Bank of India Recurring Deposit Rates 2025

Updated on October 5, 2025 , 17932 views

The Recurring deposit scheme offered by the Bank of India (BOI) is a special type of deposit account which allows a depositor, particularly in the fixed Income group to save monthly by paying into the account over a stipulated period. In this deposit, the longer one invests, the higher is the rate of interest subject to rules.

A recurring deposit is an investment cum savings option for those who want to save regularly over a certain period of time and earn a higher interest rate. It is a type of term deposit which allows one to save a fixed amount of money every month systematically. If you are familiar with SIP in Mutual Funds, RD works similarly in banking. Every month, a fixed amount of money is deducted either from a savings or a current account. And, at the end of the maturity, investors are paid back their invested money with accrued interest.

A user willing to open an RD account with Bank of India can choose any amount and term according to your convenience.

Bank of India RD Interest Rates 2025

Here's the list of RD interest rate for deposits less than INR 2 Crore.

Tenure	Regular Deposit (p.a.)
180 days to less than a year	4.35%
One year to less than two years	5.00%
Two years to less than three years	5.20%
Three years to less than five years	5.20%
Above five years to 10 years	5.20%

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

Bank of India Senior Citizen RD Rates 2025

Here's the list of senior citizen RD interest rate for deposits less than INR 2 Crore.

Tenure	Deposit (p.a.)
180 days to 269 days	5.25%
270 days to 364 days	5.25%
1 year up to 1 year 364 days	5.75%
2 years up to 2 years 364 days	5.80%
3 years up to 4 years 364 days	5.80%
5 years up to 7 years 364 days	5.80%
8 years up to 10 years	5.80%

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

BOI RD Calculator

RD Calculator

Investment Amount:₹180,000

Interest Earned:₹19,122

Maturity Amount: ₹199,122

A Recurring Deposit calculator is a good way of calculating maturity amount on RD. You can follow this method to estimate your RD amount on maturity.

Illustration-

RD Calculator	INR
Monthly Deposit Amount	500
RD in month	60
Rate of Interest	7%
RD Maturity Amount	INR 35,966
Interest Earned	INR 5,966

Types of RD Accounts

Only individuals are eligible to open accounts under the scheme. Thus, the Recurring Deposit Accounts in BOI can be opened in the names of:

Individual — Single Accounts
Two or more individuals — Joint Accounts
Illiterate Persons
Blind Persons
Minors

Features of BOI RD Scheme

Some of the features of Bank of India Recurring Deposit scheme are:

Tenure

A recurring deposit account of Bank of India, where the compounding of interest is to be done on a quarterly Basis shall be accepted for tenure in multiples of three months only up to the maximum period of ten years

Amount Deposit

The RDs will be in equal monthly instalments. For metro and urban branches the core monthly instalment should be of minimum INR 500. And in semi urban/rural branches the minimum is INR 100 and in its multiples. There is no maximum limit on deposits

Penalty

In this RD scheme, installments of any calendar month should be paid on or before the last working day of that calendar month. And if the payment is not made a penalty will be charged on the installments in arrears at the following rates:

INR 1.50 for every INR 100 p.m. for deposits of five years and less
INR 2.00 for every INR 100 p.m. for deposits of over five years

Ready to Invest?
Talk to our investment specialist

Documents to Open Axis Bank RD Account

1. Proof of Identity

Passport
PAN Card
Voter ID card
Driving license
Government ID card
Photo ration card
Senior citizen ID card

2. Address proof

Passport
Telephone bill
Electricity bill
Bank statement with Cheque
Certificate/ ID card issued by Post Office

Why Investing in SIP is Beneficial?

Systematic Investment plan (SIP) is a way to put your money in mutual funds. Investment can be done on a periodic basis - daily, weekly, monthly or quarterly
You need to deposit a small amount of money at every interval. The minimum amount can be as low as INR 500
SIPs can help in all kinds of investment goals, whether short- or long –term, depending on the frequency of investment, funds chosen and other factors
SIPs offer flexible instalment plans of daily, weekly, monthly, quarterly etc
Returns can be earned better here. The longer you invest via a SIP in mutual funds, especially in an Equity Fund, the higher are the chances to earn good returns
To Cancel SIP, the investors can simply close their investment and withdraw their money without any penal charges

Best Performing SIPs to Invest 2025

Here's a list of best performing equity SIPs for an investment horizon of five years and above

