Bank of India FD Interest Rates 2026: Updated Rate Card
10 June 2026 ·
Complete and updated Bank of India FD interest rates for 2026 tenure-wise rate table, senior citizen and super senior citizen rates, special schemes, tax-saving FD details, post-tax return calculations, and how BOI FD rates compare to alternatives.
Bank of India (BOI) is one of India's largest public sector banks, established in 1906. Its fixed deposit products are widely used by conservative savers, retirees, and investors seeking capital safety with predictable returns backed by a government-owned institution.
BOI FD interest rates in 2026 reflect the RBI's rate cutting cycle the Reserve Bank cut the repo rate by 100 basis points across multiple policy meetings in 2025, bringing it to 5.25%. BOI passed these cuts through to depositors: the special 400-day scheme offering 7.30% was discontinued in April 2025, and standard rates were revised downward across key tenures.
This article provides the complete, updated BOI FD interest rates for 2026 covering all tenures, senior citizen and super senior citizen rates, special schemes, NRE/NRO deposit rates, tax-saving FDs, and a clear post-tax return analysis.
BOI FD Interest Rates 2026: General Public (Below ₹3 Crore)
The following BOI FD interest rates for 2026 apply to regular (non-senior) depositors on amounts below ₹3 crore. Rates are effective from April 15, 2025 onwards after BOI's post-RBI rate cut revision.
| Tenure | BOI FD Interest Rate 2026 (p.a.) | Interest Payout Options |
|---|---|---|
| 7 days to 14 days | 3.00% | At maturity |
| 15 days to 29 days | 3.00% | At maturity |
| 30 days to 45 days | 3.50% | At maturity |
| 46 days to 90 days | 4.25% | At maturity |
| 91 days to 179 days | 4.25% | At maturity |
| 180 days to less than 1 year | 5.75% | Monthly / Quarterly / At maturity |
| 1 year (365 days) | 6.80% | Monthly / Quarterly / At maturity |
| Above 1 year to less than 2 years | 6.75% | Monthly / Quarterly / At maturity |
| 2 years to less than 3 years | 6.50% | Monthly / Quarterly / At maturity |
| 3 years to less than 5 years | 6.25% | Monthly / Quarterly / At maturity |
| 5 years to 10 years | 6.00% | Monthly / Quarterly / At maturity |
Note: BOI FD interest rates 2026 are subject to change at the bank's discretion. Always verify current rates at Bank of India's official website (bankofindia.co.in) or at your nearest BOI branch before booking a deposit.
Key highlights of BOI FD interest rates in 2026:
The 1-year BOI FD rate of 6.80% is the peak rate for general depositors in 2026 revised down from 7.00% in April 2025
The special 400-day scheme offering 7.30% was discontinued from April 15, 2025
Rates for tenures beyond 1 year are modestly lower (6.75% for 1–2 years, stepping down to 6.00% for 5–10 years)
Short tenures (below 6 months) offer significantly lower BOI FD interest rates 3.00%–4.25%
BOI FD Interest Rates 2026: Senior Citizens (60–80 Years)
Senior citizens aged 60 to 80 years receive an additional 0.50% per annum on BOI FD interest rates for deposits maturing in 6 months or more, on amounts below ₹3 crore.
| Tenure | General Rate | Senior Citizen Premium | BOI FD Rate for Senior Citizens 2026 |
|---|---|---|---|
| 180 days to less than 1 year | 5.75% | +0.50% | 6.25% |
| 1 year | 6.80% | +0.50% | 7.30% |
| Above 1 year to less than 2 years | 6.75% | +0.50% | 7.25% |
| 2 years to less than 3 years | 6.50% | +0.50% | 7.00% |
| 3 years to less than 5 years | 6.25% | +0.50% | 6.75% |
| 5 years to 10 years | 6.00% | +0.50% | 6.50% |
The BOI FD interest rate for senior citizens on the 1-year tenure is 7.30% — the highest standard rate available for senior depositors in 2026, after the discontinuation of the special 400-day scheme.
