BOI FD Calculator

Bank of India offers fixed deposits that offer guaranteed returns in the form of different fixed deposit schemes. Each FD option offers returns at different rates and payout options. To get an estimate of the returns you’ll get on these deposits is now easier with the completely digital BOI FD calculator. 

Just by entering your investment details, you can check the maturity amount and interest earned on them. As of November 2025, the interest rates start at 3% and go up till 6.60% for regular citizens. You can invest in BOI FD for up to 10 years starting from just 7 days. The bank offers Star Utsav and Star Vaibhav fixed deposit schemes at 6.60% and 6.45% interest rates respectively. 

What is Bank of India FD Calculator?

Bank of India FD calculator helps you compute your returns on investment in the BOI FD. You can check how much interest you earn along with the final maturity amount. This calculator is available online 24/7, eliminating any manual errors.

Benefits of BOI FD Calculator

To ensure that you have track of your investments, especially returns from fixed deposits, can help you manage and streamline your financial goals. If you have opened a fixed deposit account in the Bank of India, this calculator will help you:

• Track interest earnings and final maturity amount on your fixed deposit quickly.
• Arrive at accurate calculations without the scope of manual errors.
• Get online access to the calculator any time 

How to Use the BOI Fixed Deposit Calculator?

To use the BOI FD calculator, just follow the instructions below:

1. Enter your investment sum
2. Select the citizen type - general or senior citizen
3. Input the tenure and rate of interest
4. Once done, you should see the interest earned and final maturity amount.

How Does BOI’s FD Calculator Work?

While using the Bank of India FD calculator is fairly easy, you must know about each component present there in detail.

• Investment Sum: The amount you have invested or want to invest in the Bank of India Fixed Deposit.
• Citizen Type: Here you have to specify if you are a regular citizen or a senior citizen. This is required to ensure the right interest rate options are displayed next.
• Interest Rate: This has the list of interest rates offered by Bank of India on different FD schemes.
• Tenure: Tenure is the duration of your FD booking.
• Interest earned: This is the amount of interest you earn on your investment which is calculated based on the interest rate entered and tenure of your FD.
• Final maturity amount: This is the principal amount + interest earned on the invested amount, hence the final amount you will get on FD maturity.

Formula To Determine BOI FD Returns

To calculate the BOI FD returns, you need to understand that the calculation is based on the payout option. It could be quarterly, half yearly or annually. Returns can be calculated using simple and compound interest formulas.

• Simple Interest: M = P + (P × r × t / 100)
• Compound Interest: M = P(1 + r/n)^(n×t)

Here, 

• M is the total maturity value of your FD
• P is the investment amount/ investment sum
• r is the rate of interest on which you booked your FD
• n is the compounding frequency
• t is tenure of your FD

Let us understand the Indian Bank FD calculation with an example.

Assume that Shirish put ₹2000000 for a duration of 3 years in FD offered by the Indian Bank at the interest rate of 6.25%. He chose the compounding frequency as annual while booking the FD. Here is how you can calculate the returns using the formulae shared above:

Conclusion

Using a BOI FD calculator will give you clarity on your investment and returns on the fixed deposit account in the bank. It will help you plan your financial journey seamlessly. Since the interest rates may vary, you must keep a check on the expected returns.

Book your FD with Stable Money to earn up to 8.00% returns. Download the app now!