Bank of India (BOI) on Friday launched a 400-day fixed deposit program as part of its festive season offerings.
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The bank offers an interest rate of 8.10 percent per annum for the so-called super senior citizens, 7.95 percent for senior citizens and 7.45 percent for other customers with non-demand deposits (which are above Rs 1 crore).
Under demand deposits with the option of early withdrawal, the bank is offering an interest rate of 7.95 percent per annum (annual) for super seniors, 7.80 percent for seniors and 7.30 percent for other customers.
Main features of the scheme:
Duration: 400 days
Bail amount: Less than Rs 3 crore
Availability: All branches and digital channels (BOI Omni Neo App/Internet banking)
Eligible Depositors: Resident Indians, NRE (Non-Resident External) accounts and NRO (Non-Resident Ordinary) account holders
Interest rates:
Non-call deposits (for amounts above Rs 1 crore):
– Super seniors: 8.10 percent per year
– Seniors: 7.95 percent per year
– Other customers: 7.45 percent per year
Demand deposits (with early withdrawal option):
– Super seniors: 7.95 percent per year
– Seniors: 7.80 percent per year
– Other customers: 7.30 percent per year
Customers interested in the scheme can visit their nearest BOI branch or use the bank’s digital platforms – BOI Omni Neo App or Internet Banking – to open a fixed deposit under this scheme.
List of recently revised interest rates by BOI:
First publication: September 27, 2024 | 1:55 p.m IST