Bank of India FD Interest Rates 2026 – Latest BOI Fixed Deposit Rates, Features & Eligibility
Bank of India (BOI) Fixed Deposits continue to be a trusted investment option in 2026 for individuals looking for safe and stable returns. As a major public sector bank, BOI offers competitive FD interest rates across multiple tenures — from short-term deposits to long-term savings plans.
If you’re planning to invest this year, here’s a complete guide on Bank of India FD interest rates 2026, features, eligibility, tax rules, and how to open an FD.
Quick Summary: Bank of India FD 2026
| Feature | Details |
|---|---|
| Bank Name | Bank of India (BOI) |
| Tenure | 7 days to 10 years |
| Minimum Deposit | ₹10,000 (may vary by scheme) |
| Maximum Deposit | No upper limit |
| Senior Citizen Benefit | +0.50% (typically) |
| Interest Payout | Monthly / Quarterly / On Maturity |
| Premature Withdrawal | Allowed with penalty |
| Loan Against FD | Available |
Bank of India FD Interest Rates 2026
BOI FD interest rates vary based on tenure and customer category (general or senior citizen). Rates are subject to change as per bank revisions.
BOI FD Rates for General Public (Indicative 2026)
| Tenure | Interest Rate (p.a.) |
|---|---|
| 7 – 45 days | 3.50% |
| 46 – 90 days | 4.50% |
| 91 – 179 days | 5.00% |
| 180 – 269 days | 6.00% |
| 270 days – 1 year | 6.25% |
| 1 year | 6.75% |
| 400 days (special tenure, if available) | 7.25% |
| 2 – 3 years | 7.00% |
| 3 – 5 years | 6.75% |
| 5 – 10 years | 6.50% |
BOI FD Rates for Senior Citizens (60+ Years)
Senior citizens typically receive an additional 0.50% interest over regular rates.
Example: If the general rate is 7.00%, seniors may earn around 7.50%.
BOI may introduce limited-period special FD schemes offering slightly higher returns. Always check the latest rates in the BOI mobile app or at your nearest branch before investing.
Key Features of Bank of India Fixed Deposits
1. Flexible Tenure
Choose from 7 days to 10 years based on your financial goals.
2. Guaranteed Returns
Interest rate is fixed at the time of booking.
3. Multiple Interest Payout Options
- Cumulative FD (interest paid at maturity)
- Non-cumulative FD (monthly/quarterly income)
4. Loan or Overdraft Against FD
Avail up to 80–90% of the FD value as a loan.
5. Premature Withdrawal Facility
Allowed before maturity with applicable penalty.
6. Auto-Renewal Option
FD can automatically renew upon maturity.
Types of BOI FD Schemes
Bank of India offers:
- Regular Fixed Deposit
- Tax Saver FD (5-year lock-in)
- Senior Citizen FD
- NRE/NRO Fixed Deposits (for eligible NRIs)
- Special Tenure FD Schemes (if announced)
BOI Tax Saver FD 2026
For tax planning:
- Lock-in period: 5 years
- Eligible under Section 80C (up to ₹1.5 lakh)
- Premature withdrawal not allowed
- Interest earned is taxable
Suitable for salaried individuals looking to reduce taxable income.
Eligibility Criteria
You can open a Bank of India FD if you are:
- Resident Indian (18+ years)
- Senior citizen (60+ years)
- Minor (through guardian)
- Joint account holders
- HUF, partnership firms, or companies (as per bank rules)
NRIs can open NRE/NRO deposits subject to eligibility norms.
How to Open Bank of India FD (Step-by-Step)
Option 1: Online via BOI Net Banking / Mobile App
- Login to BOI net banking
- Select “Open Fixed Deposit”
- Enter deposit amount
- Choose tenure
- Select payout option
- Confirm and submit
FD advice is generated instantly.
Option 2: Visit BOI Branch
- Fill FD application form
- Submit KYC documents (Aadhaar, PAN)
- Deposit cheque or transfer funds
- Collect FD receipt
Premature Withdrawal Rules
- Allowed before maturity
- Penalty typically 0.5%–1% lower interest
- Tax Saver FD cannot be withdrawn before 5 years
Penalty rules may vary, so confirm before breaking the FD.
Taxation on BOI FD Interest
Important tax details for 2026:
- Interest earned is fully taxable
- TDS applicable if interest exceeds prescribed limit
- Senior citizens have higher TDS exemption threshold
- Submit Form 15G/15H (if eligible) to avoid TDS
Interest income must be declared while filing ITR.
Who Should Invest in BOI FD?
BOI FD is suitable for:
Risk-averse investors
Senior citizens seeking regular income
Individuals planning tax-saving investments
Short-term and medium-term savers
It may not suit investors seeking high, market-linked returns.
FAQs – Bank of India FD Interest Rates 2026
1. What is the highest BOI FD interest rate in 2026?
A. Mid-terMid-term special tenures (like 400 days, if available) often offer higher returns. Check the BOI app for latest updates.
2. Is Bank of India FD safe?
A. Yes. Bank of India is a public sector bank regulated by RBI.
3. Can I break BOI FD before maturity?
A. Yes, except Tax Saver FD. Penalty may apply.
4. What is the minimum deposit amount?
A. Typically ₹10,000 (may vary by branch or scheme).
5. Does BOI offer monthly interest payout?
A. Yes, under non-cumulative FD option.
Troubleshooting & Common Issues
FD Not Visible in Account?
Refresh net banking or contact BOI customer care.
TDS Deducted?
Check PAN update and Form 15G/15H submission status.
Auto-Renewal Not Working?
Update maturity instructions in net banking or visit branch.
Security Tips Before Investing
- Verify interest rate and tenure before confirmation
- Add nominee details
- Avoid sharing OTP or banking credentials
- Keep FD receipt stored safely
- Use official Bank of India channels only
Conclusion
Bank of India FD interest rates in 2026 remain competitive across short-term and medium-term tenures. With flexible payout options, senior citizen benefits, and the credibility of a public sector bank, BOI Fixed Deposits continue to be a reliable and low-risk investment option.
Before investing, compare tenure-wise returns and check the latest interest rates in the BOI app or branch to maximise your returns.
