Bank of India Star Flexi RD Scheme 2025

BOI Star Flexi-Recurring Deposit Interest Rates

Tenure	Interest Rates (for deposits less than Rs.2 crore)	Interest Rates (for deposits less than Rs.2 crore)
1 year to less than 2 years (except 444 days)	6.70% p.a.	6.70% p.a.
444 days*	6.75% p.a.	6.70% p.a.
2 years to less than 3 years	6.70% p.a.	6.70% p.a.
3 years to less than 5 years	6.50% p.a.	6.50% p.a.
5 years to less than 8 years	6.50% p.a.	6.50% p.a.
8 years to 10 years	6.35% p.a.	6.35% p.a.

*Applicable only for deposits less than Rs.2 crore

Benefits of the BOI Star Flexi-Recurring Deposit Scheme

1. Minimum amount of Rs.100 to open the account
2. Enjoy an interest rate of up to 6.75% p.a.
3. Nomination facility available
4. Flexible instalments

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Things to Remember

1. Core instalment has to be paid every month to avoid penalty charges
2. Core instalments cannot be paid in advance
3. Single maturity date for both core and flexi portions
4. In the last month of the RD account, flexi instalment won't be accepted
5. Core instalment is fixed and cannot be varied
6. Auto-renewal of the maturity proceeds is not permitted

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BOI Star Flexi-Recurring Deposit EMI Calculator

It's always advised to calculate the interest beforehand so that you can understand how much your returns would be after the maturity period. It will also help you compare other FD schemes.

In order to calculate, you can use any of the online RD calculator. Remember that the interest earned depends on the instalment amount, tenure, and interest rate. Sign up for the BOI Star Flexi-Recurring Deposit scheme to enjoy flexible instalments and attractive rates. Make sure to read the terms and conditions thoroughly before signing up.

RD Interest Rates by Banks

1. Uco Bank RD Interest Rates
2. Federal Bank RD Interest Rates
3. Indian Bank RD Interest Rates
4. Kotak Mahindra RD Interest Rates
5. IOB RD Interest Rates
6. Citybank RD Interest Rates
7. Indusind Bank RD Interest Rates
8. 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. Indian Bank Recurring Deposit
11. Union Bank Recurring Deposit
12. UCO Bank Recurring Deposit

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FAQs on Star Flexi Recurring Deposit scheme

• What is the Star Flexi Recurring Deposit scheme?

   The Star Flexi Recurring Deposit scheme offered by Bank of India allows customers to select a core instalment as well as monthly flexi instalments.  

• What are the tenure options available for the Star Flexi Recurring Deposit?

  The tenure options for the Star Flexi Recurring Deposit range from 1 year to 10 years.

• Who is eligible to open a Star Flexi Recurring Deposit account?

   All individuals including minors are eligible to open a Star Flexi Recurring Deposit account.  

• What are the minimum and maximum monthly instalments for a Star Flexi Recurring Deposit account?

  The minimum instalment amount for rural and semi-urban branches is Rs.100 while minimum instalment amount for metro and urban branches is Rs.500. There is no limit to the maximum monthly instalment. 

• What is the minimum Flexi instalment to open a Star Flexi Recurring Deposit account?

    You can deposit any sum that is greater than the initial chosen core monthly instalment at the time of account opening. 

• What happens if I do not pay the monthly RD instalment?

  If you do not pay the monthly RD instalment, you will be charged a penalty according to the applicable rules.

• Can I open a Star Flexi Recurring Deposit account in joint names?

  Yes, you can open a Star Flexi Recurring Deposit account in joint names.

• Does the Star Flexi Recurring Deposit offer a nomination facility?

  Yes, the Star Flexi Recurring Deposit offers a nomination facility. 

• Can I set up standing instructions for core instalments?

   Yes, you can set up standing instructions for core instalments.  

• Does the Star Flexi Recurring Deposit allow core instalments in advance?

  No, core instalments in advance will not be allowed. Any deposits made in a month that are more than the core instalment will be regarded as Flexi instalments.