Premature Closure of Bank of India (BOI) Fixed Deposit
- Premature withdrawal is permitted on all Bank of India Fixed Deposits.
- The BOI charges a 0.5% penalty for withdrawals of deposits less than ₹5 lakhs before the end of the 12-month period.
- Suppose the savings under INR 5 lakhs are withdrawn after 12 months then ,there will be no penalty in that situation.
- BOI charges a 0.5% penalty for premature withdrawals before or after 12 months on any deposits above ₹5 lakhs.
Bank of India (BOI) FD Interest Rates 2024
The Bank of India (BOI) is one of India’s oldest and most well-known nationalised banks. BOI’s headquarters are in Mumbai. It provides the necessary banking and financial services to both retail and corporate customers. The Bank of India is also a founding member of SWIFT, which stands for the Society for Worldwide Interbank Financial Telecommunications. SWIFT offers low-cost financial processing and communication services.
Bank of India provides its customers with a variety of FD options through which they can secure their investments and earn interest. Bank of India FD rates are often higher than savings account interest rates. Customers are permitted to deposit a specified amount while opening an account. Additional money deposits and withdrawals are not permitted during the current tenure.
Table of Content
- Bank of India (BOI) FD Rates 2024 (Less than ₹2 Crore)
- Bank of India (BOI) FD Interest Rates (₹2 Crore to ₹10 crore)
- Benefits of Bank of India (BOI) Fixed Deposit
- Types of Bank of India (BOI) FD Schemes
- How to Invest in Bank of India (BOI) FD?
- Eligibility to Open a Bank of India (BOI) FD Account
- Documents Required to Open Bank of India (BOI) FD
- Tax on Bank of India Fixed Deposit
- Loan Against Bank of India (BOI) FD
- Premature Closure of Bank of India (BOI) Fixed Deposit
- Frequently Asked Questions (FAQs)