BOI FD Interest Rates 2026: Super Senior Citizens (80+ Years)
Bank of India offers an additional premium for super senior citizens depositors aged 80 years and above of 0.65% per annum (versus 0.50% for regular senior citizens) on deposits of 6 months or more below ₹3 crore.
| Tenure | General Rate | Super Senior Premium | BOI FD Rate for Super Senior Citizens 2026 |
|---|---|---|---|
| 180 days to less than 1 year | 5.75% | +0.65% | 6.40% |
| 1 year | 6.80% | +0.65% | 7.45% |
| Above 1 year to less than 2 years | 6.75% | +0.65% | 7.40% |
| 2 years to less than 3 years | 6.50% | +0.65% | 7.15% |
| 3 years to 5 years | 6.25% | +0.65% | 6.90% |
| 5 years to 10 years | 6.00% | +0.65% | 6.65% |
Super senior citizens benefit from the highest BOI FD interest rate in 2026 at 7.45% on the 1-year tenure — the most competitive rate available to any depositor in BOI's standard rate card following the April 2025 rate revision.
BOI Special FD Scheme 2026: Star Dhan Vriddhi (333 Days)
Bank of India launched the Star Dhan Vriddhi Fixed Deposit — a special 333-day scheme — effective September 1, 2024. This scheme offers above-standard BOI FD interest rates for 2026 across all depositor categories:
| Depositor Category | Star Dhan Vriddhi Rate | Standard BOI FD Rate for This Tenure | Premium Over Standard |
|---|---|---|---|
| General Public | 7.25% | 6.75% | +0.50% |
| Senior Citizens (60–80 years) | 7.75% | 7.25% | +0.50% |
| Super Senior Citizens (80+ years) | 7.90% | 7.40% | +0.50% |
Star Dhan Vriddhi is the best BOI FD interest rate available in 2026 for each depositor category — offering 50 basis points above the standard rate for the equivalent tenure. Super senior citizens earn 7.90% on this 333-day scheme, making it the highest BOI FD rate in 2026.
How to open: Available at any Bank of India branch or via the BOI Omni Neo App and internet banking. Standard KYC documentation required.
Always verify current availability: Special schemes can be withdrawn or modified. Confirm that the Star Dhan Vriddhi scheme is still active at your branch before booking.
BOI Tax-Saving FD 2026
Bank of India offers a 5-year tax-saving fixed deposit that qualifies for deduction under Section 80C of the Income Tax Act — up to ₹1.5 lakh per financial year.
Key features of BOI Tax-Saving FD:
Tenure: Exactly 5 years (mandatory lock-in — cannot be withdrawn before maturity)
Interest rate: Aligned with BOI's standard 5-year FD rate — 6.00% for general public; 6.50% for senior citizens in 2026
80C deduction: Investment up to ₹1.5 lakh qualifies for deduction under the old tax regime
Tax on interest: Interest earned is taxable at slab rate — the 80C benefit applies only to the principal invested, not the interest
Minimum deposit: ₹100 (varies by branch)
Joint accounts: Only the first holder gets the 80C benefit
Premature withdrawal: Not permitted under any circumstances before 5 years
Tax-saving FD vs PPF comparison for HNIs:
The BOI tax-saving FD at 6.00% is taxable interest — post-tax at 30% yields only 4.20%. PPF at 7.1% is fully tax-free (EEE status) — significantly superior for investors in the 30%+ bracket. For HNIs, the tax-saving FD is the least efficient 80C instrument available. ELSS (3-year lock-in, equity returns, tax-free LTCG after 1 year), PPF, and EPF all offer better post-tax outcomes for HNIs.
BOI FD Rates for Deposits Above ₹3 Crore
BOI FD interest rates for bulk deposits (above ₹3 crore) are negotiated separately between the depositor and the bank based on the amount, tenure, and prevailing market conditions. These are also called bulk term deposit rates and are typically lower than the rates for retail deposits below ₹3 crore.
Investors with large surplus capital above ₹3 crore deploying in BOI FDs should contact their relationship manager or nearest BOI branch for current bulk deposit rates. Typically, bulk deposit rates are 25–50 basis points below standard retail FD rates.
Post-Tax Returns on BOI FD: What You Actually Earn
BOI FD interest is taxed as income at the investor's applicable slab rate — no preferential tax treatment. This significantly reduces the effective return for HNIs.
