Rate of Interest on Fixed Deposits of less than Rs. Bank of India Double Benefit Term Deposit Scheme.
Bank of India Fixed/Short Term Deposit Scheme. Bank of India Quarterly/Monthly Term Deposit Scheme 1.
Having a checking account at a bank or financial institution allows you to write checks to. A deposit slip is a written order to your bank instructing it to put funds into your account. First Entertainment Credit Union (checking account tutorial).
BOI Double Benefit Term Deposit Scheme Eligibility. Individual (sole or joint account). Hindu Undivided Family. Partnership/Company/Association or any other Institution Features. The minimum deposit requirement stands at Rs.
10,000 in the metro and urban branches of BOI and at Rs.5,000 in the bank’s rural and semi-urban branches. However, senior citizens can book an FD under the scheme with a minimum of Rs. There is no limitation on the amount of maximum deposit.
The deposit tenure under the scheme ranges from a minimum of 6 months to a maximum of 10 years. Interest is compounded on quarterly basis and shall be paid at the time of maturity as per the applicable card rates. Premature withdrawals are permitted. (please refer to the penalty terms for premature withdrawals at the end of the BOI Fixed Deposit schemes section).
BOI Fixed/Short Term Deposit Scheme Eligibility. Individual (sole or joint account).
Hindu Undivided Family. Partnership/Company/Association or any other Institution Features. The minimum deposit requirement for SDR is Rs. Whereas for FDR the requirement stands at Rs. 10,000 in metro and urban branches of BOI and at Rs. 5,000 in the rural and semi-urban branches of the bank.
Senior citizens can book an FD with a minimum of Rs. 5,000 under the scheme. However, minimum amount required per single deposit for period of 7-14 days is Rs. There is no limit as maximum deposit amount.
Interest rates are same as the applicable card rates across tenures and shall be paid half yearly on October 1st and on April 1st. Premature withdrawals are permitted.
(please refer to the penalty terms for premature withdrawals at the end of the BOI Fixed Deposit schemes section). BOI Quarterly/Monthly Term Deposit Scheme Eligibility. Individual (sole or joint account). Hindu Undivided Family. Partnership/Company/Association or any other Institution Features. The scheme requires a minimum deposit of Rs.
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10,000 in the metro and urban branches of BOI and of Rs.5,000 in the bank’s rural and semi-urban branches. However, senior citizens can book an FD under the scheme with a minimum of Rs.
There is no ceiling on the amount of deposit under the scheme. A deposit can be made for a maximum of 10 years. Interest shall be paid monthly at discounted value or quarterly at actual value as per the depositor’s instructions. The Quarterly/monthly interest gets credited to the savings/current account. The depositor may also chose to get the monthly interest in his/her recurring deposit account.
Penalty terms for premature withdrawals from domestic, NRE and NRO term deposits. Domestic and NRO term deposits. On deposits of less than Rs. 5 lakh- No penalty if withdrawn on or after 12 months; 0.50% penalty if withdrawn before 12 months. On deposits of Rs. 5 lakh & above- Penalty of 1.00% if withdrawn prematurely.
NRE term deposits. Since no interest is payable on NRE term deposits of less than 12 months, thus, no penalty if withdrawn before 12 months. On deposits of less than Rs.5 lakh- No penalty if withdrawn on or after 12 months. On deposits of Rs. 5 lakh & above- Penalty of 1.00% if withdrawn prematurely after 12 months. Investors can check the maturity amount of the scheme by using the at Paisabazaar.
Also, BOI FD Interests Rates differ for different tenures. So the investors can also decide a preferred tenure of investment by entering different rates and calculating their total earning.
In case of reinvestment schemes, investors can check the interest and the maturity amount by using the. You can visit the nearest BOI branch and contact the officials for BOI FD interest rates of schemes above Rs.
You can check the at Paisabazaar.