New Delhi:
Bank of India (BOI) has announced an increase in Fixed Deposit (FD) interest rates, effective from August 1, 2024.
The updated rates apply to FDs ranging from 7 days to 10 years, with interest rates now ranging from 3% to 8.30% for amounts up to ₹3 crore.
Here’s a breakdown of the new rates:
Interest Rates on Fixed Deposits
For General Public:
7 days to 14 days: 3.00%
- 15 days to 30 days: 3.00%
- 31 days to 45 days: 3.00%
- 46 days to 90 days: 4.50%
91 days to 179 days: 4.50%
180 days to 210 days: 6.00%
- 211 days to 269 days: 6.00%
- 270 days to less than 1 year: 6.00%
1 year: 6.80%
More than 1 year and less than 2 years: 6.80%
- 666 days: 7.30%
- 2 years: 6.80%
More than 2 years and less than 3 years: 6.75%
More than 3 years and less than 5 years: 6.50%
- Above 5 years and below 8 years: 6.00%
Above 8 years and up to 10 years: 6.00%
For Senior Citizens:
7 days to 14 days: 3.50%
- 15 days to 30 days: 3.50%
- 31 days to 45 days: 3.50%
- 46 days to 90 days: 5.00%
91 days to 179 days: 5.00%
180 days to 210 days: 6.50%
- 211 days to 269 days: 6.50%
- 270 days to less than 1 year: 6.50%
1 year: 7.30%
More than 1 year and less than 2 years: 7.30%
- 666 days: 8.30%
- 2 years: 7.30%
More than 2 years and less than 3 years: 7.25%
More than 3 years and less than 5 years: 7.00%
- Above 5 years and below 8 years: 6.50%
Above 8 years and up to 10 years: 6.50%
For the latest information and to open a Fixed Deposit with Bank of India, visit their official website or contact your nearest branch.
