Bank of India: If you want to earn solid returns by investing your hard-earned money in a safe and reliable public sector bank in 2026, Bank of India (BoI) has a great opportunity for you. Bank of India, one of India’s 12 major public sector banks, has updated its fixed deposit (FD) rates.
Despite the RBI’s significant 1.25% cut in the repo rate last year, Bank of India has maintained attractive interest rates for its customers. Now, you can earn a guaranteed fixed interest of up to ₹77,945 by depositing just ₹2 lakh in this bank’s special FD scheme.
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BoI FD Rates 2026
You can open a fixed deposit account with Bank of India for a tenure ranging from 7 days to 10 years, depending on your convenience. Currently, this public sector bank offers stable interest rates ranging from 3.00% to 7.35% for different tenures. The bank’s most popular scheme is the Star Swarnim Special FD.
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This scheme is specially designed for a tenure of 450 days, offering stable interest rates of 6.70% for general citizens, 7.20% for senior citizens, and 7.35% for very senior citizens. Furthermore, if you choose a medium-term tenure, i.e., more than 3 years but less than 5 years, the bank offers 6.25% for general citizens and 6.75% for senior citizens.
How much can you earn on ₹2 lakh
Bank of India’s 59-month (slightly less than 5 years) FD scheme is proving to be the most profitable for those who want high interest rates over a long period. If an average citizen deposits ₹2 lakh for 59 months, at an interest rate of 6.25%, they will receive a total of ₹2,71,302 upon maturity, with the interest earnings alone being ₹71,302.
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Senior citizens benefit even more from this steely scheme, as they are offered an interest rate of 6.75% for the same 59-month period. This yields a total maturity amount of ₹2,77,945 on an investment of ₹2 lakh, with a net interest portion of ₹77,945.
Bank of India FD Features and Security
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Being a government-owned bank, your money not only grows with steely security, but also receives several other important benefits. Your money is completely safe with Bank of India under the custodial supervision of the Government of India.
Investing in Bank of India also offers loan and overdraft facilities, meaning you won’t need to break your FD in case of an emergency. You can avail a solid loan of up to 90% of your deposit. The bank also allows premature withdrawals, subject to some minor conditions, to ensure you receive the necessary support in times of need.