.2 minutes reviewed Final Updated: Sep 27 2024|1:55 PM IST.Financial Institution of India (BOI) on Friday launched a 400-day fixed down payment scheme as component of its festive period offerings.Visit this site to associate with us on WhatsApp.The financial institution is actually giving an interest rate of 8.10 per cent every annum for the supposed extremely elderly Folks, 7.95 per cent for senior citizens, and also 7.45 per-cent for various other customers under non-callable down payments (those going over Rs 1 crore).Under callable deposits with a choice of untimely drawback, the bank is actually offering rate of interest of 7.95 per cent per year (p.a.) for incredibly senior citizens, 7.80 per-cent for senior citizens and 7.30 per-cent for various other clients. .Key components of the scheme:.Length: 400 days.Down Payment Amount: Lower Than Rs 3 crore.Availability: All divisions as well as digital stations (BOI Omni Neo App/ Internet Banking).Eligible depositors: Citizen Indians, NRE (Non-Resident Outside) profile, as well as NRO (Non-Resident Common) account owners.Rates of interest:.Non-callable down payments (for amounts over Rs 1 crore):.- Super elderly people: 8.10 per cent p.a.- Senior citizens: 7.95 per-cent p.a.- Other clients: 7.45 percent p.a.Callable deposits (with untimely drawback option):.- Super senior citizens: 7.95 percent p.a.- Elderly people: 7.80 percent p.a.- Various other customers: 7.30 percent p.a.Consumers considering the scheme can easily see their closest BOI branch or even use the banking company's digital systems - BOI Omni Neo App or Internet Banking - to open up a dealt with deposit under this scheme.List of recently revised rate of interest by BOI:
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First Released: Sep 27 2024|1:55 PM IST.