उत्पाद विवरण
बैंक का नाम
Bank of India
Eligibility
Only individuals are eligible to open accounts under the scheme.
Thus, the Recurring Deposit Accounts can be opened in the names of
Individual — Single Accounts
Two or more individuals — Joint Accounts
Illiterate Persons
Blind Persons
Minors
ब्याज दर
Up to 7.95%
कार्यकाल
3 months to 10 years.
सावधि जमा प्रकार
Recurring
BOI Recurring Term Deposit
कर लाभ
None
साख दर
CRISIL A1+
ब्याज भुगतान आवृत्ति
Quarterly. Typically for fixed deposits having interest payment at maturity, compound interest is applicable and for fixed deposits having monthly interest payment, simple interest is applicable. Typically fixed deposits having a tenure of one year or less, simple interest is applicable. It is best to consult the bank officials before you book a fixed deposit.
संचयी/गैर-संचयी
Cumulative
विशेषताएँ
Attractive interest rates,
Flexible tenure.
Maximum tenure of up to 120 months.
The minimum amount required to open an RD is ₹500.
There is no limit on the maximum deposit amount, but the maximum instalment amount for 1 month is limited to Rs. 10,00,000.
न्यूनतम निवेश राशि
500
फीस और शुल्क
Pros
Low initial deposit requirements.
Additional concessions for senior citizens.
No limit on the maximum deposit amount.
Compounding of interest.
दोष
The maximum instalment amount is capped at Rs. 10,00,000.
पक्ष विपक्ष
खाता खोलने की प्रक्रिया और प्रक्रिया
कैसे खोलें?
Online:
Internet Banking:Log in to your Bank of India NetBanking account.
Navigate to the "Fixed Deposit" section.
Select the "Open FD" option.
Choose the type of deposit account (general, senior citizen, etc.).
Fill in the required details, including deposit amount, tenure, nominee information, and maturity instructions.Review the details and confirm the transaction.
Mobile App:
Download the Bank of India mobile app.Log in to your account.
Follow the steps similar to internet banking to open an FD.
2. Offline:
Visit a Bank Branch:Visit your nearest Bank of India branch.
Fill out the necessary FD application form.
Submit required documents, such as:PAN card
Aadhaar card
Address proof
Passport size photographs
Deposit the desired amount.
Application Procedure
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