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Bank of India Launches New FD Scheme: If you are liking to invest in fixed deposit scheme then there is good news for you. Public sector Bank of India has launched a new FD scheme. By investing in this scheme, you can get the benefit of higher interest rate. The name of this scheme is Star Dhan Vriddhi Scheme. Under this scheme, both common customers and senior citizens are getting the benefit of higher interest rate than normal. Under this scheme, customers can deposit up to Rs 3 crore in the bank.
Know what is Star Dhan Vriddhi Yojana
Under the Star Dhan Vriddhi Scheme of Bank of India, customers are getting the benefit of high interest rate in short period. Under this scheme, you can deposit money for 333 days. On this 333-day scheme, general customers are getting the benefit of 7.25 percent interest rate. At the same time, senior citizens are getting the benefit of 0.50 percent higher interest rate. In this way, they will get the benefit of 7.75 percent interest on deposits. Super senior citizens will get the benefit of 7.90 percent interest. Along with this, the bank has also revised its FD interest rates. The new rates have come into effect from September 1, 2024.
Bank of India is giving this interest rate
The bank is offering 3 percent interest rate to general customers on FD schemes of 7 to 45 days. Whereas, 4.5 percent interest rate is being offered on FD schemes of 46 to 179 days. 6 percent interest rate is being offered on FD schemes of 180 days to 1 year (except 333 days), 7.25 percent interest rate on FD of 333 days, 6.80 percent interest rate on FD schemes of 1 year to 2 years, 6.75 percent interest rate on FD schemes of 2 to 3 years, 6.5 percent interest rate on FD schemes of 3 to 5 years and 6 percent interest rate on FD schemes of more than 5 years. Whereas, the bank is offering 0.50 percent additional interest rate to senior citizen customers.
You can also invest in these special FD schemes
State Bank of India has come up with Amrit Kalash Scheme. Under this scheme, you can invest in 400 days FD scheme. Under this scheme, common citizens are getting the benefit of 7.10 percent interest rate and senior citizens are getting 7.60 percent interest rate. The deadline for this scheme is ending on 30 September.
Indian Bank's special FD scheme i.e. Ind Super 300 Days is offering an interest rate of 7.05 per cent to general customers, 7.55 per cent to senior citizens and 7.80 per cent to super senior citizens.
Punjab & Sind Bank has also come up with special FD schemes of 222 days, 333 days and 444 days. The bank is offering 6.30 percent interest rate on 222 days FD scheme, 7.15 percent on 333 days FD scheme and 7.25 percent on 444 days FD scheme.