Bank of India’s revised FD rates, offering up to 7.50% for seniors with Star Vaibhav and 6.70% Green Deposits. Maximize returns with safe, flexible term deposits. Invest now for high interest and eco-friendly options! Visit BOI for details.
Bank of India (BOI), one of India’s leading public sector banks, has announced revised interest rates for Domestic, NRO, and NRE Term Deposits, effective from June 16, 2025, for callable deposits and July 4, 2025, for non-callable and higher-value deposits. With attractive rates, special schemes like Star Vaibhav Fixed Deposit and Green Deposit (Harit Jama Yojana), and additional benefits for senior and super senior citizens, BOI aims to cater to diverse financial needs. This blog explores the updated rates, key features, eligibility, and why these schemes are a golden opportunity for investors.This guide is your one-stop resource for making informed investment decisions.
Bank of India Term Deposit Interest Rates: Overview
Bank of India offers competitive interest rates across various maturity buckets for Domestic, NRO, and NRE Term Deposits. The rates vary based on deposit amounts and tenors, with special provisions for senior citizens, super senior citizens, and eco-conscious investors through the Green Deposit Scheme. Below is a detailed breakdown of the revised rates effective from June 16, 2025, for deposits below Rs. 10 crore.
Callable Deposits: Interest Rates for Deposits Below Rs. 10 Crore
| Maturity Bucket | Deposits < Rs. 3 Cr | Deposits Rs. 3 Cr to < Rs. 10 Cr |
| 7 to 14 days | 3.00% | 4.50% |
| 15 to 30 days | 3.00% | 4.50% |
| 31 to 45 days | 3.00% | 4.50% |
| 46 to 90 days | 4.50% | 5.25% |
| 91 to 179 days | 4.25% | 5.75% |
| 180 to 210 days | 5.50% | 6.00% |
| 211 to 269 days | 5.50% | 6.00% |
| 270 days to < 1 year | 5.50% | 6.00% |
| 1 year | 6.50% | 6.50% |
| > 1 year to < 2 years (except 450 days) | 6.45% | 6.25% |
| 450 days (Star Vaibhav) | 6.70% | 6.25% |
| 2 years to < 3 years | 6.40% | 6.00% |
| 3 years to < 5 years | 6.25% | 5.50% |
| 5 years to < 8 years | 6.00% | 5.50% |
| 8 years to 10 years | 6.00% | 5.50% |
Key Highlights:
- Star Vaibhav Fixed Deposit (450 Days): Offers the highest rate of 6.70% for deposits below Rs. 3 crore, making it a lucrative option for short-term investors.
- Senior Citizen Benefits: Additional 0.50% for senior citizens (60 to <80 years) and 0.65% for super senior citizens (80+ years) on deposits below Rs. 3 crore for tenors of 6 months and above. For tenors of 3 years and above, senior citizens get an extra 0.75%, and super senior citizens get 0.90%.
- Special Rates for 450 Days:
- Callable: 7.35% (super senior), 7.20% (senior), 6.70% (others).
- Non-Callable: 7.50% (super senior), 7.35% (senior), 6.85% (others).
Non-Callable Deposits: Interest Rates for Deposits Below Rs. 10 Crore
| Maturity Bucket | Deposits Rs. 1 Cr to < Rs. 3 Cr | Deposits Rs. 3 Cr to < Rs. 10 Cr |
| 1 year | 6.65% | 6.65% |
| > 1 year to < 2 years (except 450 days) | 6.60% | 6.40% |
| 450 days (Star Vaibhav) | 6.85% | 6.40% |
| 2 years to < 3 years | 6.55% | 6.15% |
| 3 years | 6.40% | 5.65% |
Note: For deposits of Rs. 10 crore and above, contact your nearest BOI branch for personalized rates, effective from July 4, 2025.
Callable and Non-Callable Deposits for Rs. 10 Crore and Above
Callable Deposits (Effective July 4, 2025)
| Maturity Bucket | Rs. 10 Cr to < Rs. 25 Cr | Rs. 25 Cr and Above |
| 7 to 14 days | 4.75% | 4.75% |
| 15 to 30 days | 5.00% | 5.00% |
| 31 to 45 days | 5.00% | 5.00% |
| 46 to 90 days | 5.00% | 5.00% |
| 91 to 120 days | 5.75% | 5.75% |
| 121 to 179 days | 5.50% | 5.50% |
| 180 to 269 days | 5.75% | 5.75% |
| 270 days to < 1 year | 6.00% | 6.00% |
| 1 year | 6.25% | 6.25% |
| > 1 year to < 2 years | 6.25% | 6.25% |
| 2 years to 3 years | 6.25% | 6.25% |
| > 3 years to < 5 years | 6.25% | 6.25% |
| 5 years to < 8 years | 6.00% | 6.00% |
| 8 years to 10 years | 6.00% | 6.00% |
Non-Callable Deposits (Effective July 4, 2025)
| Maturity Bucket | Rs. 10 Cr to < Rs. 25 Cr | Rs. 25 Cr and Above |
| 1 year | 6.30% | 6.30% |
| > 1 year to < 2 years | 6.30% | 6.30% |
| 2 years to 3 years | 6.30% | 6.30% |
Green Deposit Scheme: Harit Jama Yojana
BOI’s Green Deposit Scheme is designed for eco-conscious investors, offering a 999-day maturity with a competitive rate of 6.70% for deposits between Rs. 1 lakh and < Rs. 10 crore, effective from July 7, 2025.
| Maturity | Rate of Interest | Annualized Rate |
| 999 days | 6.70% | 7.27% |
Additional Benefits:
- Senior Citizens: +0.50% (7.20%).
