Bank of India (BOI) FD Calculator

Bank of India Fixed Deposits Explained

Bank of India offers retail term deposits from 7 days to 10 years under its Star product branding, through a network that remains unusually deep in rural and semi-urban India. Founded in 1906 and nationalised in 1969, it is among the older Indian public sector banks and took no part in the 2019 and 2020 amalgamation rounds, so its IFSC codes and deposit terms were never disturbed by a merger transition.

BOI FD Schemes You Can Open

Bank of India groups its retail deposits under the Star name, with the variant deciding how interest reaches you:

• •Star cumulative deposit — Interest compounds quarterly and is paid with the principal at maturity — the arrangement the calculator above models.
• •Star non-cumulative deposit — Interest is drawn at monthly or quarterly intervals rather than reinvested, trading total return for regular cashflow.
• •Tax-saving deposit (5-year) — Qualifies under Section 80C within the ₹1,50,000 annual ceiling, locked for the full term.
• •Senior citizen and minor accounts — The rate increment for resident depositors aged 60 and above, and guardian-operated deposits opened in a child's name.

BOI FD Tenure Slabs and Deposit Rules

Tenure decides how the interest is worked out, not just how long the money is tied up. Below roughly six months there is no completed quarter, so interest is simple; past that it compounds quarterly.

How to Check BOI FD Interest Rates

BOI FD rates are quoted per tenure slab and revised as policy and funding needs shift, so a one-year and a three-year deposit opened on the same morning can price differently.

Bank of India publishes its domestic term deposit card on bankofindia.co.in and inside the BOI Omni Neo app, quoted per tenure slab with a separate senior citizen column.

Take the current Bank of India fixed deposit rates for your exact tenure from the official card, then enter that number above.

What Is Specific to a BOI FD

• •BOI stayed out of the 2019 and 2020 public sector amalgamations, so no IFSC or account migration ever applied to its depositors.
• •Rural and semi-urban branch density is among the highest of the large public sector banks.
• •The Star prefix runs across the retail range, so ask for the product by that name at a counter.
• •Omni Neo handles opening, maturity instructions and premature closure without a branch visit.
• •A loan against the deposit is available after a qualifying period, priced above your own deposit rate.

Take the rate Bank of India quotes for your chosen tenure and enter it above to see the exact maturity value and the year-by-year build-up of interest.

Compare lenders on the master FD calculator, or a monthly commitment on the RD calculator.