Bank of India Introduces 400-Day Fixed Deposit Scheme for Festive Season

Bank of India Introduces 400-Day Fixed Deposit Scheme for Festive Season

In a bid to attract customers during the festive season, Bank of India (BOI) has unveiled a new 400-day fixed deposit scheme. This offering features competitive interest rates tailored to different customer categories, making it an attractive option for depositors.

For non-callable deposits exceeding ₹1 crore, the bank is offering an interest rate of 8.10% per annum for super senior citizens, 7.95% for senior citizens, and 7.45% for other customers. For those opting for callable deposits, which allow for premature withdrawal, the rates are set at 7.95% for super senior citizens, 7.80% for senior citizens, and 7.30% for other customers.

This fixed deposit scheme is available for amounts up to ₹3 crore and can be accessed through all BOI branches as well as digital platforms, including the BOI Omni Neo App and Internet Banking.

The eligibility criteria for the scheme include resident Indians and holders of Non-Resident External (NRE) and Non-Resident Ordinary (NRO) accounts. Customers interested in taking advantage of this fixed deposit offering can visit their nearest BOI branch or utilize the bank's digital services to set up their deposits.