Fund	NAV	Net Assets (Cr)	Min SIP Investment	3 MO (%)	6 MO (%)	1 YR (%)	3 YR (%)	5 YR (%)	2024 (%)
DSP US Flexible Equity Fund Growth	₹71.5432 ↓ -0.33	₹1,000	500	13.3	44.3	29.6	22.6	18.3	17.8
Franklin Asian Equity Fund Growth	₹34.343 ↓ 0.00	₹260	500	12	23.7	14	13.7	5	14.4
ICICI Prudential Banking and Financial Services Fund Growth	₹134.48 ↑ 0.09	₹9,688	100	-0.6	13.6	10.4	16.4	21.1	11.6
Aditya Birla Sun Life Banking And Financial Services Fund Growth	₹61.13 ↑ 0.06	₹3,374	1,000	-1.2	14.2	9.1	16.2	21.3	8.7
Invesco India Growth Opportunities Fund Growth	₹101.52 ↑ 0.05	₹8,125	100	0.9	23.4	8.6	24.7	23.2	37.5
Kotak Standard Multicap Fund Growth	₹85.487 ↑ 0.04	₹53,626	500	-1.5	17.6	5.1	17.5	19	16.5
Kotak Equity Opportunities Fund Growth	₹346.022 ↑ 0.57	₹27,655	1,000	0.4	18.6	2.7	19.4	22	24.2
Mirae Asset India Equity Fund Growth	₹113.549 ↑ 0.17	₹39,477	1,000	-0.5	14.9	2.5	13.4	16.5	12.7
Franklin Build India Fund Growth	₹142.482 ↑ 0.39	₹2,884	500	-0.6	17	1.2	27.8	33.4	27.8
Axis Focused 25 Fund Growth	₹55.33 ↑ 0.36	₹12,286	500	-0.6	13.5	0.9	10.7	13	14.8
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 6 Oct 25

Research Highlights & Commentary of 10 Funds showcased

Commentary	DSP US Flexible Equity Fund	Franklin Asian Equity Fund	ICICI Prudential Banking and Financial Services Fund	Aditya Birla Sun Life Banking And Financial Services Fund	Invesco India Growth Opportunities Fund	Kotak Standard Multicap Fund	Kotak Equity Opportunities Fund	Mirae Asset India Equity Fund	Franklin Build India Fund	Axis Focused 25 Fund
Point 1	Bottom quartile AUM (₹1,000 Cr).	Bottom quartile AUM (₹260 Cr).	Upper mid AUM (₹9,688 Cr).	Lower mid AUM (₹3,374 Cr).	Lower mid AUM (₹8,125 Cr).	Highest AUM (₹53,626 Cr).	Upper mid AUM (₹27,655 Cr).	Top quartile AUM (₹39,477 Cr).	Bottom quartile AUM (₹2,884 Cr).	Upper mid AUM (₹12,286 Cr).
Point 2	Established history (13+ yrs).	Established history (17+ yrs).	Established history (17+ yrs).	Established history (11+ yrs).	Established history (18+ yrs).	Established history (16+ yrs).	Oldest track record among peers (21 yrs).	Established history (17+ yrs).	Established history (16+ yrs).	Established history (13+ yrs).
Point 3	Top rated.	Rating: 5★ (top quartile).	Rating: 5★ (upper mid).	Rating: 5★ (upper mid).	Rating: 5★ (upper mid).	Rating: 5★ (lower mid).	Rating: 5★ (lower mid).	Rating: 5★ (bottom quartile).	Rating: 5★ (bottom quartile).	Rating: 5★ (bottom quartile).
Point 4	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: Moderately High.	Risk profile: High.	Risk profile: Moderately High.
Point 5	5Y return: 18.32% (lower mid).	5Y return: 5.03% (bottom quartile).	5Y return: 21.06% (upper mid).	5Y return: 21.28% (upper mid).	5Y return: 23.25% (top quartile).	5Y return: 19.01% (lower mid).	5Y return: 22.04% (upper mid).	5Y return: 16.48% (bottom quartile).	5Y return: 33.45% (top quartile).	5Y return: 12.96% (bottom quartile).
Point 6	3Y return: 22.61% (upper mid).	3Y return: 13.71% (bottom quartile).	3Y return: 16.38% (lower mid).	3Y return: 16.16% (lower mid).	3Y return: 24.66% (top quartile).	3Y return: 17.46% (upper mid).	3Y return: 19.38% (upper mid).	3Y return: 13.41% (bottom quartile).	3Y return: 27.83% (top quartile).	3Y return: 10.72% (bottom quartile).
Point 7	1Y return: 29.62% (top quartile).	1Y return: 14.04% (top quartile).	1Y return: 10.37% (upper mid).	1Y return: 9.12% (upper mid).	1Y return: 8.57% (upper mid).	1Y return: 5.06% (lower mid).	1Y return: 2.66% (lower mid).	1Y return: 2.52% (bottom quartile).	1Y return: 1.24% (bottom quartile).	1Y return: 0.89% (bottom quartile).
Point 8	Alpha: -2.48 (bottom quartile).	Alpha: 0.00 (lower mid).	Alpha: -2.57 (bottom quartile).	Alpha: -6.06 (bottom quartile).	Alpha: 11.03 (top quartile).	Alpha: 3.91 (top quartile).	Alpha: 0.72 (upper mid).	Alpha: 1.60 (upper mid).	Alpha: 0.00 (lower mid).	Alpha: 1.86 (upper mid).
Point 9	Sharpe: 0.77 (top quartile).	Sharpe: 0.49 (top quartile).	Sharpe: 0.03 (upper mid).	Sharpe: -0.18 (upper mid).	Sharpe: 0.03 (upper mid).	Sharpe: -0.37 (lower mid).	Sharpe: -0.51 (bottom quartile).	Sharpe: -0.52 (bottom quartile).	Sharpe: -0.64 (bottom quartile).	Sharpe: -0.49 (lower mid).
Point 10	Information ratio: -0.62 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: 0.32 (top quartile).	Information ratio: 0.14 (upper mid).	Information ratio: 1.26 (top quartile).	Information ratio: 0.19 (upper mid).	Information ratio: 0.13 (upper mid).	Information ratio: -0.17 (bottom quartile).	Information ratio: 0.00 (lower mid).	Information ratio: -1.03 (bottom quartile).

