Bank of india fd rates

Bank of India has revised the fixed deposit (FD) interest rates with effect from January 10, 2023 for amounts below Rs 2 crore According to the Bank of India's website, senior citizens would receive an additional interest rate of 0.50 percent per year if the term of the FD is six months or more, and up to ten years for a minimum deposit of Rs 5,000. If a senior citizen chooses a three-year or longer term FD, an additional 0.75 percent will be given instead of 0.50 percent According to the Bank of India press release, "Following the revision, bank offers rate of interest rate of 7.05% in special term deposit bucketof 444 days for general customers. It provides an interest rate of 7.55 % for senior itizens for deposit period of 444 days and 7.25% for tenor of 2 years to below 5 years." Bank of India FD interest rate from January 10, 2023 Fixed deposits with terms ranging from 46 to 179 days will earn 4.50 percent after the revision. The annual interest rate on a 180-day to 269 days FD is 5 percent. For deposit term of 1 year to less than 2 years (except 444 Days) will fetch an interest rate of 6 percent. The new tenor of 444 days will fetch highest interest rate of 7.05 percent. Longer-term FDs with maturities of two years to less than three years will earn 6.75 percent. Interest rate is 6.50 for tenure of 3 years to less than 5 years The interest rate for FDs with terms of five years or longer is 6 percent. Min. tenor is 1 Year and Max. 10 Years) Deposits less than Rs.2 Cr ...

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As per the bank's website, the senior citizen will get an additional interest rate of 0.50 per cent per annum if the period of FD is six months and above and up to 10 years for a minimum deposit of Rs 5,000. If a senior citizen opts for FD tenure of three years and above, then an additional 0.75 per cent will be given instead of 0.50 per cent Maturity Buckets Interest rate (%) on deposits less than Rs 2 crore 7 days to 14 days 2.85* 15 days to 30 days 2.85 31 days to 45 days 2.85 46 days to 90 days 3.85 91 days to 179 days 3.85 180 days to 269 days 4.60 270 days to less than 1 year 4.60 1 year to less than 2 years (except 555 days) 5.75 555 days 6.30 2 years to less than 3 years (except 777 days) 5.75 777 days 7.25 3 years to less than 5 years 6.25# 5 years to less than 8 years 5.75# 8 years and up to 10 years 5.75# Source: Bank of India's website *Minimum deposit of Rs 1 lakh #Additional premium of 25 bps, over & above the existing 50 bps will be paid to Senior Citizen's on their retail TD (Less than Rs. 2 Cr) for all the tenors of 3 Years & above i.e., 75bps. The bank is offering a 5.75 per cent interest rate on one-year Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Bank of India Fixed Deposit (FD) Interest Calculator Bank of India provides fixed deposits for different periods starting from 7 days to 10 years. The individual can also calculate interest rates on the Bank of India FD Calculator. The Bank of India deposit rates calculator is available on the official portal of the bank. How does the Bank of India FD Calculator Work? Bank of India provides various fixed deposit options from which the customer can choose depending upon their needs and convenience. Different FD options are – Short Deposits, Double Benefit Deposit, Monthly Deposit, Quarterly Deposit, and Star Sunidhi Tax-Saving Deposit. Each Deposit is designed for a different type of customers and organizations to use fixed Deposit as an investment tool for their money and safeguarding their money. The FD rates for different deposits are given in detail in the tables below: For Domestic Deposits: Period Rs 2 Crore < Rs 10 Crore Rs 10 Crore and above General Senior Citizen General Senior Citizen General Senior Citizen 7 - 14 days 3.25 3.75 3.00 - 2.75 - 15 - 30 days 3.25 3.75 3.00 - 2.75 - 31 - 45 days 3.25 3.75 3.00 - 2.75 - 46 - 90 days 4.25 4.75 3.20 - 2.75 - 91-179 days 4.25 4.75 3.25 - 2.75 - 180-269 days 4.75 5.25 3.25 - 2.75 - 270 days to below1 year 4.75 5.25 3.25 - 2.90 - 1 year and above but below 2 years 5.25 5.75 3.50 - 2.90 - 2 years and above but below 3 years 5.30 5.80 3.50 - 3.00 - 3 years and above but below 5 than 5 years 5.30 5.80 3.50 - 3.00 - 5 years and...