FD interest rate up to 8.1%: Bank of India launches new FD tenure; who can invest, interest rates

Bank of India has introduced a special 400-day fixed deposit tenure for amounts below Rs 3 crore at a higher interest rate. These FD rates are effective from September 27, 2024.

FD Special Interest Rate

The bank offers a higher interest rate of 8.10% per annum for senior citizens, 7.95% for senior citizens and 7.45% for non-redeemable deposits* (*for deposits above Rs 1.00 crore ).

5 Special FDs Offering Higher Interest Rates to End on September 30

For redeemable deposits with early withdrawal option, the Bank offers an attractive interest rate of 7.95% per annum for senior citizens, 7.80% for senior citizens and 7.30% for other customers.

Who can take advantage?

This special 400-day fixed deposit is available to Indian resident depositors, NREs and NROs in domestic rupees under Rs 3.00 crore.

Discontinued tenor
Note: Deposit under the specific maturity period of 333 days for the amount period “less than Rs 3 Cr” is discontinued and the same will not be available from September 27, 2024.Latest Bank of India FD Interest Rates

Maturity (for NRE rupee term deposits, the minimum term is 1 year and the maximum is 10 years) For deposits less than Rs.3 Cr
Reviewed on 09/27/2024
7 days to 14 days 3
15 days to 30 days 3
31 days to 45 days 3
46 days to 90 days 4.5
91 days to 179 days 4.5
180 days to 210 days 6
211 days to 269 days 6
270 days to less than 1 year 6
1 year 6.8
More than 1 year to less than 2 years (except 400 days) 6.8
400 days 7.3
2 years 6.8
More than 2 years to less than 3 years 6.75
3 years to less than 5 years 6.5
5 years to less than 8 years 6
8 years and more to 10 years 6

Redeemable FD Interest Rate for Senior Citizens

#Revised rates for seniors on 09/27/2024
07 days to 14 days 3
15 days to 30 days 3
31 days to 45 days 3
46 days to 90 days 4.5
91 days to 179 days 4.5
180 days to 210 days 6.5
211 days to 269 days 6.5
211 days to 269 days 6.5
270 days to less than 1 year 6.5
1 year 7.3
More than 1 year to less than 2 years (except 400 days) 7.3
400 days 7.8
2 years 7.3
More than 2 years to less than 3 years 7.25
3 years to less than 5 years 7.25
5 years to less than 8 years 6.75
8 years and more to 10 years 6.75

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