DSP US Flexible Equity Fund

Bottom quartile AUM (₹1,000 Cr).
Established history (13+ yrs).
Top rated.
Risk profile: High.
5Y return: 18.32% (lower mid).
3Y return: 22.61% (upper mid).
1Y return: 29.62% (top quartile).
Alpha: -2.48 (bottom quartile).
Sharpe: 0.77 (top quartile).
Information ratio: -0.62 (bottom quartile).

Franklin Asian Equity Fund

Bottom quartile AUM (₹260 Cr).
Established history (17+ yrs).
Rating: 5★ (top quartile).
Risk profile: High.
5Y return: 5.03% (bottom quartile).
3Y return: 13.71% (bottom quartile).
1Y return: 14.04% (top quartile).
Alpha: 0.00 (lower mid).
Sharpe: 0.49 (top quartile).
Information ratio: 0.00 (lower mid).

ICICI Prudential Banking and Financial Services Fund

Upper mid AUM (₹9,688 Cr).
Established history (17+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 21.06% (upper mid).
3Y return: 16.38% (lower mid).
1Y return: 10.37% (upper mid).
Alpha: -2.57 (bottom quartile).
Sharpe: 0.03 (upper mid).
Information ratio: 0.32 (top quartile).

Aditya Birla Sun Life Banking And Financial Services Fund

Lower mid AUM (₹3,374 Cr).
Established history (11+ yrs).
Rating: 5★ (upper mid).
Risk profile: High.
5Y return: 21.28% (upper mid).
3Y return: 16.16% (lower mid).
1Y return: 9.12% (upper mid).
Alpha: -6.06 (bottom quartile).
Sharpe: -0.18 (upper mid).
Information ratio: 0.14 (upper mid).

Invesco India Growth Opportunities Fund

Lower mid AUM (₹8,125 Cr).
Established history (18+ yrs).
Rating: 5★ (upper mid).
Risk profile: Moderately High.
5Y return: 23.25% (top quartile).
3Y return: 24.66% (top quartile).
1Y return: 8.57% (upper mid).
Alpha: 11.03 (top quartile).
Sharpe: 0.03 (upper mid).
Information ratio: 1.26 (top quartile).

Kotak Standard Multicap Fund

Highest AUM (₹53,626 Cr).
Established history (16+ yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately High.
5Y return: 19.01% (lower mid).
3Y return: 17.46% (upper mid).
1Y return: 5.06% (lower mid).
Alpha: 3.91 (top quartile).
Sharpe: -0.37 (lower mid).
Information ratio: 0.19 (upper mid).

Kotak Equity Opportunities Fund

Upper mid AUM (₹27,655 Cr).
Oldest track record among peers (21 yrs).
Rating: 5★ (lower mid).
Risk profile: Moderately High.
5Y return: 22.04% (upper mid).
3Y return: 19.38% (upper mid).
1Y return: 2.66% (lower mid).
Alpha: 0.72 (upper mid).
Sharpe: -0.51 (bottom quartile).
Information ratio: 0.13 (upper mid).

Mirae Asset India Equity Fund

Top quartile AUM (₹39,477 Cr).
Established history (17+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 16.48% (bottom quartile).
3Y return: 13.41% (bottom quartile).
1Y return: 2.52% (bottom quartile).
Alpha: 1.60 (upper mid).
Sharpe: -0.52 (bottom quartile).
Information ratio: -0.17 (bottom quartile).

Franklin Build India Fund

Bottom quartile AUM (₹2,884 Cr).
Established history (16+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: High.
5Y return: 33.45% (top quartile).
3Y return: 27.83% (top quartile).
1Y return: 1.24% (bottom quartile).
Alpha: 0.00 (lower mid).
Sharpe: -0.64 (bottom quartile).
Information ratio: 0.00 (lower mid).

Axis Focused 25 Fund

Upper mid AUM (₹12,286 Cr).
Established history (13+ yrs).
Rating: 5★ (bottom quartile).
Risk profile: Moderately High.
5Y return: 12.96% (bottom quartile).
3Y return: 10.72% (bottom quartile).
1Y return: 0.89% (bottom quartile).
Alpha: 1.86 (upper mid).
Sharpe: -0.49 (lower mid).
Information ratio: -1.03 (bottom quartile).

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.