look news india
Bank FD Scheme: Public sector Bank of India has launched a new Festive Season Fixed Deposit Scheme. On which the bank is giving attractive returns. In this scheme, you are getting more interest than normal FD. Apart from this, the bank has also updated the interest rate for term deposits of less than Rs 3 crore.
Under its new scheme, BOI is offering 7.45% interest to common citizens on 400 days non-callable FD (investment above Rs 1 crore). The interest rate for senior citizens is 7.95% and for super senior citizens is 8.10%. Whereas, in the callable FD option, general citizens are getting 7.30% interest, senior citizens are getting 7.80% interest and super senior citizens are getting 7.95% interest.
About FD Scheme (Bank of India FD Scheme)
The scheme is available to all Indian citizens, NRE and NRO account holders. Interested customers can avail it from 27th September. It is available at all Bank of India branches, BOI Omni Neo App and Internet Banking platform. The minimum investment amount has been fixed at Rs 10,000 and the maximum at less than Rs 3 crore. For additional information related to FD scheme, you can visit the official website of BOI or the nearest branch.
What is the return on other callable FDs? (BOI Latest FD Rates)
7 to 14 days – 3%
15 to 30 days – 3%
31 to 45 days – 3%
46 to 90 days – 4.5%
91 to 179 days – 4.50%
180 to 210 days – 6%
211 to 269 days – 6%
270 days to less than 1 year – 6%
1 year – 6.80%
1 year and less than 2 years – 6.80%
400 days – 7.30%
2 years – 6.80%
2 years and less than 3 years – 6.75%
3 years to less than 5 years – 6.50%
5 years to less than 8 years – 6%
8 years and above 10 years – 6%