Bank of India Special FD Schemes

Bank of India Special FD Schemes Rates

Bank of India offers special fixed deposit schemes with defined tenures to match different investment needs. Below are the latest rates on BOI Special FDs for deposits below ₹3 crore:

BOI Star Utsav FD Interest Rates (777 Days)

The BOI Star Utsav 777-day FD is approx. 2.1 years, which falls under the tenure bucket of 2 Years to less than 3 Years:

BOI FD Rates w.e.f. May 18, 2026.

BOI 999 Days FD Interest Rates (Green Deposit)

The Bank of India 999 Days FD is approx. 2.7 years, which falls under the 2 Years to less than 3 Years tenure:

Bank of India FD Rates w.e.f. May 18, 2026.

BOI 450 Days FD (Star Swarnim)

The BOI 450-day (Star Swarnim) Fixed Deposit scheme for deposits under ₹3 Crore has been discontinued and is no longer available from May 18, 2026.

Key Features of Bank of India Special FD Schemes

The main features of Bank of India Special FD Schemes are included below, covering deposit limits, withdrawal rules, and additional facilities:

• Minimum Deposit Amount: The minimum deposit required ranges from ₹10,000 to ₹1,00,000. For special cases like earnest money, tenders, or court orders, a lower amount is allowed if supported by proper documents.
• Special Bank of India FD Schemes: Among the special FD schemes of Bank of India, the Star Utsav FD (777 days) and BOI Green Deposit FD (999 Days) are available.
• Loan Facility: Under the special FD schemes, customers can take an overdraft or a BOI loan against FD of up to 90% of the FD value. This facility allows access to funds without closing the fixed deposit.
• Premature Withdrawal: Bank of India special FD schemes allow premature withdrawal with a penalty of 0.50% to 1%, while non-callable deposits cannot be closed before maturity.

Eligibility Criteria for Bank of India Special FD Schemes

The main eligibility criteria for opening Bank of India Special FD Schemes include:

• Resident individuals (single or joint)
• Senior citizens and super senior citizens
• Minors through parents or legal guardians
• Hindu Undivided Families (HUFs)
• Partnership firms & Limited Liability Partnerships
• Societies, associations, trusts, companies, etc.
• Central and state government departments

Taxation on BOI Special FD Scheme Returns

Interest earned on Bank of India fixed deposits is added to your total income and taxed according to your tax slab. TDS applies only if your total annual interest exceeds ₹50,000 for regular individuals or ₹1,00,000 for senior citizens. If your PAN is submitted, TDS is deducted at 10%; otherwise, a 20% rate applies. Both general taxpayers and senior citizens can submit Form 121 to avoid TDS if their total taxable income for the year falls below the exemption limit.