| Annual Income | Effective Tax Rate | BOI FD Gross Rate | Tax Deducted | Post-Tax Return | Real Return vs 4.5% Inflation |
|---|---|---|---|---|---|
| Up to ₹7 Lakhs (new regime zero tax) | 0% | 6.80% | 0% | 6.80% | +2.30% |
| ₹7–12 Lakhs | ~10% | 6.80% | 0.68% | 6.12% | +1.62% |
| ₹12–24 Lakhs (20% slab) | ~20% | 6.80% | 1.36% | 5.44% | +0.94% |
| ₹24–50 Lakhs (30% slab) | 31.2% | 6.80% | 2.12% | 4.68% | +0.18% |
| ₹50L–₹1 Crore | 34.32% | 6.80% | 2.33% | 4.47% | -0.03% (below inflation) |
| ₹1–2 Crore | 35.88% | 6.80% | 2.44% | 4.36% | -0.14% (below inflation) |
The critical insight for HNIs: At income above ₹50 lakhs, the BOI FD interest rate of 6.80% delivers a negative real post-tax return — your money is nominally safe but slowly losing purchasing power after tax and inflation. For investors in these brackets, BOI FDs are appropriate only as an emergency buffer (₹5 lakhs per bank, DICGC-covered) — not as a primary income-generating instrument.
TDS on BOI FD: BOI deducts TDS at 10% if total annual interest from a single source exceeds ₹40,000 (₹50,000 for senior citizens). Submit Form 15G (non-seniors below taxable income) or Form 15H (senior citizens below taxable income) at the start of each financial year to avoid TDS deduction.
How to Open a BOI FD in 2026
Online (BOI Omni Neo App / Internet Banking):
Log in to BOI Omni Neo App or BOI internet banking at bankofindia.co.in
Navigate to "Fixed Deposit" → "Open FD"
Select tenure, amount, and interest payout option
Review the applicable BOI FD interest rate for your chosen tenure
Confirm — funds are debited from your linked savings account and FD receipt is generated digitally
Offline (Branch):
Visit nearest BOI branch
Carry PAN, Aadhaar, passport photo, and existing BOI account details
Fill FD application form with tenure, amount, and nominee details
Submit — FD receipt issued at the branch
Minimum deposit: ₹1,000 for most tenures (varies by scheme)
Maximum deposit: No maximum for regular FDs; bulk deposits (above ₹3 crore) attract negotiated rates
Premature Withdrawal and Loan Against FD
Premature withdrawal: BOI allows premature withdrawal on all regular FDs. A penalty of 1% on the applicable interest rate is charged for early withdrawal. The interest is recalculated at the rate applicable for the actual holding period minus the penalty.
Exception: Tax-saving FDs (5-year lock-in) cannot be withdrawn before maturity under any circumstances.
Loan against BOI FD:
BOI offers loans up to 90% of the FD value (plus accrued interest) against FD as collateral
Interest rate: typically 1%–2% above the applicable FD rate
No need to break the FD — useful for short-term liquidity needs
Available on all regular FDs; not available on tax-saving FDs
BOI FD vs Other PSU Banks: Rate Comparison
| Bank | 1-Year FD Rate (General) | Senior Citizen Rate | Best Special Scheme Rate |
|---|---|---|---|
| Bank of India (BOI) | 6.80% | 7.30% | 7.25% (Star Dhan Vriddhi, 333 days) |
| State Bank of India (SBI) | 6.60% | 7.10% | 6.60% standard; Amrit Vrishti discontinued |
| Punjab National Bank (PNB) | 6.60% | 6.90% | 6.60% (no active special scheme) |
| Bank of Baroda | 6.60% | 7.10% | 7.15% (400 days, Baroda Tiranga scheme) |
| Canara Bank | 6.60% | 7.10% | 6.60% standard |
| Union Bank of India | 6.50% | 7.00% | 7.05% (special tenure) |
BOI FD interest rates in 2026 are among the most competitive in the PSU bank segment — the 1-year rate of 6.80% is 20 basis points above SBI, PNB, and Canara Bank. For senior citizens, BOI's 7.30% on 1-year FDs is one of the better rates in the public sector bank space.
BOI FD vs Higher-Yield Alternatives
While BOI FD interest rates in 2026 are competitive within the PSU bank category, investors seeking meaningfully higher post-tax returns should understand what alternatives deliver.
