Earn up to 7.9% FD rate: Bank of India launches new FD tenure, Star Dhan Vriddhi, with higher interest fixed deposit rates
Bank of India has revised its fixed deposit (FD) interest rates for amounts less than Rs 3 crore and launched a new special fixed deposit tenure with higher interest rates. The revised FD rates are effective from September 1, 2024.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} Aadhaar free update, new credit card rules, special FDs, Rupay cards: 9 rule changes and deadlines in September 2024
After the revision, the bank will offer FD interest rates between 3% and 7.25% for tenures between 7 days to 10 years for deposits of less than Rs 3 crore for general citizens.
Bank of India- Star Dhan Vriddhi details
The new tenure launched is 333 days fixed deposit dubbed as Star Dhan Vriddhi, it offers highest interest rate of 7.25%, 7.75% and 7.90% for general citizens, senior citizens, and super senior citizens respectively.Bank of India latest FD interest rates
TenureRevised w.e.f 01.09.20247 days to 14 days315 days to 30 days331 days to 45 days346 days to 90 days4.591 days to 179 days4.5180 days to 210 days6211 days to 269 days6270 days to less than 1 Year (except 333 Days)6333 days (Star Dhan Vriddhi )7.251 Year6.8Above 1 Year to less than 2 Years6.82 Years6.8Above 2 Years to less than 3 Years6.753 Years to less than 5 Years6.55 Years to less than 8 Years68 years & above to 10 Years6Senior citizens and super senior citizens FD rates
For senior citizens, the bank offers an interest rate between 3% to 7.75%. For super senior citizens (aged above 80 years), the bank offers interest rate between 3% to 7.90%.MaturityFor Deposits of Less than Rs. 3 CrFor Deposits of Less than Rs. 3 CrRevised Rates For Senior Citizens w.e.f 01.09.2024Revised Rates For Super Senior Citizens w.e.f 01.09.202407 days to 14 days3315 days to 30 days3331 days to 45 days3346 days to 90 days4.54.591 days to 179 days4.54.5180 days to 210 days6.56.65211 days to 269 days6.56.65270 days to less than 1 Year (except 333 Days)6.56.65333 Days (Star Dhan Vriddhi )7.757.91 Year7.37.45Above 1 Year to less than 2 Years7.37.452 Years7.37.45Above 2 Years to less than 3 Years7.257.43 Years to less than 5 Years7.257.45 Years to less than 8 Years6.756.98 years & above to 10 Years6.756.9Source: Bank website #sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;}
This story originally appeared on: India Times - Author:Faqs of Insurances
