Bank of India

Bank of India

* Minimum Deposit Amount for above maturities and bucket is Rs.10,000/- except court orders/special deposit categories.

Branches/ Customers Should Note The Eligibility Of Additional Rate Of Interest On TDR As Per The Following Guidelines Currently In Force:

1. Senior Citizen with age of 60 years (completed) & above but less than 80 years will be eligible for additional rate of interest of 0.50% on their Retail Term Deposits (Less than Rs. 3 Cr) for the tenors of minimum 6 months & above (but less than 3 years).
2. Super Senior Citizen with age of 80 years (completed) & above will be eligible for additional rate of interest of 0.65% on their Retail Term Deposits (Less than Rs. 3 Cr) for the tenors of minimum 6 months & above (but less than 3 years).
3. Senior Citizen are eligible for an additional 0.25% ROI, over & above the regular (as per para 6) 0.50% ROI on their Retail Term Deposits (Less than Rs. 3 Cr) for the tenors of 3 years & above and up to 10 years. In such cases effective eligibility of additional ROI will be 0.75% p.a.
4. Super Senior Citizen are eligible for an additional 0.25% ROI, over & above the regular (as per para 6) 0.65% ROI on their Retail Term Deposits (Less than Rs. 3 Cr) for the tenors of 3 years & above and up to 10 years. In such cases effective eligibility of additional ROI will be 0.90% p.a.

Annual Rates:

In keeping with Reserve Bank of India guidelines to provide information on effective annualized rate of return on deposits of various maturities, we give below the effective annualized rates of return on Bank’s cumulative deposit schemes, under the Re-investment Plan, on quarterly compounding basis: (% p.a.).

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