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 fd interest ratesBank of India interest rates for Fixed deposits February 2019 (Domestic / NRO):

For Deposits Below 1 CroreFor Deposits 1-10 Crore
7 Days to 14 Days5.25%4.80%
15 Days to 30 Days5.25%4.80%
31 Days to 45 Days5.25%4.80%
46 Days to 60 Days5.75%4.80%
61 Days to 90 Days5.75%4.80%
91 Days to 180 Days6.00%4.90%
181 Days to 270 Days6.25%5.00%
271 Days to 1 Year6.25%5.00%
1 Year to 2 Years6.65%6.50%
2 Years to 3 Years6.70%6.60%
3 Years to 8 Years6.50%5.25%
8 Years to 10 Years6.35%5.25%

Above 10 crore Deposits (Domestic/NRO deposits):

Maturity Period Interest rate ( % p.a.)
 7 Days to 14 DaysContact 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 croreDeposit 1-10 croreFor deposit above 10 crore
 1 Year to 2 Years6.65%6.50%Contact Branch
 2 Years to 3 Years6.70%6.60%
 3 Years to 5 Years6.50%5.25%
 5 Years to 10 Years6.50%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

Calculate Maturity Value Now

To get details in depth, check out official bank website link @

Table Updated: 19 February 2019


  1. 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.

  2. Pl. inform me whether I will get interest on autorevised fixed deposit less than 30 days?

    Gotkhindikar U. R.

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