.2 min checked out Last Upgraded: Sep 27 2024|1:55 PM IST.Financial Institution of India (BOI) on Friday introduced a 400-day predetermined deposit plan as component of its own cheery season offerings.Visit this site to get in touch with our team on WhatsApp.The financial institution is actually using a rate of interest of 8.10 per-cent per annum for the supposed extremely elderly Folks, 7.95 per cent for elderly people, and 7.45 per-cent for various other clients under non-callable down payments (those exceeding Rs 1 crore).Under callable consign an option of premature withdrawal, the banking company is actually delivering interest rate of 7.95 per-cent every year (p.a.) for incredibly elderly people, 7.80 percent for senior citizens as well as 7.30 per cent for various other clients. .Key components of the program:.Period: 400 days.Deposit Amount: Less than Rs 3 crore.Accessibility: All divisions and digital stations (BOI Omni Neo App/ Electronic Banking).Qualified depositors: Local Indians, NRE (Non-Resident External) account, and NRO (Non-Resident Normal) account holders.Rates of interest:.Non-callable down payments (for amounts over Rs 1 crore):.- Super senior citizens: 8.10 percent p.a.- Seniors: 7.95 per cent p.a.- Other clients: 7.45 per-cent p.a.Callable down payments (with untimely withdrawal choice):.- Super seniors: 7.95 percent p.a.- Seniors: 7.80 percent p.a.- Other consumers: 7.30 percent p.a.Consumers considering the scheme may explore their nearby BOI branch or even use the financial institution’s digital systems – BOI Omni Neo Application or even Electronic Banking – to open a repaired deposit under this scheme.List of lately revised rate of interest by BOI:
. Initial Posted: Sep 27 2024|1:55 PM IST.