Business

Bank of India launches 400-day repaired deposit plan for joyful season Personal Financial

.2 minutes read Final Upgraded: Sep 27 2024|1:55 PM IST.Financial Institution of India (BOI) on Friday introduced a 400-day fixed down payment plan as aspect of its own cheery time offerings.Visit here to connect with our company on WhatsApp.The banking company is delivering an interest rate of 8.10 percent every annum for the alleged extremely senior Folks, 7.95 percent for elderly people, and 7.45 per cent for various other clients under non-callable down payments (those going over Rs 1 crore).Under callable consign an alternative of untimely drawback, the financial institution is actually offering interest rate of 7.95 percent per year (p.a.) for incredibly seniors, 7.80 per cent for senior citizens as well as 7.30 per-cent for other clients. .Trick components of the system:.Period: 400 days.Deposit Quantity: Less than Rs 3 crore.Accessibility: All divisions and electronic channels (BOI Omni Neo Application/ Electronic Banking).Eligible depositors: Individual Indians, NRE (Non-Resident Outside) account, and also NRO (Non-Resident Regular) account holders.Rate of interest:.Non-callable deposits (for quantities over Rs 1 crore):.- Super senior citizens: 8.10 per-cent p.a.- Elderly people: 7.95 per-cent p.a.- Various other consumers: 7.45 per cent p.a.Callable down payments (along with untimely drawback possibility):.- Super senior citizens: 7.95 percent p.a.- Elderly people: 7.80 per cent p.a.- Other consumers: 7.30 per-cent p.a.Clients curious about the plan may explore their local BOI division or use the bank's digital platforms - BOI Omni Neo App or even Electronic Banking - to open up a repaired deposit under this scheme.List of just recently changed rates of interest by BOI:
.
First Posted: Sep 27 2024|1:55 PM IST.