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Bank of India FD Interest Rate Calculator

Bank of India FD online calculator will help you calculate the interest that your money will earn when kept in a fixed deposit in Bank of India. This will give the details of investment that's the principal amount on maturity after the interest is compounded on days or a monthly, quarterly, half-yearly and yearly basis. To learn about how your fixed deposit earns interest and how much will be your earning at the end of the tenure chosen, Goodreturns online calculators will help you.

Bank of India Fixed Deposit Interest Rates

Bank of India fixed deposit is a great way to save money for a period of time, if you are looking at getting your invested money safely along with good returns on your investment, then fixed deposit is the way to go. Checking the Bank of India fixed deposit interest rate and making the decisions is now very easy.


For domestic deposits - Less than Rs. 1 cr [ Revised on : 11-06-2018 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
7 days to 14 days Less than Rs. 1 cr 5.25 -
15 days to 30 days Less than Rs. 1 cr 5.25 5.75
31 days to 45 days Less than Rs. 1 cr 5.25 5.75
46 days to 90 days Less than Rs. 1 cr 5.25 5.75
91 days to 120 days Less than Rs. 1 cr 5.75 6.25
121 days to 179 days Less than Rs. 1 cr 6.00 6.50
180 days to 269 days Less than Rs. 1 cr 6.00 6.50
270 days to Less than 1 Year Less than Rs. 1 cr 6.25 6.75
1 Year & above to less than 2 years Less than Rs. 1 cr 6.25 6.75
2 years & above to less than 3 years Less than Rs. 1 cr 6.60 7.10
3 Years & above to less than 5 years Less than Rs. 1 cr 6.65 7.15
5 years & above and less than 8 years Less than Rs. 1 cr 6.40 6.90
8 years & above to 10 years Less than Rs. 1 cr 6.35 6.85

For domestic deposits - Rs. 1 cr and above to less than Rs. 10 cr [ Revised on : 11-06-2018 ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
7 days to 14 days Rs. 1 cr and above to less than Rs. 10 cr - -
15 days to 30 days Rs. 1 cr and above to less than Rs. 10 cr 4.80 -
31 days to 45 days Rs. 1 cr and above to less than Rs. 10 cr 4.80 -
46 days to 90 days Rs. 1 cr and above to less than Rs. 10 cr 4.80 -
91 days to 120 days Rs. 1 cr and above to less than Rs. 10 cr 4.80 -
121 days to 179 days Rs. 1 cr and above to less than Rs. 10 cr 4.90 -
180 days to 269 days Rs. 1 cr and above to less than Rs. 10 cr 4.90 -
270 days to Less than 1 Year Rs. 1 cr and above to less than Rs. 10 cr 5.00 -
1 Year & above to less than 2 years Rs. 1 cr and above to less than Rs. 10 cr 5.00 -
2 years & above to less than 3 years Rs. 1 cr and above to less than Rs. 10 cr 6.50 -
3 Years & above to less than 5 years Rs. 1 cr and above to less than Rs. 10 cr 6.60 -
5 years & above and less than 8 years Rs. 1 cr and above to less than Rs. 10 cr 5.25 -
8 years & above to 10 years Rs. 1 cr and above to less than Rs. 10 cr 5.25 -

Tax Saver Fixed Deposits [ Amount capped at Rs. 1 lakh per Financial Year ]

Maturity Period Deposit Amount Interest Rate
General Senior Citizen
Star Sunidhi Tax-Saving Deposit Scheme - 5 years to 10 Years Upto Rs. 1 lakh 6.35 6.85

For NRO of India - Less than Rs. 1 cr [ Revised on : 11-06-2018 ]

Maturity Period Deposit Amount Interest Rate
7 days to 14 days Less than Rs. 1 cr -
15 days to 30 days Less than Rs. 1 cr 5.25
31 days to 45 days Less than Rs. 1 cr 5.25
46 days to 90 days Less than Rs. 1 cr 5.25
91 days to 120 days Less than Rs. 1 cr 5.75
121 days to 179 days Less than Rs. 1 cr 6.00
180 days to 269 days Less than Rs. 1 cr 6.00
270 days to Less than 1 Year Less than Rs. 1 cr 6.25
1 Year & above to less than 2 years Less than Rs. 1 cr 6.25
2 years & above to less than 3 years Less than Rs. 1 cr 6.60
3 Years & above to less than 5 years Less than Rs. 1 cr 6.65
5 years & above and less than 8 years Less than Rs. 1 cr 6.40
8 years & above to 10 years Less than Rs. 1 cr 6.35

For NRO of India - Rs. 1 cr and above to less than Rs. 10 cr [ Revised on : 11-06-2018 ]

Maturity Period Deposit Amount Interest Rate
7 days to 14 days Rs. 1 cr and above to less than Rs. 10 cr -
15 days to 30 days Rs. 1 cr and above to less than Rs. 10 cr 4.80
31 days to 45 days Rs. 1 cr and above to less than Rs. 10 cr 4.80
46 days to 90 days Rs. 1 cr and above to less than Rs. 10 cr 4.80
91 days to 120 days Rs. 1 cr and above to less than Rs. 10 cr 4.80
121 days to 179 days Rs. 1 cr and above to less than Rs. 10 cr 4.90
180 days to 269 days Rs. 1 cr and above to less than Rs. 10 cr 4.90
270 days to Less than 1 Year Rs. 1 cr and above to less than Rs. 10 cr 5.00
1 Year & above to less than 2 years Rs. 1 cr and above to less than Rs. 10 cr 5.00
2 years & above to less than 3 years Rs. 1 cr and above to less than Rs. 10 cr 6.50
3 Years & above to less than 5 years Rs. 1 cr and above to less than Rs. 10 cr 6.60
5 years & above and less than 8 years Rs. 1 cr and above to less than Rs. 10 cr 5.25
8 years & above to 10 years Rs. 1 cr and above to less than Rs. 10 cr 5.25

