New Delhi: The Bank of India has revised its FD rates for deposits up to Rs 3 crore and those in the Rs 3-10 crore range with effect from August 1, 2024. The government-owned lender is offering 3-6 per cent returns on Rs 10 crore FDs starting from 7 days up to 10 years.
Bank of India is offering up to 7.3 per cent returns on general deposits up to Rs 3 crore for 666 days. This will translate inot 7.80 per cent returns for senior citizens aged above 60 years but below 80 years. Super senior citizens aged 80 years and above will earn 7.95 per cent interest in this FD tenure.
To be sure the minimum term deposit amount is Rs 10,000, according to the Bank of India.
Senior and super senior citizen FD rates
On tenures of 6 months but less than 3 years, senior citizens will earn an additional 0.50 per cent interest over the general rates.
Super senior citizens will earn an additional 0.65 per cent on FDs of the same tenure.
For tenures of 3 years and above, senior citizens will earn an additional 0.75 per cent interest, while super senior citizens will earn an additional 0.90 per cent over general FD rates.
Maturity
less than Rs.3 Cr
Rs 3-10 Cr
15 days to 30 days
3
4.5
31 days to 45 days
3
4.5
46 days to 90 days
4.5
5.25
91 days to 179 days
4.5
6
180 days to 210 days
6
6.5
211 days to 269 days
6
6.75
270 days to less than 1 year
6
6.75
1 Year
6.8
7.25
Above 1 Year to less than 2 Years (except 666 Days)
6.8
6.75
666 Days
7.3
6.75
2 Years
6.8
6.5
Above 2 Years to less than 3 Years
6.75
6.5
3 Years to less than 5 Years
6.5
6
5 Years to less than 8 Years
6
6
8 years & above to 10 Years
6
6
Bank of India savings bank account interest rate
Bank of India offers 2.75 per cent interest on savings accounts with a balance of less than Rs 1 lakh and 2,90 per cent interest on savings bank acount abalance of Rs 1 lakh and above.
Bank of India FD rates: The state-owned bank has revised fixed deposit rates with effect from August 1, 2024. Check FD rates for general and senior citizens Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
