Bank Of India(BOI) Fixed Deposit(FD) Interest Rates 2025: Types, Eligibility and Documents Required

With its headquarters in Mumbai, BOI is a reliable name in the banking sector that works under the ownership of the Indian Government. The Fixed Deposit or FD schemes of BOI are among the best-selling products offered at competitive rates of interest. Let’s take a look at the Bank of India FD rates list 2025.

Bank of India FD interest rates 2025

Tenure	Regular Rates	Senior Citizen
7 days to 14 days	2.85%	3.35%
15 days to 30 days	2.85%	3.35%
31 days to 45 days	2.85%	3.35%
46 days to 60 days	3.85%	4.35%
61 days to 90 days	3.85%	4.35%
91 days to 179 days	3.85%	4.35%
180 days to 269 days	4.35%	4.85%
270 days to less than 1 year	4.35%	4.85%
1 year to 443 days	5.30%	5.80%
444 days	5.5%	6.00%
445 days to less than 2 Years	5.4%	5.90%
2 Year to less than 3 Years	5.40%	5.90%
3 Years to less than 5 Years	5.35%	5.85%
5 Years to less than 8 Years	5.35%	5.85%
8 years and up to 10 years	5.35%	5.85%

 

About Bank of India FD rates: Bank Of India(BOI) Fixed Deposit(FD) Interest Rates 2025

There are varied FD options offered by Bank Of India including Short Term Deposit Scheme, Monthly/Quarterly Deposit Scheme, as well as Star Sunidhi Tax Saving Deposit Scheme. The bank of India plans come with online banking facilities and allow good benefits.

Bank Of India (BOI) Fixed Deposit Scheme Types 

Below are the different types of Fixed Deposit Schemes available under BOI:

• Fixed/Short Term Deposit Scheme
• Bank of India Monthly/Quarterly Deposit Scheme
• Star Sunidhi Tax Saving Deposit Scheme

Bank Of India FD Interest Rates Term-Wise

FD is regarded as the best and the safest investment options to ensure guaranteed returns. The BOI FD rates depend on the tenure of the policy. They are further divided into long, medium and short-term deposits.

• The Long-Term Deposits are held mostly for a duration of 5 – 10 years and comes with interest rate of 5.35%
• Medium-Term Deposits are held for a duration of 1 to 5 years and are available with interest rate of 5.35%
• Short-Term Deposits range between 7 days to 12 months and are available at an interest rate of 2.85% to 4.35% per annum because of their short tenure.

Bank of India FD Interest Rates Calculator

To calculate the BOI interest rates for FD, you can use a Bank of India FD calculator, which is a hassle-free and easy-to-use tool available freely online. All you need to do is to enter your basic details to evaluate the FD amount.

Here are the steps to follow for using a BOI FD Calculator:

• Enter the amount to be invested
• Enter the ROI offered
• Now, enter tenure of the FD along with the compounding period (yearly/half-yearly/quarterly/monthly
• And the FD Amount

Once you enter the above details, you will find the maturity value of your FD and the entire interest amount to be earned through the FD tenure.

Eligibility Criteria for Bank of India FD

The people and groups that are eligible to open FD accounts in BOI include; Individual/Joint Account holders, minors, trusts, Joint Hindu families, limited companies, municipalities, partnership firms, educational institutions, societies, associations etc.

Documents Required Bank Of India FD Account Opening:  

• Address Proof – Passport, Telephone/Electricity Bill, bank statement etc.
• Identity Proof – Voter ID card, Passport, Driving license, PAN card, Photo ration card, Senior citizen ID card etc.

How to invest in the BOI FD scheme?

To invest in Bank of India FD scheme, you can opt for one of the following methods:

1. Investing in the BOI FD scheme Via Internet Banking

Here are the steps to follow for internet banking:

• Login to the bank account
• Under the “transaction” tab, go to “Open FD” account option
• Now, fill the details such as tenure of FD, amount to be invested etc.
• Also, provide nominee details
• Now, confirm all the details and submit
• Download the receipt that is generated for future reference

2. Investing in the BOI FD scheme Via Bank of India (BOI) Mobile Application

Here are the steps to follow for opening BOI FD account with the help of bank’s mobile application:

• First you need to download in your mobile the bank’s app
• Sign in to the application with your credentials
• Go to the main menu and choose the deposit option
• Now, choose the “Open FD” tab
• Complete the necessary details and upload the necessary documents
• Keep a copy of the receipt generated after successful transaction

3. Bank of India (BOI) FD Account via Offline transaction

Along with the online methods, there are several offline ways of opening a BOI FD Account. For that you can visit the nearest branch of BOI and submit the form. Submit all the necessary documents together with the deposit amount. Once the details are verified successfully, you will receive a receipt from the bank as proof of an FD account.

4.Loan Facility in Bank of India Fixed Deposit 

The investor who invests in a BOI FD account also allows the individual to avail loan of up 90% against the FD amount. The maximum tenure of loan that can be availed depends on the tenure of the FD.