.20% p.a. interest rate, which is calculated and credited directly to your savings account every quarter. -
What is the highest FD interest rate offered to senior citizens by Bank of India?
The highest rate on domestic term deposits below ₹3 crore is 7.45% p.a. for senior citizens and 7.60% p.a. for super senior citizens on the 3-year tenure. Alternatively, the government-backed Senior Citizens Savings Scheme (SCSS) by BOI branches offers 8.20% p.a. -
Is premature withdrawal allowed on Bank of India Senior Citizen FDs?
Yes, BOI premature withdrawal is permitted. No penalty applies to deposits below ₹5 lakh closed after completing 12 months. A penalty of 0.50% applies if closed before 12 months, and a 1.00% penalty applies to deposits of ₹5 lakh and above.
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JK Bank FD rates for senior citizens are offered at 4.00% to˜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
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ 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