Bank of India provides higher interest rates for Fixed deposits. For a standard amount of less than a crore (which is the amount the major chunk of public invest being commoners), it offers the interest rates which are better than other banks.
The interest rate is 6.65-6.70 percent for a period of 1-5 years (even above 5 years) which can be considered good by fewer term investors and not so good by comparatively higher term investors because for just a year 6.50 percent is not bad at all but for 5 years it is considerably less.
For state bank of India: Sbi Fixed deposit Interest rates
Nevertheless, the rates offered are huge enough which compensate very well with the lack of liquidity prevailing with FDs. The rates are far greater than savings account interest rates in all the cases. Below rates are effective from 7 September 2018.
Bank of India interest rates for Fixed deposits February 2019 (Domestic / NRO):
| TIME PERIOD | INTEREST RATES | |
|---|---|---|
| For Deposits Below 1 Crore | For Deposits 1-10 Crore | |
| 7 Days to 14 Days | 5.25% | 4.80% |
| 15 Days to 30 Days | 5.25% | 4.80% |
| 31 Days to 45 Days | 5.25% | 4.80% |
| 46 Days to 60 Days | 5.75% | 4.80% |
| 61 Days to 90 Days | 5.75% | 4.80% |
| 91 Days to 180 Days | 6.00% | 4.90% |
| 181 Days to 270 Days | 6.25% | 5.00% |
| 271 Days to 1 Year | 6.25% | 5.00% |
| 1 Year to 2 Years | 6.65% | 6.50% |
| 2 Years to 3 Years | 6.70% | 6.60% |
| 3 Years to 8 Years | 6.50% | 5.25% |
| 8 Years to 10 Years | 6.35% | 5.25% |
Above 10 crore Deposits (Domestic/NRO deposits):
| Maturity Period | Interest rate ( % p.a.) |
|---|---|
| 7 Days to 14 Days | Contact Branch |
| 15 Days to D0 Days | “ |
| 31 Days to 45 Days | “ |
| 46 Days to 90 Days | “ |
| 91 Days to 180 Days | “ |
| 180 Days to 270 Days | “ |
| 270 Days to 1 Year | “ |
| 13 Months | “ |
| 13 Months to 2 Years | “ |
| 3 Years to 5 Years | “ |
| 5 Years to 10 Years | “ |
Bank of India NRE Deposit Rates February 2019:
| Maturity Range | For Deposit below 1 crore | Deposit 1-10 crore | For deposit above 10 crore |
|---|---|---|---|
| 1 Year to 2 Years | 6.65% | 6.50% | Contact Branch |
| 2 Years to 3 Years | 6.70% | 6.60% | “ |
| 3 Years to 5 Years | 6.50% | 5.25% | “ |
| 5 Years to 10 Years | 6.50% | 5.25% | “ |
Important Notes:
- You have to contact branch for deposits above 10 crores for prior approval.
- Additional interest .50% is Payble to senior citizen and staff for deposits below one crore only.
- Additional rates are not given on NRE/NRO deposits.
These were Bank of India FD interest rates details. You can also compare it with all other Indian Banks Banks interest rates.
Bank of India Fixed Deposit Interest Calculator
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To get details in depth, check out official bank website link @ http://www.bankofindia.co.in/english/RupeeTermDeposit.aspx
Table Updated: 19 February 2019
Please update latest fixed deposit rates..
If I keep 1600000 for 5years what amount I get monthly…..
Bank of interest rates are good but low comparison than others.
I would like to deposit 5 lakhs for one year. How much I would get every month and also let me know the how much I would get If I leave for one year.
If I keep 180000 for 5 years what amount I get monthly.
if i keep 150000 for 10 years i get monthly.
for a senior citizen, how much he will get interest per month for fix deposit of 10 lakh rupees for minimum 5 years
can i renew my f.d.amount which is in bank of India, if i am in England? please reply
Please update Fd rates for senior citizens.
Pl. inform me whether I will get interest on autorevised fixed deposit less than 30 days?
Gotkhindikar U. R.
sir,actually i invest 2.5lack for my baby marriage.show suggest me best scheme.