Before investing in a Bank of India FD, you must evaluate the interest rates, tenor options, and other offers available. These terms of your investments are crucial as they dictate your returns on investment. You can do so using the BOI FD calculator.
By using the calculator you can ensure that you get the best returns and the investment aligns with your requirements. The calculator helps you by giving an estimate of your returns upon providing some basic investment details.
Read on to know the latest BOI interest rates, the benefits of using a BOI FD calculator, and more.
Here are the latest interest rates for domestic deposits under ₹2 Crores:
Regular Citizens (p.a.)
Senior Citizens (p.a.)
7 days to 10 years
3.00% - 7.25%
3.00% - 6.75%
Disclaimer: The above interest rates are the latest as of October 2023 and are subject to change as per the bank’s policy.
Once you start an FD, you cannot change the tenor or other terms. So, using a BOI FD calculator to plan your investment is crucial.
Here are some of the benefits that make the Bank of India FD calculator an essential part of your investment planning:
Receive reliable and accurate results while investment planning
Compare interest rates and choose a suitable option generating maximum returns
Avoid manual errors via the calculator’s automated process
Identify investment terms that fit your current finances and give the desired returns
Free-of-cost and easy to use
Considering these benefits of the Bank of India FD calculator, you can make the right decision. Simply enter the amount you plan to deposit and choose a tenor. Based on the details you provide, the calculator will give you an estimate of the interest.
On Bajaj Markets, choose from the numerous top FD options. With an entirely digital process and minimal documentation, the investment is seamless and takes just a few minutes.
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The BOI fixed deposit calculator is formula-based and uses your investment details, such as investment amount, tenor, and FD type.
The Bank of India FD interest rates for domestic deposits depend on multiple factors, including your age, tenor, and FD type. For non-senior citizens, the interest rate goes up to 7.25% p.a. and senior citizens can enjoy rates of up to 6.75% p.a. You can use the BOI FD calculator to assess which terms give you the best returns.
Your interest rate for a ₹1 Lakh FD in BOI is subject to a few factors, such as your age and the selected tenor. That said, the interest rate can go up to 7.75% p.a. You can use the Bank of India fixed deposit calculator and evaluate which terms give the best rates and returns.