- Super Senior Citizens: +0.65% (7.35%).
This scheme supports sustainable investments while ensuring attractive returns, making it a win-win for investors and the environment.
Annualized Rates of Return (Quarterly Compounding)
As per RBI guidelines, BOI provides annualized rates of return for cumulative deposit schemes under the Re-investment Plan with quarterly compounding. Below are the rates for key maturity buckets:
| Maturity Bucket | Deposits < Rs. 3 Cr | Annualized Rate | Deposits Rs. 3 Cr to < Rs. 10 Cr | Annualized Rate |
| 180 to 210 days | 5.50% | 5.54% | 6.00% | 6.04% |
| 211 to 269 days | 5.50% | 5.54% | 6.00% | 6.04% |
| 270 days to < 1 year | 5.50% | 5.58% | 6.00% | 6.09% |
| 1 year | 6.50% | 6.66% | 6.50% | 6.66% |
| > 1 year to < 2 years (except 450 days) | 6.45% | 6.61% | 6.25% | 6.40% |
| 450 days (Star Vaibhav) | 6.70% | 6.87% | 6.25% | 6.40% |
| 2 years to < 3 years | 6.40% | 6.77% | 6.00% | 6.32% |
| 3 years to < 5 years | 6.25% | 6.82% | 5.50% | 5.94% |
| 5 years to < 8 years | 6.00% | 6.94% | 5.50% | 6.28% |
| 8 years to 10 years | 6.00% | 7.63% | 5.50% | 6.85% |
Note: All annualized rates are rounded to two decimal places.
Key Guidelines for Term Deposits
- Minimum Deposit Amount: Rs. 10,000 (except for earnest money, tenders, or court orders, where lower amounts are allowed with documentation).
- Recurring Deposits:
- Minimum: Rs. 500 (Regular), Rs. 1,000 (Flexi).
- Maximum: Rs. 10 lakh (prior approval from GM HO-Resource Mobilisation required for higher amounts, recommended by Zonal Manager).
- Maximum Tenor: 10 years for Domestic, NRO, and NRE Term Deposits (except court-ordered deposits, which follow 10-year card rates).
- No Upper Limit: Except for Recurring Deposits, there’s no cap on the maximum deposit amount.
- Court-Ordered Deposits: Subject to scrutiny/audit; documents must be preserved carefully until account closure.
Why Choose Bank of India Term Deposits?
- Competitive Rates: With rates up to 7.50% for super senior citizens on non-callable 450-day deposits, BOI offers some of the best returns in the market.
- Special Schemes: The Star Vaibhav Fixed Deposit and Green Deposit Scheme cater to short-term and eco-friendly investment goals.
- Senior Citizen Benefits: Additional interest of up to 0.90% for super senior citizens ensures higher returns for retirees.
- Flexibility: Wide range of tenors (7 days to 10 years) and deposit amounts (Rs. 10,000 to no upper limit) suit diverse needs.
- Safety: As a public sector bank, BOI provides a secure investment option backed by government support.
How to Open a Term Deposit with Bank of India
- Visit a Branch: Contact your nearest BOI branch for deposits of Rs. 10 crore and above or to discuss specific requirements.
- Online Banking: Use BOI’s internet banking platform for quick and hassle-free deposit creation.
- Documents Required:
- Identity proof (Aadhaar, PAN, etc.).
- Age proof for senior/super senior citizen benefits.
- Relevant documents for court-ordered or earnest money deposits.
Tips for Investors
To maximize returns on your fixed deposits in 2025, consider:
- Choose the Right Tenor: The 450-day Star Vaibhav Fixed Deposit offers the highest rates for short-term investments.
- Leverage Senior Citizen Benefits: If eligible, opt for tenors of 3 years and above for an additional 0.75%–0.90%.
- Go Green: The Harit Jama Yojana combines competitive returns with environmental responsibility.
- Compare Rates: Check BOI’s rates against competitors to ensure you’re getting the best deal.
Final Thought
Bank of India’s revised interest rates for 2025 offer a golden opportunity for investors seeking safe, high-return options. With schemes like Star Vaibhav Fixed Deposit and Green Deposit (Harit Jama Yojana), along with generous benefits for senior citizens, BOI stands out as a top choice for fixed deposit investments. Whether you’re a retail investor or a high-net-worth individual, BOI’s flexible tenors, competitive rates, and secure platform make it an ideal destination for your savings. Visit your nearest BOI branch or explore online banking to start your investment journey today!
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