BOI | Bank of India

Maturity	For Deposits of Less than Rs.2 Cr.	For deposits of Rs.2 Cr & above but less than Rs.10 Cr
Maturity	Rate w.e.f 01.08.2021	Rate w.e.f 01.09.2020
1 Year & above but less than 2 Years	5.00	3.50
2 Years & above but less than 3 Years	5.05	3.50
3 Years to less than 5 years	5.05	3.50
5 years and above up to 10 Years	5.05	3.50
8 years& above to 10 Years	5.05	3.50

Rs.10 Cr & above

Please contact nearest Branch for rate of interest on deposits for Rs.10 cr & above

Premature Withdrawal:

No interest payable for NRE Term Deposits remained with the Bank for less than 12 Months & hence, No Penalty.

Nil Penalty- Deposits of less than Rs.5 Lacs remained with the Bank for 12 Months and above

Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months

	MATURITY	USD	GBP	EUR	JPY	CAD	AUD
(PERCENTAGE PER ANNUM)
A	1 YR TO LESS THAN 2 YRS	1.18	1.35	0.02	0.55	0.99	0.94
B	2 YRS TO LESS THAN 3 YRS	1.60	1.61	0.21	0.55	2.05	1.42
C	3 YRS TO LESS THAN 4 YRS	1.83	1.73	0.36	0.54	2.27	1.78
D	4 YRS TO LESS THAN 5 YRS	1.94	1.74	0.46	0.55	2.33	2.05
E	5 YRS (Maximum)	2.02	1.71	0.52	0.56	2.34	2.17

Premature Withdrawal

No interest will be payable on premature withdrawal of deposit within twelve months from the date of deposit.

On premature withdrawal of deposit which has remained with the bank for a period above 12

months, penalty of 1% is applicable from the date of deposit, till the period for which the deposit remained with the bank.

Interest Rate