Benefits of Bank of India (BOI) Fixed Deposit

Bank of India (BOI) FD Rates 2024 (Less than ₹2 Crore)

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Bank of India (BOI) FD Interest Rates (₹2 Crore to ₹10 crore)

Tenure Regular Interest Rate 7 days to 14 days 4.50% 15 days to 30 days 4.50% 31 days to 45 days 4.50% 46 days to 90 days 5.25% 91 days to 179 days (except 175 days) 6.00% 175 days (New Bucket) 7.50% 180 days to 210 days 6.25% 211 days to 269 days 6.50% 270 days to less than 1 year 6.50% 1 Year 7.25% Above 1 Year to less than 2 Years 6.75% 2 Years 6.50% Above 2 Years to less than 3 Years 6.50% 3 Years to less than 5 Years 6.00% 5 Years to less than 8 Years 6.00% 8 years & above to 10 Years 6.00%...

Benefits of Bank of India (BOI) Fixed Deposit

1. Tenure: It provides fixed deposits with a minimum tenure of 7 days and a maximum tenure of 10 years....

Types of Bank of India (BOI) FD Schemes

1. Regular Fixed Deposit...

How to Invest in Bank of India (BOI) FD?

There are several ways to create an Bank of India FD account, including offline, Internet Banking, and using a mobile app....

Eligibility to Open a Bank of India (BOI) FD Account

When considering to invest in Bank of India FDs, investors have to fulfil the following criteria:...

Documents Required to Open Bank of India (BOI) FD

For Opening an FD in Bank of India Investors must ensure that they have the following documents with them :...

Tax on Bank of India Fixed Deposit

A Bank of India Tax Saving FD investment can result in annual tax savings of up to Rs. 1,50,000. Under Section 80C of the Income Tax Act, no other Bank of India FDs are eligible for tax savings....

Loan Against Bank of India (BOI) FD

To meet urgent personal or business financial demands without compromising the FD. Depositors can borrow up to 90% of their FD as an overdraft facility at nominal interest rate with no processing fees and foreclosure charges....

Premature Closure of Bank of India (BOI) Fixed Deposit

Premature withdrawal is permitted on all Bank of India Fixed Deposits. The BOI charges a 0.5% penalty for withdrawals of deposits less than ₹5 lakhs before the end of the 12-month period. Suppose the savings under INR 5 lakhs are withdrawn after 12 months then ,there will be no penalty in that situation. BOI charges a 0.5% penalty for premature withdrawals before or after 12 months on any deposits above ₹5 lakhs....

Frequently Asked Questions (FAQs)

1. Can both account holders get income tax benefits in the case of a joint account?...