Mumbai, Nov 02: Bank of India, one of the public sector banks in India, has increased interest rates on medium and long-term Fixed Deposits of less than Rs. 3 Cr and Rs.3 Crs to less than Rs.10 Crs for tenures from 1 to less than 3 years. Bank has also launched its special FD named “Star Akshay Fixed Deposit” for 500 Days with highest interest rate of 6.85% p.a. for general customers, 7.35% p.a. for Senior Citizen and 7.50% p.a. for Super Senior Citizens.
Interest Rate on BOI Fixed Deposit of less than Rs. 3 Crs for tenure of 1 year’s FD is upward revised to 6.60%, above 1 year to less than 3 year’s FD revised upward to 6.70% p.a. Senior Citizens will get an additional 0.50% p.a. interest and Super Senior Citizens will get additional 0.65% p.a. for deposits below Rs. 3 Cr with maturity of 180 days to less than 3 years. Bank of India has also increased it’s Interest Rate on Fixed Deposits of Rs.3 Crs to less than Rs.10 Crs under select maturity bucket.
Interest Rate on for tenure of 1 year’s FD is upward revised to 6.55%, above 1 year to less than 3 year’s FD revised upward to 6.65% p.a. An extra 0.15% p.a. is offered on non-callable Fixed Deposits for amount of above Rs. 1 Cr accepted for 1 year to 3 years tenure.
Loan against Fixed Deposit and Premature Withdrawal options are available only on callable deposit. Customers can open Fixed Deposits at any Bank of India branch or through the BOI Omni Neo App/internet banking. The revised rates are effective from 2nd November, 2026.
