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Check BOI Fixed Deposit Rates in 2025
BOI’s full form is Bank of India. It is a public sector bank. Like any other nationalized bank in India, it allows its customers to start a fixed deposit (FD). Both domestic and NRI customers can start an FD with BOI.
To find out BOI fixed deposit rates for domestic/NRO accounts, read this article.
About BOI Domestic and NRO Accounts
A domestic bank account is a bank account that is opened in India and is used for financial transactions and management within the national boundaries.
NRO Account’s full form is Non Resident Ordinary Account. This type of bank account allows the Non Resident Indians to receive funds in either Indian or foreign currency.
While domestic bank accounts generally charge nominal customer fees, NRO bank accounts may charge higher fees.
Meaning of Callable and Non Callable FDs
Customers with Domestic and NRO accounts can choose two types of FDs, i.e., callable fixed deposits and non callable fixed deposits.
Callable FD meaning can be described as a fixed deposit that allows investors to withdraw their deposit before it reaches the maturity date.
On the other hand, Non Callable FD meaning can be described as a fixed deposit that cannot be withdrawn before it reaches the maturity date. Before the Reserve Bank of India introduced non callable FDs in 2015, all FDs were callable.
Usually, when a callable fixed deposit is withdrawn, the investor has to pay some amount as a penalty. A non callable may be withdrawn only in certain circumstances such as death of depositor, bankruptcy or a court of order.
BOI Fixed Deposit Rate of Interest for Callable and Non Callable FDs
The BOI rate of interest for callable and non callable FDs for Domestic/NRO accounts are mentioned herein.
Callable Deposit
The table below lists the BOI fixed deposit rates for callable FDs of less than Rs. 3 crore and for those between Rs. 3 crore and Rs. 10 crore:
| Maturity (For NRE Rupee Term Deposits, min. Tenor is 1 Year and Max. 10 Years) | For deposits of less than Rs.3 Cr
Revised w.e.f 27.09.2024 |
For deposits of Rs.3 Cr & above but less than Rs.10 Crs
Revised w.e.f 01.08.2024 |
| 7 days to 14 days | 3.00 | 4.50 |
| 15 days to 30 days | 3.00 | 4.50 |
| 31 days to 45 days | 3.00 | 4.50 |
| 46 days to 90 days | 4.50 | 5.25 |
| 91 days to 179 days | 4.50 | 6.00 |
| 180 days to 210 days | 6.00 | 6.50 |
| 211 days to 269 days | 6.00 | 6.75 |
| 270 days to less than 1 Year | 6.00 | 6.75 |
| 1 Year | 6.80 | 7.25 |
| Above 1 Year to less than 2 Years (except 400 Days) | 6.80 | 6.75 |
| 400 days | 7.30 | 6.75 |
| 2 Years | 6.80 | 6.50 |
| Above 2 Years to less than 3 Years | 6.75 | 6.50 |
| 3 Years to less than 5 Years | 6.50 | 6.00 |
| 5 Years to less than 8 Years | 6.00 | 6.00 |
| 8 years & above to 10 Years | 6.00 | 6.00 |
Note: The deposit under maturity bucket of 333 days for amount less than Rs. 3 crore has been discontinued now.
The table below lists the BOI fixed deposit rates for callable FDs of Rs. 10 crore and above but less than Rs. 25 crore w.e.f. 08-01-2025:
| Maturity Buckets | 10 Crore and Above but less than 25 crore | 25 Crore and Above |
| 7 days to 14 days | 6.75 | 6.75 |
| 15 days to 30 days | 7.00 | 7.00 |
| 31 days to 45 days | 7.10 | 7.10 |
| 46 days to 90 days | 7.15 | 7.15 |
| 91 days to 120 days | 7.40 | 7.40 |
| 121 days to 179 days | 7.40 | 7.40 |
| 180 days to 269 days | 7.45 | 7.45 |
| 270 days to less than 1 Year | 7.45 | 7.45 |
| 1 Year | 7.60 | 7.70 |
| Above 1 Year but less than 2 Years | 6.75 | 6.75 |
| 2 Years and above but up to 3 Years | 6.50 | 6.50 |
| Above 3 Years and less than 5 Years | 6.50 | 6.50 |
| 5 Years and above to less than 8 Years | 6.50 | 6.50 |
| 8 Years and above to 10 Years | 6.50 | 6.50 |
Non Callable Deposit
The table below lists the BOI fixed deposit rates for non callable FDs of Rs. 1 crore and above:
| Maturity | For Deposit above Rs.1 CR less than Rs.3 CR
Revised W.E.F. 27/09/2024 |
For Deposit Rs.3 CR and above but less than Rs.10 CR
Revised W.E.F. 01/08/2024 |
| 1 Year | 6.95 | 7.40 |
| Above 1 Year to less than 2 Years(except 400 Days) | 6.95 | 6.90 |
| 400 Days | 7.45 | 6.90 |
| 2 Year | 6.95 | 6.65 |
| Above 2 Years to less than 3 Years | 6.90 | 6.65 |
| 3 Year | 6.65 | 6.15 |
The table below lists the BOI fixed deposit rates for non callable FDs of Rs. 10 crore and above but less than Rs. 25 crore w.e.f. 08-01-2025:
| Maturity Buckets | 10 Crore and Above But Less than 25 CRORE | 25 Crore and Above |
| 1 Year | 7.75 | 7.75 |
| Above 1 Year but less than 2 Years | 6.90 | 6.80 |
| 2 Years and above up to 3 Years | 6.65 | 6.55 |
Conclusion
The Bank of India (BOI) offers attractive FD rates for customers with Domestic and NRO accounts. Non Callable FDs offer slightly higher interest rates to customers as compared to Callable FDs. However, non-callable FDs cannot be withdrawn before the maturity period, whereas callable FDs can be.
Frequently Asked Questions (FAQs)
Q1. What is Callable Fixed Deposit?
A callable FD is a type of deposit that can be withdrawn before the maturity date.
Q2. What is the lock-in period for BOI Non Callable Fixed Deposit?
The lock-in period for BOI Non Callable FD is at least 1 year and may extend up to 3 years.
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Disclaimer: This article is written with reference to the information from Bank of India to provide information to readers in a simple and better way. For more details, please visit their official website.
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