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 7.00 percent for a period of 1-5 years (even above 5 years) which can be considered good by less term investors and not so good by comparatively higher term investors because for just an year 7.00 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 2 December, 2016.

bank of india fd interest ratesBank of India interest rates for Fixed deposits 2017 (Domestic / NRO):

TIME PERIODINTEREST RATES
For Deposits Below 1 CroreFor Deposits 1-10 Crore
7 Days to 14 Days4.00%4.25%
15 Days to 30 Days4.25%4.50%
31 Days to 45 Days4.25%4.50%
46 Days to 60 Days6.50%5.75%
61 Days to 90 Days6.50%5.75%
91 Days to 180 Days6.50%6.00%
181 Days to 270 Days6.75%6.00%
271 Days to 1 Year6.90%6.00%
1 Year to 2 Years7.00%6.50%
2 Years to 3 Years7.00%6.25%
3 Years to 5 Years6.90%6.25%
5 Years to 10 Years6.90%6.25%

Above 10 crore Deposits (Domestic/NRO deposits):

Maturity Period Interest rate ( % p.a.)
 7 Days to 14 Days 4.50%
 15 Days to D0 Days 4.50%
 31 Days to 45 Days 4.50%
 46 Days to 90 Days 4.50%
 91 Days to 180 Days 4.50%
 180 Days to 270 Days 4.75%
 270 Days to 1 Year 4.75%
 13 Months 5.10%
 13 Months to 2 Years 5.10%
 2 Years to 3 Years 5.10%
 3 Years to 5 Years 5.10%
 5 Years to 10 Years 5.50%

Bank of India NRE Deposit Rates 2017:

Maturity Range For Deposit below 1 croreDeposit 1-10 croreFor deposit above 10 crore
 1 Year to 2 Years 7.00% 6.50% 5.10%
 2 Years to 3 Years 7.00% 6.25% 5.10%
 3 Years to 5 Years 6.90% 6.25% 5.10%
 5 Years to 10 Years 6.90% 6.25% 5.50%

Table Updated: 3 January, 2017

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 is 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.

To get details in depth, check out official bank website link @ http://www.bankofindia.co.in/english/RupeeTermDeposit.aspx

10 Comments

  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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