Bank Of India FD Intrest Rate With 5 years list |

Bank Of India FD Intrest Rate With 5 years list |A fixed deposit (FD) is a type of savings account that offers a guaranteed return on your investment. The interest rate on an FD is fixed for the duration of the deposit, so you know exactly how much you will earn. FDs are a safe and secure investment, and they offer a variety of tenure options to suit your needs

Benefits of boi interest rates!!

Some of the features or benefits of investing in a Bank of India FD include:

• Guaranteed returns: You are guaranteed to earn a fixed interest rate on your investment, regardless of market conditions.

• Safety of investment: Bank of India is a government-owned bank, so your investment is safe and secure.

• Flexibility of tenure: You can choose a tenure that suits your needs, from 7 days to 10 years.

• Easy liquidity: You can easily withdraw your money from your FD before the maturity date, subject to certain terms and conditions.

• Tax benefits: FDs offer certain tax benefits under Section 80C of the Income Tax Act
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Sure, here are the Bank of India FD interest rates for 2023, as well as the rates for the last 5 years:

Tenure Interest rate for general public (p.a.) Interest rate for senior citizens (p.a.) to Bank Of India FD Intrest Rate With 5 years list |

• 7 days to 14 days 2.85% 3.35%
• 15 days to 45 days 3.00% 3.50%
• 46 days to 90 days 3.25% 3.75%
• 91 days to 180 days 3.50% 4.00%
• 181 days to 364 days 3.75% 4.25%

• 1 year 7.00% 7.50%
• Above 1 year to less than 2 years 6.00% 6.50%
• 2 years to less than 3 years 6.75% 7.25%
• 3 years to less than 5 years 6.50% 7.00%
• 5 years to less than 8 years 6.00% 6.50%
• 8 years & above to 10 years 6.00% 6.50%

Year Interest rate for general public (p.a.) Interest rate for senior citizens (p.a.)

• 2018 6.50% 7.00%
• 2019 6.75% 7.25%
• 2020 6.00% 6.50%
• 2021 6.50% 7.00%
• 2022 7.00% 7.50%

FAQ

Q. What is the highest interest rate offered by Bank of India for FDs in 2023?

Ans. The highest interest rate offered by Bank of India for FDs in 2023 is 7.50% for senior citizens with a tenure of 1 year.

Q. What is the interest rate for a 5-year FD with Bank of India in 2023?

Ans. The interest rate for a 5-year FD with Bank of India in 2023 is 6.00% for general public and 6.50% for senior citizens.

Q. What are the benefits of investing in a Bank of India FD?

Ans. Some of the benefits of investing in a Bank of India FD include:

• * Guaranteed returns
• * Safety of investment
• * Flexibility of tenure
• * Easy liquidity
• * Tax benefits