Bank of India offers an attractive rate on this special term deposit program

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Bank of India launched a 444-day term deposit program on Thursday with an attractive interest rate of 5.50% per annum. Senior citizens will benefit from an additional interest of 0.50% per annum.

In a statement, the public bank said that this special term deposit program is being launched due to the 117th founding day of the Bank which will be celebrated on September 7, 2022, with the aim of reaffirming its commitment to passing on the benefits of changes in key rates. vis-à-vis its customers and the general public.

The Bank, in its effort to serve all sections of society, viz. employees, entrepreneurs, freelancers, farmers, etc., has always taken all possible measures, keeping value for customers at center stage, he said.

Notably, the offer is available at all branches and online platforms of the bank, including internet banking and the BOI mobile app. However, the offer is valid for a limited time.

Latest Bank of India FD Rates

Maturity bands Deposits below Rs.2 Cr
7 days to 14 days 2.85
15 days to 30 days 2.85
31 days to 45 days 2.85
46 days to 60 days 3.85
61 days to 90 days 3.85
91 days to 179 days 3.85
180 days to 269 days 4.35
270 days to less than 1 year 4.35
1 year to 443 days 5.3
444 days 5.5
445 days to 5.4
2 years to 5.4
3 years to 5.35
5 years to 5.35
8 years and up to 10 years 5.35

As part of the special term deposit, senior citizens will also benefit from an additional interest of 0.50% per annum.

In addition, the bank increased its return on investment by up to 40 basis points on term deposits of various tenors.

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