Bank of India revised upward interest rates on fixed deposits (FDs) below ₹3 crore for tenures of one to three years, effective May 18, 2026.
Under the revised structure, deposits of one year to less than two years will earn 6.50 per cent per annum, two years to less than three years will fetch 6.60 per cent p.a. and the three-year tenure will carry the highest rate of 6.70 per cent p.a.
Senior Citizens will receive an additional 0.50 per cent p.a. over the applicable rate for deposits maturing between six months and less than three years, while Super Senior Citizens will get an extra 0.65 per cent p.a. for the same tenure band. For FDs of three years and above, the additional benefit rises to 0.75 per cent p.a. for Senior Citizens and 0.90 per cent p.a. for Super Senior Citizens.
Non-callable deposits above ₹1 crore with a minimum tenure of one year will attract a further premium of 0.15 per cent p.a. However, the loan against FD and premature withdrawal facilities remain available only on callable deposits.
Customers can open fixed deposits through any Bank of India branch, its BOI Omni Neo mobile app, or internet banking.
The rate hike follows a broader trend among public sector banks adjusting deposit rates amid evolving liquidity conditions. Bank of India is one of India’s largest nationalised banks, headquartered in Mumbai.
Published on May 18, 2026