Bank of India RD Interest Rates 2025

Bank of India RD Rates by Tenure

Tenure	General Public (p.a.)	Senior Citizens (p.a.)
3 months	4.50%	5.00%
6 months	5.50%	6.00%
9 months	5.75%	6.25%
12 months	6.80%	7.30%
15 months – 21 months	6.80%	7.30%
24 months	7.25%	7.75%
27 months – 33 months	6.75%	7,25%
36 months – 57 months	6.50%	7.00%
60 months – 93 months	6.00%	6.50%
96 months – 120 months	6.00%	6.50%

Also, Check - Fixed Deposit Interest Rates

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Bank of India – Short-Term RD Interest Rates

Bank of India offers you the option of opening an RD for a short term. The tenure for a short-term RD ranges from 3 months to less than 21 months with the rate of interest offered being between 4.50% and 6.80% p.a. 

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Bank of India - Medium- and Long-Term RD Interest Rates

  Tenures that range from 2 years to less than 5 years fall under medium-term RDs while the tenures which are for 5 years and above are known as long-term RDs. Bank of India offers interest rates ranging from 6.00% to 7.25% on medium-term RDs and long-term RDs. 

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Bank of India - Senior Citizen RD Interest Rates

1. In the case of senior citizens, the tenure of the deposit must be more than 6 months.
2. The senior citizen must be above the age of 60 years and must be the first account holder.

1. In case the minimum deposit is above Rs.100, and additional rate of interest of 0.50% is provided. However, the maximum amount that can be deposited is Rs.2 crore.

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Bank of India - NRE Recurring Deposit Interest Rates

The public sector lender offers recurring deposit schemes to NRIs as well. The tenures start from 1 year and go up to 10 years.

Bank of India RD Schemes

1. Bank of India Star Flexi-Recurring Deposit Scheme

RD Interest Rates by Banks

1. Uco Bank RD Interest Rates
2. Central Bank RD Interest Rates
3. Federal Bank RD Interest Rates
4. Indian Bank RD Interest Rates
5. Kotak Mahindra RD Interest Rates
6. IOB RD Interest Rates
7. Citybank RD Interest Rates
8. Indusind Bank RD Interest Rates
9. BOM RD Interest Rates

RD Article Pages

1. Recurring Deposit Vs. Chit Fund
2. Miss to Pay the Recurring Deposit Due
3. Difference Between Recurring Deposit and SIP
4. Open RD Account through HDFC NetBanking
5. RD Account in SBI
6. Advantages of Recurring Deposit
7. Flexi RD
8. SBI Flexi RD Schemes
9. Monthly Recurring Deposit
10. City Union Bank Recurring Deposit
11. Indian Bank Recurring Deposit
12. Union Bank Recurring Deposit
13. UCO Bank Recurring Deposit

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FAQs on Bank of India RD Interest Rates

• Will there be TDS applied on recurring deposits?

  As per the Finance Act,2015, TDS will be applicable on the recurring deposits and the rate of interest you will be eligible to earn.

• How can I open an RD account with Bank of India?

  You can open an RD account with Bank of India by logging into the customer portal of the bank using your credentials. You will find the option of 'open an RD Account'. Click on it and follow the instructions. Submit the necessary documents and you will be able to open an RD account. You can also visit the nearest branch of Bank of India along with the necessary documents. A representative from the bank will help you with the process of opening a recurring deposit account.

• Does Bank of India provide the RD Calculator facility?

  Yes, Bank of India provides the RD calculator facility to its customers on the official website. You can use the RD calculator in order to determine the rate of interest that you will earn, and the final maturity amount based on the deposit amount and the tenure.

• In whose names can I open a recurring deposit account?

  You can open an RD account in the names of Individual — Single Accounts, Two or more individuals — Joint Accounts, Illiterate Persons, Blind Persons, Minors.

• How can I get in touch with the customer care service in case of any query related to recurring deposit?

  In case of any queries related to recurring deposit, you can get in touch with the customer care service by calling on the toll-free numbers 1800 103 1906 / 1800 220 229 or on the number (022) - 40919191 which is a chargeable number. The facility is available 24x7.

• What is the penalty on late payments for Bank of India RD account?

  The Bank of India charges a penalty if the monthly payment is not made on time. The penalty is Rs. 1.50 for every Rs. 100 per month for deposits with a tenure of five years or less and Rs. 2 for every Rs. 100 per month for deposits with a tenure of more than five years. 

• When does the maturity happen for a Bank of India RD account?

  The maturity of the Bank of India RD account occurs one month after the last instalment or the due date, whichever is later. 

• Do senior citizens get an additional interest rate on Bank of India RD account?

  Yes, senior citizens can earn an additional interest rate of 0.50% on a Bank of India RD account. This applies to a minimum monthly deposit of Rs. 100 for a regular RD account and Rs. 1,000 for a Flexi RD account. 

• Is it mandatory to pay the instalments right on the date of opening the Bank of India RD account every month?

  No, the Bank of India allows you to make the instalment payment for a particular calendar month until the last working day of that month. If the payment is not made by then, a penalty will be imposed on the overdue instalment at the prevailing rate. 

• How can I get in touch with the Bank of India customer care for queries related to Recurring Deposits?

  For any queries related to the Bank of India RD account, you can contact customer care by calling the toll-free numbers 1800 103 1906 or 1800 220 229 or the chargeable number (022) 40919191. The customer care service is available 24x7. 

• How can I open an RD account with the Bank of India?

  You can open an RD account with the Bank of India by logging into the customer portal using your credentials, selecting the option to 'open an RD Account,' and following the instructions to submit the necessary documents. Alternatively, you can visit the nearest Bank of India branch with the required documents, where a bank representative will assist you in opening a recurring deposit account. 

• Does the Bank of India provide an RD Calculator facility?

  Yes, the Bank of India offers an RD calculator on its official website. This tool helps you determine the interest you will earn and the final maturity amount based on your deposit amount and tenure. 

• In whose names can I open a Bank of India RD account?

  You can open a Bank of India RD account in the names of an individual (single account), two or more individuals (joint account), illiterate persons, blind persons, or minors.