Good news for the Bank of India (BOI) customers. In a bid to celebrate the festive season, BOI has launched a Special 400-Day Retail Term Deposit for amounts under Rs 3 crore.
The bank is offering an appealing interest rate of 8.10% per annum for Super Senior Citizens, 7.95% for Senior Citizens, and 7.45% for other customers under Non-callable deposits (for deposits exceeding Rs 1 crore).
For callable deposits that allow for premature withdrawal, the bank provides competitive interest rates of 7.95% per annum for Super Senior Citizens, 7.80% for Senior Citizens, and 7.30% for other customers.
Also Read: Senior Citizen Fixed Deposits: Book best FDs before rates get revised post RBI rate cut
This exclusive 400-Day Fixed Deposit is available to Resident Indians, NRE, and NRO depositors in Domestic Rupees for amounts less than Rs 3 crore.
The Special 400-Day Retail Term Deposit will be accessible from September 27, 2024, at all BOI branches, and can also be obtained through digital platforms such as the BOI Omni Neo App and Internet Banking.