{"id":10786,"date":"2026-02-27T08:36:15","date_gmt":"2026-02-27T08:36:15","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=banking&p=10786"},"modified":"2026-02-27T08:36:15","modified_gmt":"2026-02-27T08:36:15","slug":"boi-rd-interest-rates-2026-check-latest-bank-of-india-recurring-deposit-rates","status":"publish","type":"banking","link":"https:\/\/lemonn.co.in\/blog\/banking\/boi-rd-interest-rates-2026-check-latest-bank-of-india-recurring-deposit-rates\/","title":{"rendered":"BOI RD Interest Rates 2026 \u2013 Check Latest Bank of India Recurring Deposit Rates"},"content":{"rendered":"\n

Planning to build your savings through fixed monthly deposits? The Bank of India (BOI) Recurring Deposit (RD)<\/strong> is a safe and disciplined way to grow your money with guaranteed returns.<\/p>\n\n\n\n

In this 2026 guide, we\u2019ll cover the latest BOI RD interest rates, tenure options, features, maturity example, eligibility, tax rules, and how to open an RD account<\/strong>.<\/p>\n\n\n\n

Quick Summary: BOI RD 2026<\/h2>\n\n\n\n
Feature<\/th>Details<\/th><\/tr><\/thead>
Interest Rate (2026)<\/td>Around 6.25% \u2013 7.30% p.a.*<\/td><\/tr>
Senior Citizen Rate<\/td>Usually 0.50% higher<\/td><\/tr>
Minimum Monthly Deposit<\/td>\u20b9100 or \u20b9500 (may vary)<\/td><\/tr>
Tenure<\/td>6 months to 10 years<\/td><\/tr>
Compounding<\/td>Quarterly<\/td><\/tr>
Premature Closure<\/td>Allowed with penalty<\/td><\/tr>
Loan Against RD<\/td>Available<\/td><\/tr>
Risk Level<\/td>Low<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

*Interest rates vary by tenure and bank revisions. Check BOI Net Banking or the branch for the latest confirmation.<\/p>\n\n\n\n

Latest BOI RD Interest Rates 2026<\/h1>\n\n\n\n

Bank of India RD interest rates are generally aligned with its Fixed Deposit (FD) rates for similar tenures.<\/p>\n\n\n\n

Typical Interest Rate Range (2026):<\/h3>\n\n\n\n
    \n
  • General Public:<\/strong> 6.25% \u2013 7.30% per annum<\/li>\n\n\n\n
  • Senior Citizens:<\/strong> Up to 0.50% additional interest<\/li>\n<\/ul>\n\n\n\n

    The rate applicable at the time of opening remains fixed for the entire RD tenure.<\/p>\n\n\n\n

    Interest is compounded quarterly and paid at maturity.<\/p>\n\n\n\n

    What is BOI Recurring Deposit (RD)?<\/h1>\n\n\n\n

    A Recurring Deposit (RD) allows you to:<\/p>\n\n\n\n

      \n
    • Deposit a fixed amount every month<\/li>\n\n\n\n
    • Earn guaranteed interest<\/li>\n\n\n\n
    • Receive principal + interest at maturity<\/li>\n<\/ul>\n\n\n\n

      It is ideal for:<\/p>\n\n\n\n

      \u2714 Salaried employees
      \u2714 Students
      \u2714 Small business owners
      \u2714 Individuals planning short- or medium-term goals<\/p>\n\n\n\n

      Tenure Options Available<\/h1>\n\n\n\n

      BOI typically offers flexible RD tenures:<\/p>\n\n\n\n

        \n
      • Minimum: 6 months<\/li>\n\n\n\n
      • Maximum: 10 years<\/li>\n<\/ul>\n\n\n\n

        You can choose tenure based on your financial goal timeline.<\/p>\n\n\n\n

        BOI RD Maturity Example (2026)<\/h1>\n\n\n\n

        Suppose you invest:<\/p>\n\n\n\n

          \n
        • \u20b93,000 per month<\/li>\n\n\n\n
        • Tenure: 5 years<\/li>\n\n\n\n
        • Interest Rate: 7%<\/li>\n<\/ul>\n\n\n\n

          Total Investment: \u20b91,80,000
          Estimated Maturity Amount: Around \u20b92,11,000+<\/p>\n\n\n\n

