Bank of India RD Interest Rates | BOI Recurring Deposit Calculator

Bank of India RD Calculator is available here. Calculate your Recurring Deposit maturity amount by using BOI RD Calculator. The interest rates and tenure periods of BOI are necessary to calculate the maturity amount. You can also calculate your Investment amount by using Bank of India RD Installment Calculator. Read the complete article to get the Bank of India RD Interest Rates and to know the usage of the BOI RD Calculator & RD Installment Calculator.

Bank of India RD Calculator

The Bank of India RD Calculator is mainly used to calculate the Recurring Deposit Maturity Amount. Many people do not know How To Use Bank of India RD Calculator. For the sake of people, we are providing the BOI Recurring  Deposit Calculator on this page. Therefore, the individuals who want to calculate their Recurring Deposit maturity amount can calculate here. You can also calculate your investment amount by using BOI RD Installment Calculator. To calculate the maturity amount and investment amount, you have to know the interest rates and tenure periods. We are also providing the Recurring Deposit latest interest rates of BOI in the following sections. Hence, follow the below sections to know the processing of Bank of India RD Calculator and BOI RD Installment Calculator.

How To Use Bank of India RD Calculator?

  1. First of all, go to the Bank of India Official website or check the below link.
  2. Search for the Bank of India RD Calculator link.
  3. If you find the link, then open it.
  4. A page with BOI RD Calculator appears on the screen.
  5. Enter the necessary details like Investment amount, interest rate, tenure period, compounding on the calculator.
  6. After entering all the details click on the calculate button.
  7. Finally, your Recurring Deposit maturity amount appears on the screen.
  8. You can calculate with different investment amounts and interest rates to know the maturity amount.

The individuals who want to calculate the Recurring Deposit maturity amount can follow the above steps. People who want to calculate the investment amount can use the BOI RD Installment Calculator. If you do not know How To Use BOI RD Installment Calculator, you can learn from the below sections. Once refer the below link to know more details about BOI RD Calculator. If you want to get the RD Calculator instantly, you can also see the below link.

Click here: BOI RD Calculator

How To Use BOI RD Installment Calculator?

  1. First of all, go to the BOI official website or Check the below link.
  2. Search for the BOI RD Installment Calculator link.
  3. If you get the link, then open it.
  4. A page with Bank of India RD Installment Calculator appears on the screen.
  5. Enter the necessary details like Maturity amount, interest rate, compounding, tenure period or duration on the calculator.
  6. Click on the Calculate button after entering all the details.
  7. Finally, your Recurring Deposit Investment amount appears on the screen.
  8. You can try with different interest rates, and maturity amounts to know the investment amount.

People who want to know their Recurring Deposit investment amount can follow the above steps. The Bank of India RD Interest Rates is necessary to calculate the maturity amount and the investment amount. We had given the interest rates on the below tables. So, use the below interest rates while calculating your RD Maturity amount and investment amount. Once open the below link to get the RD Installment Calculator directly on this page.

Click here: BOI RD Installment Calculator

Bank of India RD Calculator

Bank of India RD Interest Rates

Bank of India Recurring Deposit Interest Rates
Tenure Period General RD Rates Senior Citizen RD Rates
180 days to 269 days 6.75% 7.25%
270 days to 364 days 6.90% 7.40%
1 year to 1 year 364 days 7.00% 7.50%
2 years to 2 years 364 days 7.00% 7.50%
3 years to 4 years 364 days 6.90% 7.40%
5 years to 7 years 364 days 6.90% 7.40%
8 years to 10 years 6.90% 7.40%

BOI RD Interest Rates

Interest Rates of BOI on Recurring Deposit from Below 1C to above 10C
Tenure Period RD Interest Rates for below Rs.1 Crore RD Interest Rates On Rs.1 Crore but below Rs. 10 crore Recurring Deposit Interest Rates above Rs.10 Crore
180 days to 269 days 6.9 6.3 6.25
270 days to less than 1 Year 7 6.3 6.5
1 Year & above but less than 2 Years 7.1 6.75 6.5
2 Years to less than 3 years 7.1 6.5 6.5
3 Years to less than 5 years 7 6.5 6.5
5 years to less than 8 years 7 6.5 6.5
8 years & above to 10 years 7 6.5 6.5

