BOI Star Sunidhi Deposit Scheme - Star Sunidhi Tax Saving Deposit Scheme

BOI Star Sunidhi Deposit Scheme Interest Rates 2026 (For deposits below 3 crore)

*BOI Star Sunidhi Deposit Scheme Interest Rates w.e.f 01.12.2025.

BOI Star Sunidhi Deposit Scheme Interest Rates 2026 (For deposits above 3 crore but below 10 crore)

*BOI Star Sunidhi Deposit Scheme Interest Rates w.e.f 01.12.2025. 

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Features of BOI Star Sunidhi Deposit Scheme - Star Sunidhi Tax Saving Deposit Scheme

Eligibility: Individuals & HUFs with PAN Numbers

Minimum Deposit: Rs.10,000/-

Maximum Deposit: Rs.1,50,000/- per annum

Type of Deposit: FDR/MIC/QIC/DBD

Tenure:

• Minimum - 5 years

• Maximum - Up To & including 10 years

Rate of Interest:

• As per standard domestic BOI term deposits rates

• 0.50% extra for Senior Citizens

Premature Withdrawal:

• Not allowed for 5 years

• Exception: In case of depositor's death, nominee/legal heir can withdraw prematurely (penalty exempt)

Advance Facility: Not available for 5 years from the deposit date

Applicability: All branches in India

Nomination Facility: Available

Other Benefits: Tax exemption under Section 80C of the Income Tax Act

Other Terms & Conditions BOI Star Sunidhi Deposit Scheme - Star Sunidhi Tax Saving Deposit Scheme

• In the case of Joint Accounts, only the first named depositor will be eligible for deduction under Section 80C of the Income Tax Act.

• No nomination shall be made in respect of a Term Deposit applied for and held by or on behalf of a Minor.

• The Term Deposit shall not be pledged to secure a loan or as security to any other advance.

• TDS norms will apply as per extant rules.

• Other terms and conditions are as applicable to normal term deposits.

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BOI Star Sunidhi Rupee Term Deposit Rate - Penalty Details

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.

Conclusion 

The BOI Star Sunidhi Deposit Scheme is the Bank of India's low-risk, secure product designed for Tax Saving Fixed Deposit (FD) for individuals and HUFs. It mandates a 5-year lock-in period and qualifies for an income tax deduction on the invested principal amount up to Rs. 1,50,000 annually under Section 80C. While it offers interest rate for general citizens is 6.00% and 6.75% for senior citizens. Nomination facility is available with tax exemption under Section 80C and the primary trade-off is the lack of liquidity—premature withdrawal and overdraft/loan against FD facilities are strictly prohibited during the 5-year lock-in.