.2 minutes reviewed Last Upgraded: Sep 27 2024|1:55 PM IST.Financial Institution of India (BOI) on Friday launched a 400-day predetermined down payment scheme as aspect of its cheery period offerings.Click on this link to connect with us on WhatsApp.The financial institution is actually providing an interest rate of 8.10 per-cent per annum for the supposed very senior Folks, 7.95 per-cent for seniors, and also 7.45 per-cent for other clients under non-callable down payments (those exceeding Rs 1 crore).Under callable consign a choice of untimely drawback, the banking company is using interest rate of 7.95 per-cent per year (p.a.) for very elderly people, 7.80 percent for elderly people and also 7.30 per cent for various other consumers. .Trick components of the scheme:.Timeframe: 400 days.Down Payment Amount: Lower Than Rs 3 crore.Availability: All divisions as well as electronic channels (BOI Omni Neo App/ Electronic Banking).Eligible depositors: Homeowner Indians, NRE (Non-Resident Outside) profile, and NRO (Non-Resident Normal) account holders.Rate of interest:.Non-callable deposits (for amounts above Rs 1 crore):.- Super elderly people: 8.10 percent p.a.- Senior citizens: 7.95 per cent p.a.- Various other clients: 7.45 percent p.a.Callable deposits (along with untimely withdrawal choice):.- Super seniors: 7.95 percent p.a.- Seniors: 7.80 per-cent p.a.- Various other customers: 7.30 per cent p.a.Consumers thinking about the system may visit their local BOI branch or use the bank's digital platforms - BOI Omni Neo Application or Electronic Banking - to open up a fixed deposit under this scheme.List of lately revised rate of interest by BOI:
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1st Published: Sep 27 2024|1:55 PM IST.