FD interest rate up to 8.1%: Bank of India launches new FD tenure; who can invest, interest rates These revised FD rates will be in effect starting from September 27, 2024
Bank of India has introduced a special 400-day fixed deposit tenure for amounts less than Rs 3 crore at a higher rate of interest. These FD rates are effective from September 27, 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;}
Special FD interest rate
The bank offers higher interest rate of 8.10% p.a. for Super Senior Citizen, 7.95% for Senior Citizen & 7.45% under Non-callable* deposits (*for deposit above Rs.1.00 crore).5 special FDs offering higher interest rates will end on September 30
Under callable deposits with an option of premature withdrawal, Bank is offering attractive rate of interest of 7.95% p.a. for Super Senior Citizen, 7.80% for Senior Citizen & 7.30% for other customers.
Who can avail
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This special 400-day fixed deposit is available to resident Indian, NRE, and NRO depositors in domestic rupees for less than Rs.3.00 crores.
Discontinued tenor
Note: The deposit under the specific maturity bucket of 333 days for amount bucket of “less than Rs.3 Cr” stands discontinued and the same will not be available from September 27, 2024.
Latest Bank of India FD interest rates
Maturity (For NRE Rupee Term Deposits, min. tenor is 1 Year and Max. 10 Years)For deposits of less than Rs.3 CrRevised w.e.f 27.09.20247 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 Year61 Year6.8Above 1 Year to less than 2 Years (except 400 Days)6.8400 days7.32 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 Years6
Senior citizen callable FD interest rate
#Revised Rates For Senior Citizens w.e.f 27.09.202407 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 days6.5211 days to 269 days6.5211 days to 269 days6.5270 days to less than 1 Year6.51 Year7.3Above 1 Year to less than 2 Years (except 400 Days)7.3400 Days7.82 Years7.3Above 2 Years to less than 3 Years7.253 Years to less than 5 Years7.255 Years to less than 8 Years6.758 years & above to 10 Years6.75
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This story originally appeared on: India Times - Author:Faqs of Insurances
