Bank of India, a renowned public sector institution has come up with a lucrative offer for the citizens of India that no one can resist. The bank's new fixed deposit schemes has something to offer and with the likes of short-term, mid-term and long-term plans, the plans are best suited for the customers seeing it as an investment opportunity.
However, the interest rates for the tenures are decided according to the market conditions and liquidity requirements of the bank. And with the regular changes made to the returns, it becomes difficult for the investor to invest in some profitable products. Thus it is important to know the current FD rates to invest wisely.
At loanbaba.com, we will share updated information about best fixed deposit rates, FD India schemes of the bank and Indian Bank of India FD rates over all tenures for fixed deposit and term deposit. You will also come to know about popular FD rates, India by the bank for 2017 and FD interest rates that are the highest.
The short-term holding is 30 days for which returns are pegged at 4.5%. For the tenures of two to three months, the returns are set at 6.5% and 7% for the tenure of four months. For six months, it is pegged at 7.25%, and for nine months, it is 7.75% per annum.
For the tenures of one to two years, the long-term returns of 7.75%. It is 7.5% for the holding of two to five years, and it eventually deceases to 7.25% for the tenure of five years and above.
From the above-mentioned returns, the senior citizens get an extra 0.5% for their tenures six months and whereas, the returns remain unchanged for the tenures of two to four months.
Kindly Note: The interest rates pegged are on a yearly basis.
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