Bank of India launches 400-day fixed deposit program for festive season Personal Finance

.2 minutes went through Final Updated: Sep 27 2024|1:55 PM IST.Banking Company of India (BOI) on Friday released a 400-day preset deposit system as component of its cheery time offerings.Click here to associate with us on WhatsApp.The banking company is actually supplying a rate of interest of 8.10 percent every year for the so-called incredibly senior Folks, 7.95 percent for senior citizens, as well as 7.45 per cent for various other clients under non-callable deposits (those surpassing Rs 1 crore).Under callable deposits with a choice of untimely withdrawal, the banking company is offering rate of interest of 7.95 per cent per year (p.a.) for super elderly people, 7.80 percent for seniors as well as 7.30 per-cent for other customers. .Key functions of the program:.Duration: 400 days.Deposit Volume: Less than Rs 3 crore.Schedule: All divisions and also digital channels (BOI Omni Neo App/ Internet Banking).Eligible depositors: Citizen Indians, NRE (Non-Resident Outside) account, and NRO (Non-Resident Regular) account holders.Rate of interest:.Non-callable deposits (for volumes over Rs 1 crore):.- Super senior citizens: 8.10 per-cent p.a.- Elderly people: 7.95 percent p.a.- Other customers: 7.45 per cent p.a.Callable down payments (along with untimely withdrawal possibility):.- Super senior citizens: 7.95 per-cent p.a.- Senior citizens: 7.80 percent p.a.- Other customers: 7.30 per-cent p.a.Clients interested in the plan can visit their local BOI division or make use of the banking company’s electronic systems – BOI Omni Neo App or Electronic Banking – to open up a taken care of deposit under this scheme.List of lately modified rate of interest through BOI:
. First Released: Sep 27 2024|1:55 PM IST.