Bank of India FD Rates 2025

The Bank of India is a pioneer in providing financial solutions. The Fixed Deposit (FD) is one of the services that is favoured the most by the customers. Over the years, BOI has been leading an excellent example for other banks to be followed through their fixed deposit schemes.

Bank of India offers multiple fixed deposit options to their customers to park their surplus savings for a fixed tenure. The savings tenure of the FD scheme is set as per the needs of the customers. Starting from the tenure of just seven days, a customer can invest his amount to a maximum of 10 years. Let's have a look at the BOI Fixed Deposit Interest Rates for different tenure.

Bank of India FD Rates (Below INR 2 crore)

The above rates are applicable for deposits of below INR 2 crore.

• *Minimum Deposit INR 1 Lakh
• Figures mentioned in the above table are subject to change without prior information.
• #Additional premium of 25 bps, over & above the existing 50 bps will be paid to senior citizen’s on their retail TD (Less than INR 2 Cr) for all the tenors of 3 Years & above i.e. 75bps

Bank of India FD Rates (INR 2 Cr to INR 10 Cr)

The above rates are applicable for deposits INR 2 Cr & above, but less than INR 10 cr.

Figures mentioned in the above table are subject to change without prior information.

BOI Star Sunidhi Tax-Saving Deposit Scheme

Bank of India offers a fixed deposit scheme called as Star Sunidhi Tax-Saving Deposit Scheme. The FD account is available for all eligible individuals and HUFs residing in India.

Here are the details about BStar Sunidhi Tax-Saving Deposit Scheme:

Bank of India FD – Premature Withdrawal

Penalty on premature withdrawal of the deposit are-

• Deposits less than INR 5 Lacs withdrawn on or after completion of 12 months is NIL
• Deposits less than INR 5 Lacs withdrawn prematurely before completion of 12 months is subjected to 0.50% charges
• Deposits of INR 5 Lacs & above withdrawn prematurely is subjected to 1.00% charges

The penal provisions for premature closure on Bank of India Fixed Deposit are subject to change from time to time and may also vary with deposit schemes.

Documents required to open FD Account in Bank of India

• Identity Proof: PAN Card, Voter ID Card, Driving License, Passport
• Address Proof: Telephone Bill, Electricity Bill, Bank statement With Cheque

Are you Looking for Alternative to Banks Savings Account in Mutual Funds?

Investors who are thinking of parking their money for the short term, you can also consider liquid Mutual Funds. Liquid Funds are an ideal alternative to FDs as they invest in low-risk debt and money market securities.

Here are some features of liquid funds you should know:

• These funds come with no lock-in period
• The money is invested in money Market instruments like a certificate of deposits, commercial papers, treasury bills, and term deposits
• You can exit from the scheme anytime you want. Also, the funds have no entry load and exit loads
• The Underlying assets have low maturity period and provide you low-interest rates
• Most times, you may also get returns higher than bank Savings Account

Best Liquid Funds to Invest 2025