Bank of India NRE RD Interest Rates

BOI NRE RD Rates for Below 1C to Above 10C
Tenure Period Recurring Deposit Interest Rates for below Rs.1 Crore Recurring Deposit Interest Rates for below Rs. 10 crore Recurring Deposit Interest Rates for above Rs.10 Crore
180 days to 269 days 6.9 6.3 6.25
270 days to less than 1 Year 7 6.3 6.5
1 Year & above but less than 2 Years 7.1 6.75 6.5
2 Years to less than 3 years 7.1 6.5 6.5
3 Years to less than 5 years 7 6.5 6.5
5 years to less than 8 years 7 6.5 6.5
8 years & above to 10 years 7 6.5 6.5

Bank of India Recurring Deposit

Recurring Deposit is one of the saving’s scheme. By using Recurring Deposit account, you can save your money safely in banks. In Recurring Deposit, you have to deposit some amount of money monthly till the completion of the tenure period. At the time of maturity, you can get a lump sum amount along with the interest rate. Most of the banks are offering high-interest rates for Recurring Deposits. You can also calculate your RD Maturity amount with the help of the Bank of India RD Calculator.

The Bank of India is founded in 1906 by a group of renowned businessmen. The BOI Headquarters are located in Mumbai. In India, there are many BOI Branches and ATM’s. It is offering high-interest rates for Recurring Deposit. If you want to apply for a new RD account in Bank of India, you can apply in 2 ways. Before applying for a new RD Account, you have to check your eligibility. The people who do not know about the BOI Recurring Deposit Account Opening procedure If you are eligible, you can apply for the new Recurring Deposit Account. To know more details about Recurring Deposit, you can see the below link.

Click here: Bank of India Recurring Deposit.

BOI Recurring Deposit Account Opening

The individuals who want to apply for a new RD Account can apply in 2 ways. There are one is the online process and the another one is the offline process.  For the sake of people, we are providing the 2 processing methods in the below sections. If you do not know How To Open BOI RD Account, you can learn from the below topics. Therefore, the people who do not know the account opening process can follow the below steps.

How To Open BOI RD Account Online

  1. First of all, go to the Bank of India Official website or follow the below link.
  2. Search for the Recurring Deposit Online application form link.
  3. If you find the link, then open it.
  4. Fill the application form without any mistakes.
  5. After filling the application form, you can submit it.
  6. Pay the application fee through Internet banking or in the form of Credit card or Debit Card.
  7. After verifying your application the bank officers will create a new RD Account for you.

The applicants who want to apply for a new BOI RD Account through online can follow the above processing steps. Therefore, the individuals who want to apply for a Bank of India RD Account through offline and do not know How To Open BOI RD Account Offline can see the below sections.

How To Open BOI RD Account Offline

  1. First of all, go to the BOI official website or check the below link.
  2. search for the RD Account opening application form.
  3. If you find the link, then download the pdf form.
  4. Fill the application form without any mistakes.
  5. After filling the application form attach the necessary documents to the application.
  6. Submit the application form at the bank counter.
  7. Pay the application fee in the form of cash only.
  8. After verifying your application and documents, the bank officers will approve your RD Account.

People who want to apply for a BOI RD Account through offline can follow the above steps. Before applying for an RD Account, you have to know the RD Schemes in BOI. To know more details about Bank of India Recurring Deposit Account Opening, you can see the below link.

Click here: Bank of India RD Account Opening.

RD Schemes in BOI

The bank of India is offering many schemes for Recurring deposit. We are providing some of the schemes in the below sections. Therefore, the interested persons can follow the below sections to know the schemes of Rd.

Short Term RD Rates

  • The interest rate for a tenure period of 6months to 1 year is ranging from 6.90% to 7.10% per annum.
  • For a deposit of below 1C, the interest rate is 6.30% to 6.75%.
  • For a deposit of above 1C, the interest rate is 6.25% to 6.50%

Medium and Long Term RD Rates

  • In a middle term, the interest rate is 7.10% to 7.00% for a tenure period of 2 years to 5 years.
  • In the Long term, the interest rate is 7.00% per annum.

Senior Citizen RD Rates

  • The Senior Citizens must have an account in BOI for minimum 6 months to receive the special interest rates.
  • The interest rate is 0.50% higher than the regular depositors.
Updated: March 18, 2017 — 10:03 am

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