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Old 3rd November 2016, 11:17 AM
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Default Bank of India Recurring deposit

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  #2  
Old 5th April 2018, 11:19 PM
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Default Re: bank of india recurring deposit

Hii sir, I Wants to get Interest Rates for the Recurring Deposit of the Bank of India Will you Please Provide It ?
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  #3  
Old 5th April 2018, 11:19 PM
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Join Date: Mar 2013
Default Re: bank of india recurring deposit

Recurring Deposit is a special type of deposit account which enables a depositor particularly in fixed income group to save by paying into the account an agreed fixed sum of money monthly over a stipulated period. The deposits in this type of account earn compound interest on quarterly basis

The Recurring Deposit Accounts can be opened in the names of :
Individual Single Accounts
Two or more individuals Joint Accounts
Illiterate Persons
Blind Persons
Minors

The Interest Rates for the Recurring Deposit of the Bank of India is given below

Interest Rates for the Recurring Deposit of the Bank of India



Tenure Recurring Deposit Interest Rates below Rs.1 Crore
180 days to 269 days 6.5
270 days to less than 1 Year 6.5
1 Year & above but less than 2 Years 6.7
2 Years to less than 3 years 6.65
3 Years to less than 5 years 6.6
5 years to less than 8 years 6.5
8 years & above to 10 years 6.5


Tenure Recurring Deposit Interest Rates On Rs.1 Crore but below Rs. 10 crore
180 days to 269 days 4.25
270 days to less than 1 Year 4.25
1 Year & above but less than 2 Years 4.5
2 Years to less than 3 years 4.5
3 Years to less than 5 years 4.5
5 years to less than 8 years 4.5
8 years & above to 10 years 4.5

Tenure Recurring Deposit Interest Rates On Rs.1 Crore but below Rs. 10 crore
180 days to 269 days 4.25
270 days to less than 1 Year 4.25
1 Year & above but less than 2 Years 4.5
2 Years to less than 3 years 4.5
3 Years to less than 5 years 4.5
5 years to less than 8 years 4.5
8 years & above to 10 years 4.5
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