          (Exact maturity amount depends on the applicable rate and compounding frequency. Use the BOI RD calculator for precise figures.)<\/p>\n\n\n\n

          Key Features of BOI RD<\/h1>\n\n\n\n

          Low Minimum Investment<\/h2>\n\n\n\n
            \n
          • Minimum monthly deposit may start from \u20b9100 or \u20b9500.<\/li>\n\n\n\n
          • Deposits in multiples as per bank rules.<\/li>\n<\/ul>\n\n\n\n

            Auto-Debit Facility<\/h2>\n\n\n\n
              \n
            • The monthly installment can be auto-debited from the BOI savings account.<\/li>\n\n\n\n
            • Helps avoid missed payments.<\/li>\n<\/ul>\n\n\n\n

              Loan Against RD<\/h2>\n\n\n\n
                \n
              • Loan facility available (typically up to 75%\u201390% of RD balance).<\/li>\n\n\n\n
              • Interest slightly higher than the RD rate.<\/li>\n<\/ul>\n\n\n\n

                Premature Closure<\/h2>\n\n\n\n
                  \n
                • Allowed before maturity.<\/li>\n\n\n\n
                • Penalty charges may apply.<\/li>\n\n\n\n
                • Interest adjusted as per bank norms.<\/li>\n<\/ul>\n\n\n\n

                  Nomination Facility<\/h2>\n\n\n\n
                    \n
                  • Nominee can be added at account opening.<\/li>\n\n\n\n
                  • Can be updated later.<\/li>\n<\/ul>\n\n\n\n

                    Eligibility Criteria<\/h1>\n\n\n\n

                    You can open BOI RD if you are:<\/p>\n\n\n\n

                      \n
                    • Resident Indian individual<\/li>\n\n\n\n
                    • Minor (under guardian)<\/li>\n\n\n\n
                    • Joint account holder<\/li>\n\n\n\n
                    • HUF (as per bank policy)<\/li>\n<\/ul>\n\n\n\n

                      NRIs may open NRE\/NRO RD accounts (subject to bank terms).<\/p>\n\n\n\n

                      How to Open BOI RD (Step-by-Step)<\/h1>\n\n\n\n

                      Through Net Banking<\/h2>\n\n\n\n
                        \n
                      1. Log in to BOI Internet Banking<\/li>\n\n\n\n
                      2. Go to \u201cDeposits\u201d<\/li>\n\n\n\n
                      3. Select \u201cRecurring Deposit\u201d<\/li>\n\n\n\n
                      4. Enter monthly amount & tenure<\/li>\n\n\n\n
                      5. Confirm and submit<\/li>\n<\/ol>\n\n\n\n

                        Through the Mobile Banking App<\/h2>\n\n\n\n
                          \n
                        1. Open the BOI mobile banking app<\/li>\n\n\n\n
                        2. Select Deposits<\/li>\n\n\n\n
                        3. Choose Recurring Deposit<\/li>\n\n\n\n
                        4. Enter details and confirm<\/li>\n<\/ol>\n\n\n\n

                          Through Branch<\/h2>\n\n\n\n
                            \n
                          1. Visit the nearest BOI branch<\/li>\n\n\n\n
                          2. Fill the RD application form<\/li>\n\n\n\n
                          3. Submit KYC documents if required<\/li>\n\n\n\n
                          4. Deposit the first installment<\/li>\n<\/ol>\n\n\n\n

                            Is BOI RD Interest Taxable?<\/h1>\n\n\n\n

                            Yes.<\/p>\n\n\n\n

                              \n
                            • Interest earned is fully taxable.<\/li>\n\n\n\n
                            • TDS applies if the total interest exceeds the prescribed threshold.<\/li>\n\n\n\n
                            • Submit Form 15G\/15H if eligible.<\/li>\n\n\n\n
                            • Declare interest in your Income Tax Return (ITR).<\/li>\n<\/ul>\n\n\n\n

                              RD does not qualify for the Section 80C tax deduction.<\/p>\n\n\n\n

                              Advantages of BOI RD<\/h1>\n\n\n\n

                              \u2714 Guaranteed returns
                              \u2714 Flexible tenure options
                              \u2714 Loan facility available
                              \u2714 Suitable for disciplined monthly savings
                              \u2714 Safe public sector bank<\/p>\n\n\n\n

