Bank of India Hikes FD Interest Rates, Know the Details 

Bank of India: There is a big news for bank customers. Bank of India has given a big relief to its Fixed Deposit (FD) customers. The bank has changed the interest rates on medium and long term FDs of less than Rs 3 crore. The new rates have come into effect from today, 18 May 2026. The special thing is that FDs of 1 year to 3 years will now get higher interest than before. According to the new rates, FDs of less than 1 year and up to 2 years will now get 6.50% interest. Whereas FDs of less than 2 years and up to 3 years will get 6.60% interest and FDs of exactly 3 years will get 6.70% annual interest.

The bank has also continued the extra interest benefit for senior and super senior citizens. Senior citizens will receive an extra 0.50% interest rate, and super senior citizens an extra 0.65% interest rate on FDs between 6 months and 3 years. Senior citizens will receive an extra 0.75% interest rate, and super senior citizens an extra 0.90% interest rate on FDs longer than 3 years.

Additionally, the bank is offering an additional 0.15% interest on non-callable FDs above Rs 1 crore. Non-callable FDs cannot be withdrawn prematurely. A charge is levied if you do so. However, loans against FDs and premature withdrawals are only available for callable deposits.

Customers can secure FDs via bank branches, the BOI Omni Neo mobile app, and online banking. This choice may be advantageous for investors looking for secure investments that yield better returns.

Bank of India FD interest rate

As per the updated rates, FDs maturing in 7 to 14 days will yield 3% interest. Similarly, FDs with maturities of 15 to 30 days and 31 to 45 days will also provide 3% interest. The bank will grant 4.50% interest on deposits maturing in 46 to 90 days.

For FDs maturing between 91 days and 179 days, the interest rate is 4.25%. Meanwhile, FDs with maturities of 180 days to 210 days, 211 days to 269 days, and 270 days to under 1 year will earn 5.50% interest.

A customer investing in a one-year FD will receive 6.50% annual interest. FDs with durations longer than one year but shorter than two years will also yield 6.50% interest.

Currently, the bank is providing 6.60% interest on FDs with a maturity period exceeding 2 years but less than 3 years. FDs with a maturity period of exactly 3 years will earn the highest interest rate of 6.70%.

For FDs with tenures exceeding 3 years but less than 5 years, the interest rate is 6.25%. In contrast, FDs with tenures from 5 to under 8 years and from 8 to 10 years will earn 6% interest.