BOI FD Interest Rates 2025
18 June 2025 · Sachin Gadekar
Updated Bank of India FD Interest Rates for 2025: Compare and Choose the Best Tenure
What is a Fixed Deposit (FD)?
Fixed deposits (FDs) are one of the most popular investment options in India, especially for risk-averse investors. Among the many banks offering FDs, the Bank of India (BOI) is a trusted name with competitive interest rates and secure returns. This article will provide a detailed look at the latest BOI FD interest rates for 2025, highlight various tenures and schemes, and guide you on how to invest in them effectively.
A Fixed Deposit (FD) is a financial instrument offered by banks and financial institutions that provides investors with a higher interest rate than a regular savings account. In FDs, you deposit a lump sum amount for a fixed tenure and earn interest on it. The principal and interest are returned at maturity.
BOI FD Interest Rates 2025 (Regular Depositors)
| Tenure | Interest Rate (General) |
|---|---|
| 7 days to 14 days | 3.00% |
| 15 days to 45 days | 3.00% |
| 46 days to 90 days | 4.50% |
| 91 days to 179 days | 4.50% |
| 180 days to 269 days | 5.50% |
| 270 days to less than 1 year | 5.75% |
| 1 year to less than 2 years | 6.80% |
| 2 years to less than 3 years | 6.75% |
| 3 years to less than 5 years | 6.50% |
| 5 years to 10 years | 6.00% |
BOI FD Interest Rates for Senior Citizens (2025)
Senior citizens (60 years and above) enjoy an additional interest rate benefit of 0.50% p.a. over the regular rates.
For example:
A 1-year FD will fetch 7.30% interest for senior citizens.
A 2-year FD will yield 7.25%, and so on.
Additionally, the BOI Super Special FD for seniors offers even more attractive returns for select tenures.
BOI FD Schemes You Should Know About
1. BOI Star Sunidhi Deposit Scheme
Specially designed for long-term investors.
Flexible tenures with compound interest options.
2. BOI Star Flexi-Recurring Deposit
Ideal for investors looking to make recurring deposits with flexibility.
Combine the benefits of recurring and fixed deposits.
3. BOI Super Special Term Deposit
For a limited time, offering higher rates for tenures like 400 days.
Key Benefits of Investing in BOI FDs
Assured returns and capital safety.
Wide range of tenure options.
Additional interest for senior citizens.
Option to take a loan against your FD.
Tax-saving FDs with 5-year lock-in period under Section 80C.
How to Open a BOI Fixed Deposit Account
1. Online Method
You can easily book an FD through:
BOI Net Banking
BOI Mobile App
2. Offline Method
Visit the nearest BOI branch with:
KYC Documents (PAN Card, Aadhar, Address Proof)
Passport size photographs
Cheque or cash for the FD amount
Frequently Asked Questions (FAQs)
Q1. What is the highest FD rate in BOI in 2024?
A: The highest FD interest rate for general citizens is 6.80% for a 1-year tenure, while senior citizens can get up to 7.30%.
Q2. Is there a tax-saving FD in BOI?
A: Yes, BOI offers a 5-year tax-saving FD under Section 80C with a fixed interest rate.
Q3. Can I close my BOI FD before maturity?
A: Yes, premature withdrawal is allowed, but it may attract a penalty and lower interest rate.
Q4. What is the minimum deposit amount for BOI FD?
A: The minimum amount is generally Rs. 10,000. It may vary by scheme.
Q5. How can I check my BOI FD interest rate?
A: Visit the official BOI website or log into your internet banking account to view current rates.
Conclusion
Bank of India’s fixed deposits offer competitive interest rates, security, and flexibility in tenures. Whether you're a regular investor or a senior citizen, BOI’s FD schemes for 2024 present a solid option for stable, low-risk returns. Before investing, always check the latest rates and terms on the official BOI website or consult your nearest branch.
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