Question 1

What are the highest interest rates for Bank of India in 2026?

Accepted Answer

As of September 2026, Bank of India offers up to 6.85% p.a. on Fixed Deposits and up to 5.50% p.a. on Savings Accounts based on the balance slabs maintained.

Question 2

Is Bank of India safe for depositing money?

Accepted Answer

Yes, Bank of India is a scheduled bank regulated by the RBI. Your deposits (up to ₹5 Lakhs per depositor) are insured by the DICGC, which covers principal and interest across all account types.

Question 3

What is the minimum tenure and senior citizen benefit for Bank of India FDs?

Accepted Answer

The minimum tenure for a fixed deposit with Bank of India starts from 7 Days. Senior citizens receive an additional interest rate benefit of up to 0.75% p.a. over general citizen rates.

Question 4

How does Bank of India Savings Account interest rate vary?

Accepted Answer

Bank of India offers tiered interest rates ranging from 2.50% to 5.50% p.a. depending on the balance slabs maintained in the savings account.

Question 5

Are returns on Bank of India FDs and Savings Accounts taxable?

Accepted Answer

Yes, interest earned on deposits is taxable. Savings account interest is tax-free up to ₹10,000 per year (₹50,000 for senior citizens) under Section 80TTA/80TTB. FD interest is fully taxable, and TDS is deducted at 10% if interest exceeds ₹40,000 (₹50,000 for senior citizens) in a financial year.

Maturity	USD
1 to <2 years	4.75%BEST
2 to <3 years	4.00%
3 to <4 years	4.00%
4 to <5 years	4.25%
5 years	4.50%

TENURE	Interest Rate
1 year	6.50%
Above 1 to <2 years	6.50%
2 to <3 years	6.60%
999 daysGreen FD	6.85%BEST
3 years	6.70%
Above 3 to <5 years	6.25%
5 to <8 years	6.00%
8 to 10 years	6.00%

Bank of India

Bank Overview

Financial Health Indicators(FY 2026)

Fixed Deposit (FD) Interest Rates

Savings Account Interest Rates

Foreign Currency Non-Resident (FCNR-B) Deposit Rates

NRI Fixed Deposit Rates (NRE & NRO)

Frequently Asked Questions

Bank of India FD Calculator