Boi Saving Account Interest Rate

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Quarterly interest payment is effective from May 2016 and is invariably credited on regular basis in SB account irrespective of the operational status of the account. Any change/ revision in interest rate on Savings Bank Deposits shall be notified to the customers through Bank's website i.e. Saving Bank Deposit Rate of. Large banks, both government-owned and from the private sector are giving far lower interest rates to the savings account holders. For instance, State Bank of India and Bank of Baroda pays just 2.

Bank interest rates for savings

Boi Saving Account Interest Rate 2021

Get CIBIL Score Instantly for Free and Save around INR 4,800 a Year (Only for Wishfin Customers) Instant Personal Loan Quotes from 17 Banks and Get the Best Deal. Savings Account is the oldest and most common form of savings. The reason behind people preferring a savings account over any other form of savings is that here the principal amount is always safe no matter how much interest is earned. Savings Bank deposit slabs Existing Rate of Interest Revised Rate of Interest w.e.f.; SB Deposit accounts with balances upto Rs.

6% interest savings account

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Boi Saving Account Interest Rate

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Interest Rates - Deposit

Interest rates effective from 15/12/2020 (Percentage per Annum)
Period< Rs. 2 Cr
7 – 14 Days3.00
15 – 30 Days3.00
31 – 45 Days3.00
46 – 90 Days3.75
91 - 120 Days4.25
121 to 180 Days4.30
181 Days to <1 Year 4.50
1 Year 5.25
>1 Year to 2 Years5.30
>2 Year to 3 Years5.50
>1 Year to 3 Years-
>3 Years to 5 Years5.55
>5 Years to 10 Years 5.60
  • Interest rates are subject to change. Hence depositor will ascertain the rates as on the date of placement from the website.
  • Aggregate value of deposits placed by a depositor on the day for an identical tenor will be taken for deciding applicable interest rate.
  • For interest rates for deposits of Rs. 2 Crores and above, Please contact our nearest branch.
Interest is calculated on daily product basis and is credited on quarterly basis in the months of April, July, October and January every year.
Saving Bank deposits rates w.e.f. 31.03.2020
On balance upto & including Rs. 25.00 lakhs3.00% p.a.
On balance above Rs. 25.00 lakhs
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  • Interest Rates

Savings Account Interest Rates India