                              Limitations to Consider<\/h1>\n\n\n\n

                              Interest is taxable
                              Premature withdrawal penalty
                              Returns may not beat inflation
                              Fixed monthly commitment required<\/p>\n\n\n\n

                              BOI RD vs FD \u2013 Quick Comparison<\/h1>\n\n\n\n
                              Feature<\/th>RD<\/th>FD<\/th><\/tr><\/thead>
                              Deposit Mode<\/td>Monthly<\/td>Lump sum<\/td><\/tr>
                              Returns<\/td>Fixed<\/td>Fixed<\/td><\/tr>
                              Ideal For<\/td>Regular savers<\/td>Lump sum investors<\/td><\/tr>
                              Loan Facility<\/td>Yes<\/td>Yes<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                              FAQs on BOI RD 2026<\/h1>\n\n\n
                              \n
                              \n
                              \n

                              1. What is the current BOI RD interest rate in 2026?<\/h3>\n
                              \n\n

                              A. It typically ranges between 6.25% and 7.30%, depending on tenure.<\/p>\n\n<\/div>\n<\/div>\n

                              \n

                              2. Can I close BOI RD before maturity?<\/h3>\n
                              \n\n

                              A. Yes, but penalty charges may apply.<\/p>\n\n<\/div>\n<\/div>\n

                              \n

                              3. What is the minimum amount to open a BOI RD?<\/h3>\n
                              \n\n

                              A. Usually \u20b9100 or \u20b9500 per month (varies by branch).<\/p>\n\n<\/div>\n<\/div>\n

                              \n

                              4. Is BOI RD safe?<\/h3>\n
                              \n\n

                              A. Yes, it offers fixed and guaranteed returns.<\/p>\n\n<\/div>\n<\/div>\n

                              \n

                              5. Can NRIs open BOI RD?<\/h3>\n
                              \n\n

                              A. Yes, through NRE\/NRO RD schemes as per bank policy.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n

                              Troubleshooting & Common Issues<\/h1>\n\n\n\n

                              Missed Monthly Installment?<\/h3>\n\n\n\n
                                \n
                              • Late payment penalty may apply.<\/li>\n\n\n\n
                              • Continuous non-payment may lead to closure.<\/li>\n<\/ul>\n\n\n\n

                                RD Not Showing in Net Banking?<\/h3>\n\n\n\n
                                  \n
                                • Refresh the dashboard.<\/li>\n\n\n\n
                                • Check under \u201cDeposits\u201d.<\/li>\n\n\n\n
                                • Contact BOI customer care if needed.<\/li>\n<\/ul>\n\n\n\n

                                  Security & Smart Saving Tips<\/h1>\n\n\n\n
                                    \n
                                  • Enable auto-debit to avoid missed installments.<\/li>\n\n\n\n
                                  • Compare RD and FD rates before investing.<\/li>\n\n\n\n
                                  • Keep track of the maturity date.<\/li>\n\n\n\n
                                  • Never share OTP or login credentials.<\/li>\n<\/ul>\n\n\n\n

                                    Conclusion<\/h1>\n\n\n\n

                                    The Bank of India Recurring Deposit (2026)<\/strong> is a dependable option for building savings gradually with guaranteed returns. With interest rates typically ranging between 6.25% and 7.30%, it offers flexibility and safety for short- and medium-term financial goals.<\/p>\n\n\n\n

                                    If you prefer disciplined monthly investing without market risk, BOI RD can be a practical addition to your savings plan.<\/p>\n\n\n\n

                                    Before opening an RD, always check the latest interest rate in BOI Net Banking or your nearest branch for confirmation.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-10786","banking","type-banking","status-publish","hentry"],"blocksy_meta":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false,"web-stories-poster-portrait":false,"web-stories-publisher-logo":false,"web-stories-thumbnail":false},"uagb_author_info":{"display_name":"Sanjit Chakrabortty","author_link":"https:\/\/lemonn.co.in\/blog\/author\/"},"uagb_comment_info":0,"uagb_excerpt":"Planning to build your savings through fixed monthly deposits? The Bank of India (BOI) Recurring Deposit (RD) is a safe and disciplined way to grow your money with guaranteed returns. In this 2026 guide, we\u2019ll cover the latest BOI RD interest rates, tenure options, features, maturity example, eligibility, tax rules, and how to open an…","_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking\/10786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/banking"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=10786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}