| Instrument | Gross Yield | Post-Tax (30%) | vs BOI FD Advantage | Key Trade-off |
|---|---|---|---|---|
| BOI FD (1-year, baseline) | 6.80% | 4.68% | — | Baseline — fully liquid with penalty, DICGC to ₹5L |
| AA Corporate NCD (monthly payout) | 9.5%–10.5% | 6.65%–7.35% | +2.0%–2.7% | Credit risk on issuer; listed liquidity |
| Invoice Discounting (large corporate/PSU buyers) | 11%–13% | 7.70%–9.10% | +3.0%–4.4% | 30–90 day lock-in; buyer credit risk |
| Asset Leasing (solar/commercial vehicles) | 11%–15% | 7.70%–10.50% | +3.0%–5.8% | 24–60 month lock-in; lessee + asset risk |
| Tax-Free PSU Bonds (secondary market) | 5.5% YTM (tax-free) | 5.50% (no tax) | +0.82% | 5–10 year remaining tenure; capital loss at maturity |
| RBI Floating Rate Savings Bond | 8.05% | 5.64% | +0.96% | 7-year lock-in; sovereign safe; non-transferable |
The post-tax advantage of moving from BOI FDs to higher-yield alternatives is substantial. On ₹10 lakhs at 30% tax bracket, the difference between BOI FD (₹46,800 post-tax annually) and invoice discounting at 12% (₹84,000 post-tax annually) is ₹37,200 per year — from the same corpus. Over 5 years, this compounds to approximately ₹2.3 lakhs in additional wealth purely from instrument selection.
For investors who need the liquidity and simplicity of FDs for their emergency buffer, BOI FDs are appropriate. For surplus capital beyond the emergency buffer — consider the alternatives above.
Explore high-yield alternatives to BOI FDs at www.getultra.club — curated invoice discounting and asset leasing delivering 10–15% returns for investors ready to move beyond FD rates.
FAQs
Q1. What are the current BOI FD interest rates in 2026?
The current BOI FD interest rates for 2026 (effective April 15, 2025) are: 1-year FD — 6.80% for general public, 7.30% for senior citizens (60–80 years), 7.45% for super senior citizens (80+). Under the Star Dhan Vriddhi special scheme (333 days): 7.25% general, 7.75% senior citizens, 7.90% super senior citizens. Rates below 6 months are significantly lower (3.00%–5.75%).
Q2. What is the highest BOI FD interest rate in 2026?
The highest BOI FD interest rate in 2026 is 7.90% — available to super senior citizens (80+ years) under the Star Dhan Vriddhi 333-day special scheme. For general depositors, the highest rate is 7.25% under the same scheme. For the standard rate card, the peak is 6.80% (general public) on the 1-year tenure.
Q3. Did Bank of India change FD rates in 2025?
Yes. In April 2025, BOI revised FD interest rates downward following the RBI's repo rate cuts. Key changes: the special 400-day scheme offering 7.30% was discontinued; the 1-year FD rate was reduced from 7.00% to 6.80%; the 180 days to <1 year rate was reduced from 6.00% to 5.75%; the 91–179 day rate was reduced from 4.50% to 4.25%.
Q4. What is the BOI FD interest rate for senior citizens in 2026?
Senior citizens (60–80 years) receive an additional 0.50% over standard rates on BOI FDs with tenure of 6 months or more. For 2026, the senior citizen rate on a 1-year FD is 7.30%. Super senior citizens (80+) receive an additional 0.65%, earning 7.45% on a 1-year FD under the standard rate card, or 7.90% under the Star Dhan Vriddhi 333-day scheme.
Q5. Is the BOI 400-day special FD scheme still available in 2026?
No. The Bank of India 400-day special FD scheme offering 7.30% for general depositors was discontinued from April 15, 2025. It is no longer available. The Star Dhan Vriddhi 333-day scheme (7.25% general, 7.75% senior, 7.90% super senior) is the current special scheme — verify its availability at your branch or on the BOI Omni Neo App.
Q6. How does BOI FD compare to SBI FD in 2026?
BOI FD interest rates for 2026 are slightly higher than SBI across standard tenures. The 1-year BOI FD rate of 6.80% compares to SBI's 6.60% — a 20 basis point advantage. For senior citizens, BOI offers 7.30% versus SBI's 7.10% on the 1-year tenure. Both are PSU banks with government backing and DICGC protection to ₹5 lakhs per depositor.
Q7. What is the post-tax return on BOI FD for a 30% taxpayer?
On a 1-year BOI FD at 6.80% gross, a taxpayer in the 31.2% effective bracket (income ₹24–50 lakhs) earns 4.68% post-tax — compared to the 4.5% inflation rate, this is a barely positive real return of +0.18%. For investors with income above ₹50 lakhs, the post-tax return on BOI FD falls below inflation, making FDs unsuitable as a primary income-generation instrument for HNIs beyond the emergency buffer.
Disclaimer
BOI FD interest rates 2026 mentioned in this article are based on publicly available Bank of India rate communications effective April 15, 2025. Rates are subject to change without notice. Always verify current BOI FD interest rates directly at bankofindia.co.in or your nearest BOI branch before booking a deposit.