Bank of India Offers Up to 8.10% Interest on New Fixed Deposit Scheme

In celebration of the festive season, Bank of India (BOI) has introduced a new 400-day fixed deposit scheme that offers attractive interest rates to various customer segments. This initiative aims to provide customers with a lucrative investment opportunity during the festive period.

Here are the key highlights of the new fixed deposit scheme:

1. Attractive Interest Rates: The scheme offers competitive interest rates of 8.10% per annum for super senior citizens, 7.95% for senior citizens, and 7.45% for other customers on non-callable deposits exceeding ₹1 crore.
2. Callable Deposit Options: For those opting for callable deposits with the option of premature withdrawal, the interest rates are set at 7.95% for super senior citizens, 7.80% for senior citizens, and 7.30% for other customers.
3. Eligibility and Deposit Limits: The fixed deposit scheme is available for amounts less than ₹3 crore and is open to resident Indians, as well as NRE (Non-Resident External) and NRO (Non-Resident Ordinary) account holders.
4. Availability: Customers can easily access this scheme through all BOI branches and digital channels, including the BOI Omni Neo App and Internet Banking.
5. Convenient Application Process: Interested customers can visit their nearest BOI branch or utilize the bank’s digital platforms to open a fixed deposit under this festive offering.