Bank of India hikes Rates on its Medium & Long Term Fixed Deposit

Bank of India, one of the leading public sector banks in India, has increased interest rates on medium and long-term Fixed Deposits of less than ₹ 3 Cr for tenures ranging from 1 to 3 years, effective from 18th May, 2026.

The revised rates for 1-year to less than 2 years is 6.50% p.a., for 2 years to less than 3 years @6.60% p.a., and for 3-year @6.70% p.a.

Senior Citizens and Super Senior Citizens will get an additional interest 0.50% and 0.65% p.a. for deposits with a maturity of 6 months to less than 3 years.

For FDs of 3 years and above, Senior Citizens and Super Senior Citizens will get an additional 0.75% p.a. and 0.90% p.a. over and above the applicable ROI.

Further, non-callable deposits (above ₹ 1 Cr with minimum tenure of 1 year) will earn an additional 0.15% p.a. Loan against Fixed Deposit and Premature Withdrawal options are available only on callable deposits.

Customers can open Fixed Deposits at any Bank of India branch or through the BOI Omni Neo App/internet banking.

Shares of Bank of India was last trading in BSE at Rs. 138.25 as compared to the previous close of Rs. 142.30. The total number of shares traded during the day was 640931 in over 6267 trades.

The stock hit an intraday high of Rs. 140.85 and intraday low of 137.50. The net turnover during the day was Rs. 88749729.00.

Source : Equity Bulls

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BankofIndia INE084A01016 InterestRate Revision Increase