.2 min went through Last Updated: Sep 27 2024|1:55 PM IST.Bank of India (BOI) on Friday introduced a 400-day predetermined deposit system as part of its own festive period offerings.Click here to associate with our team on WhatsApp.The banking company is actually using an interest rate of 8.10 per cent per annum for the so-called super elderly Folks, 7.95 per cent for senior citizens, as well as 7.45 percent for other clients under non-callable deposits (those exceeding Rs 1 crore).Under callable deposits with a possibility of untimely withdrawal, the financial institution is actually delivering interest rate of 7.95 per-cent per year (p.a.) for very elderly people, 7.80 percent for elderly people as well as 7.30 per cent for various other consumers. .Key components of the scheme:.Length: 400 times.Down Payment Quantity: Less than Rs 3 crore.Schedule: All divisions and digital channels (BOI Omni Neo Application/ Electronic Banking).Qualified depositors: Local Indians, NRE (Non-Resident Exterior) profile, and also NRO (Non-Resident Average) account holders.Interest rates:.Non-callable deposits (for quantities above Rs 1 crore):.- Super senior citizens: 8.10 per-cent p.a.- Senior citizens: 7.95 per cent p.a.- Various other customers: 7.45 per cent p.a.Callable deposits (with premature drawback possibility):.- Super elderly people: 7.95 per-cent p.a.- Elderly people: 7.80 percent p.a.- Other consumers: 7.30 percent p.a.Clients interested in the plan may explore their closest BOI branch or make use of the banking company’s electronic platforms – BOI Omni Neo Application or even Internet Banking – to open up a fixed down payment under this scheme.List of recently modified rates of interest through BOI:
. 1st Released: Sep 27 2024|1:55 PM IST.