What is the highest Bank of India FD rate for senior citizens?

The highest Bank of India Senior Citizen FD rate is 7.45% p.a. for deposits between 5 and 10 years.

Is Bank of India FD Safe for Senior Citizens?

Bank of India fixed deposits are safe as deposits up to ₹5 lakh per depositor per bank are covered under DICGC insurance.

Can senior citizens get a monthly income from a Bank of India FD?

Yes, Bank of India offers non-cumulative fixed deposits where interest can be paid monthly, quarterly, half-yearly, or annually.

What is the minimum amount required to open a Bank of India Senior Citizen FD?

The minimum amount required to open a Bank of India Senior Citizen Fixed Deposit is ₹1,000.

Is interest earned on Bank of India Senior Citizen Fixed Deposits taxable?

Yes. Interest earned on Bank of India Senior Citizen Fixed Deposits is taxable as per the applicable income tax slab. Banks may deduct TDS if annual FD interest exceeds the prescribed threshold limit.

Bank of India Senior Citizen Fixed Deposit Rates

Name: Bank of India Senior Citizen Fixed Deposit Rates
Brand: Interest Rates
Rating: 4.9 (11741 reviews)

Bank of India offers attractive FD rates for senior citizens ranging from 3.00% to 7.45% p.a. across tenures of 7 days to 10 years. Continue reading for the latest Bank of India Senior Citizen FD rates and special FD schemes for senior citizens.

Bank of India Senior Citizen FD Snapshot	Details
Highest Senior Citizen FD Rate	7.45%
FD Tenure Range	7 to 10 Years
Minimum FD Amount	Rs. 1000/-
Premature Withdrawal Facility	Available with a penalty of 0.5% to 1%
Loan Against FD	Up to 90% of the fixed deposit amount.

Bank of India Senior Citizen FD Rates (Less Than ₹3 Crore)

The table below provides a detailed breakdown of Bank of India Senior Citizen FD rates for fixed deposits below ₹3 crore across different tenure options

Tenure	Senior Citizen FD Rates (per annum)
07 days to 14 days	3.00
15 days to 30 days	3.00
31 days to 45 days	3.00
46 days to 90 days	4.50
91 days to 179 days	4.25
180 days to 210 days	6.00
211 days to 269 days	6.00
270 days to less than 1 Year	6.00
1 Year	7.00
Above 1 Year to less than 2 Years	7.00
2 Years to less than 3 Years	7.10
3 Years	7.45
Above 3 Years to less than 5 Years	7.00
5 Years to less than 8 Years	6.75
8 years & above to up to 10 Years	6.75

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Use the Bank of India FD Calculator below to estimate the maturity amount and interest earned on your Bank of India fixed deposit based on your investment amount, tenure, and applicable FD rate.

Bank of India Super Senior Citizen FD Rates

Bank of India offers an additional interest rate to super senior citizens, typically individuals aged 80 years and above. Here is a breakdown of Bank of India super senior citizen fixed deposit rates:

Tenure	Super Senior Citizen FD Rates (per annum)
07 days to 14 days	3.00
15 days to 30 days	3.00
31 days to 45 days	3.00
46 days to 90 days	4.50
91 days to 179 days	4.25
180 days to 210 days	6.15
211 days to 269 days	6.15
270 days to less than 1 Year	6.15
1 Year	7.15
Above 1 Year to less than 2 Years	7.15
2 Years to less than 3 Years	7.25
3 Years	7.60
Above 3 Years to less than 5 Years	7.15
5 Years to less than 8 Years	6.90
8 years & above to up to 10 Years	6.90

ALSO READ: Senior Citizen Fixed Deposit Interest Rates

Compare Bank of India Senior Citizen FD Interest Rates with Other Banks

Several banks currently offer higher interest rates than Bank of India for specific tenures. The table below compares Bank of India senior citizen Fixed Deposit rates with other banks' FD rates.

Bank	Highest Rate
Bank of India	7.45% (3 years)
Shivalik Small Finance Bank	8.30% (21 to 22 Months)
Suryoday Small Finance Bank	8.25% (30 Months)
Utkarsh Small Finance Bank	8.25% (666 Days)
Jana Small Finance Bank	8.00% (370–380 Days)
Mahindra Finance	7.80% (48 to 60 Months)
Yes Bank	7.75% 18 < 24 months and 36 to < 60 months)
Indusind Bank	7.75% (24 to 36 Months)
Shriram Finance Bank	7.75% (36 to 60 Months)
Bajaj Finance	7.75% (31 to 60 Months)
RBL Bank	7.70% (18 to 36 months)
Sundaram Finance	7.50% (24 to 60 Months)
ICICI Housing Finance	7.35% (48 to 60 Months)
Kotak Mahindra Bank	7.30% (2 to 3 Years)
Bank of Baroda	7.25% (555 Days)
Canara Bank	7.10% (555 Days)
ICICI Bank	7.10% (3 to 5 Years)
SBI	7.05% (5 to 10 Years)
HDFC Bank	7.00% (3 to 4 Years)
Central Bank of India	6.75% (2 yr to less than 3 years)