For NRO of India - Rs. 10 cr and above to less than Rs. 100 cr [ Revised on : 27-07-2018 ]

Maturity Period Deposit Amount Interest Rate
7 days to 14 days Rs. 10 cr and above to less than Rs. 100 cr 4.75
15 days to 30 days Rs. 10 cr and above to less than Rs. 100 cr 4.50
31 days to 45 days Rs. 10 cr and above to less than Rs. 100 cr 4.50
46 days to 90 days Rs. 10 cr and above to less than Rs. 100 cr 4.50
91 days to 179 days Rs. 10 cr and above to less than Rs. 100 cr 5.10
180 days to 269 days Rs. 10 cr and above to less than Rs. 100 cr 5.10
270 days to 363 days Rs. 10 cr and above to less than Rs. 100 cr 5.10
1 year Rs. 10 cr and above to less than Rs. 100 cr 5.10
Above 1 years to less than 2 years Rs. 10 cr and above to less than Rs. 100 cr 5.00
2 years & above to less than 3 years Rs. 10 cr and above to less than Rs. 100 cr 5.00
3 Years & above to less than 5 years Rs. 10 cr and above to less than Rs. 100 cr 5.00
5 years & above and less than 8 years Rs. 10 cr and above to less than Rs. 100 cr 5.00
8 years & above to 10 years Rs. 10 cr and above to less than Rs. 100 cr 5.00

For NRO of India - Rs. 100 cr and above [ Revised on : 27-07-2017 ]

Maturity Period Deposit Amount Interest Rate
7 days to 14 days Rs. 100 cr and above 4.75
15 days to 30 days Rs. 100 cr and above 4.50
31 days to 45 days Rs. 100 cr and above 4.50
46 days to 90 days Rs. 100 cr and above 4.50
91 days to 179 days Rs. 100 cr and above 5.10
180 days to 269 days Rs. 100 cr and above 5.10
270 days to 363 days Rs. 100 cr and above 5.10
1 year Rs. 100 cr and above 5.50
Above 1 years to less than 2 years Rs. 100 cr and above 5.25
2 years & above to less than 3 years Rs. 100 cr and above 5.00
3 Years & above to less than 5 years Rs. 100 cr and above 5.00
5 years & above and less than 8 years Rs. 100 cr and above 5.00
8 years & above to 10 years Rs. 100 cr and above 5.00

For NRE Fixed Deposit - Less than Rs. 1 cr [ Revised on : 11-06-2018 ]

Maturity Period Deposit Amount Interest Rate
1 Year & above to less than 2 years Less than Rs. 1 cr -
2 years & above to less than 3 years Less than Rs. 1 cr 6.60
3 Years & above to less than 5 years Less than Rs. 1 cr 6.65
5 years & above up to 10 years Less than Rs. 1 cr 6.40

For NRE Fixed Deposit - Rs. 1 cr and above to less than Rs. 10 cr [ Revised on : 11-06-2018 ]

Maturity Period Deposit Amount Interest Rate
1 Year & above to less than 2 years Rs. 1 cr and above to less than Rs. 10 cr -
2 years & above to less than 3 years Rs. 1 cr and above to less than Rs. 10 cr 6.50
3 Years & above to less than 5 years Rs. 1 cr and above to less than Rs. 10 cr 6.60
5 years & above up to 10 years Rs. 1 cr and above to less than Rs. 10 cr 5.25

Types of Fixed Deposits in Bank of India

  • Short Deposit 
  • Double Benefit Deposit 
  • Monthly Deposit 
  • Quarterly Deposit
  • Star Sunidhi Tax-Saving Deposit

Features of Fixed Deposit in Bank of India

  • The interest rates on the fixed deposits in Bank of India range from 5.25% - 6.70%.
  • The term of the deposit ranges from as less as 7 days to more than 10 years. 
  • For Senior Citizens (individuals who are aged 60 years and above), the bank offers 0.50% per annum additional rate of interest over and above the existing interest rates for the general public on a minimum deposit of Rs 5000 for term deposits. 
  • Penalty rates are applicable on term deposits if the withdrawn before maturity period. 
  • Loan or overdraft facility is available on fixed deposits up to the tune of 90%. 
  • Nomination facility is available on term deposits.
  • Fixed deposits can be made either for short term or medium – term or for a long-term basis. 
  • The tax saving deposit scheme is also available.
  • An individual can open the FD through online mode. 
  • The interest rates on fixed deposit are subject to change as per the Reserve Bank of India’s guidelines.
  • The tax will be Deducted at Source for those deposits wherein the interest amount exceeds Rs 10,000 per annum.
  • Term Deposits schemes are available even for the non-residential Indians -NRE term deposits and NRO term deposits.

Benefits of checking the Bank of India FD Calculator

The fixed interest rates and calculators are dynamic in nature. It is always better for an investor to check the Bank of India FD calculator before investing in a term deposit.

The fixed deposits tend to compound interest rates before arriving at the final maturity value of a term deposit and hence it is very essential for an investor to use the FD calculator and check the maturity value by entering the principal amount, rate of interest and term of the deposit to arrive at the end result ahead of the investment. As most of the banks in India follow the concept of compounding interest on a quarterly basis, the yield amount at the time of maturity will naturally surge up.

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