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.
Interest Rate |
5-7% premium over the interest offered to the deposit. |
---|---|
Loan Amount (for online overdraft against FD) |
₹10,000 to ₹10 Crore |
Type of Loan Facility |
Overdraft Facility upto 90 % of the FD amount. |
Processing fees |
Zero processing fees and prepayment penalties |
Bank of India (BOI) FD Interest Rates 2024
The Bank of India (BOI) is one of India’s oldest and most well-known nationalised banks. BOI’s headquarters are in Mumbai. It provides the necessary banking and financial services to both retail and corporate customers. The Bank of India is also a founding member of SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunications. SWIFT offers low-cost financial processing and communication services.
Bank of India provides its customers with a variety of FD options through which they can secure their investments and earn interest. Bank of India FD rates are often higher than savings account interest rates. Customers are permitted to deposit a specified amount while opening an account. Additional money deposits and withdrawals are not permitted during the current tenure.
Table of Content
- Bank of India (BOI) FD Rates 2024 (Less than ₹2 Crore)
- Bank of India (BOI) FD Interest Rates (₹2 Crore to ₹10 crore)
- Benefits of Bank of India (BOI) Fixed Deposit
- Types of Bank of India (BOI) FD Schemes
- How to Invest in Bank of India (BOI) FD?
- Eligibility to Open a Bank of India (BOI) FD Account
- Documents Required to Open Bank of India (BOI) FD
- Tax on Bank of India Fixed Deposit
- Loan Against Bank of India (BOI) FD
- Premature Closure of Bank of India (BOI) Fixed Deposit
- Frequently Asked Questions (FAQs)
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