Bank of India has revised interest rates on fixed deposits below ₹3 crore for tenures ranging from one to three years, effective May 18, 2026, offering higher returns for regular, senior, and super senior citizens.
Kolkata : Bank of India has announced an increase in interest rates on its medium and long-term Fixed Deposits (FDs) of less than ₹3 crore, effective from May 18, 2026. The revised rates apply to deposits with tenures ranging from one year to three years, offering improved returns for retail customers as well as additional benefits for senior and super senior citizens.
Under the revised structure, deposits with a maturity period of one year to less than two years will now earn 6.50 per cent per annum, while deposits with a tenure of two years to less than three years will fetch 6.60 per cent per annum. Fixed deposits with a three-year maturity will offer an interest rate of 6.70 per cent per annum.
The bank has also enhanced benefits for senior citizens and super senior citizens. For deposits with maturities ranging from six months to less than three years, senior citizens will receive an additional 0.50 per cent interest per annum, while super senior citizens will receive an additional 0.65 per cent per annum. For fixed deposits with tenures of three years and above, senior citizens will get an additional 0.75 per cent interest and super senior citizens will receive an extra 0.90 per cent over the applicable rate of interest.
Additionally, the bank stated that non-callable deposits above ₹1 crore with a minimum tenure of one year will attract an extra 0.15 per cent interest per annum. However, facilities such as loan against fixed deposit and premature withdrawal will remain available only for callable deposits.
Customers can open fixed deposits through any branch of Bank of India or digitally via the BOI Omni Neo App and internet banking platform.
Kolkata : Bank of India has announced an increase in interest rates on its medium and long-term Fixed Deposits (FDs) of less than ₹3 crore, effective from May 18, 2026. The revised rates apply to deposits with tenures ranging from one year to three years, offering improved returns for retail customers as well as additional benefits for senior and super senior citizens.
Under the revised structure, deposits with a maturity period of one year to less than two years will now earn 6.50 per cent per annum, while deposits with a tenure of two years to less than three years will fetch 6.60 per cent per annum. Fixed deposits with a three-year maturity will offer an interest rate of 6.70 per cent per annum.
The bank has also enhanced benefits for senior citizens and super senior citizens. For deposits with maturities ranging from six months to less than three years, senior citizens will receive an additional 0.50 per cent interest per annum, while super senior citizens will receive an additional 0.65 per cent per annum. For fixed deposits with tenures of three years and above, senior citizens will get an additional 0.75 per cent interest and super senior citizens will receive an extra 0.90 per cent over the applicable rate of interest.
Additionally, the bank stated that non-callable deposits above ₹1 crore with a minimum tenure of one year will attract an extra 0.15 per cent interest per annum. However, facilities such as loan against fixed deposit and premature withdrawal will remain available only for callable deposits.
Customers can open fixed deposits through any branch of Bank of India or digitally via the BOI Omni Neo App and internet banking platform.
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