Bank of India is one of the 12 government-owned banks in the country.
After the RBI reduced the repo rate last year, many banks changed their fixed deposit interest rates.
Bank of India also revised its FD rates from December 1, 2025.
The good news is that this government bank is still offering strong returns on fixed deposits.
With the right FD plan, investors can earn guaranteed interest of up to ₹77,945 on a deposit of ₹2 lakh.
FD Interest Rates Up to 7.35 Percent
Bank of India allows customers to open FD accounts for periods ranging from 7 days to 10 years.
The interest rates currently range between 3.00 percent and 7.35 percent, depending on the tenure and age of the depositor.
The highest interest is being offered under the Star Swarnim Special FD Scheme of 450 days.
Under this scheme:
General citizens get 6.70 percent
Senior citizens get 7.20 percent
Very senior citizens get 7.35 percent
For FDs with a tenure of more than 3 years and less than 5 years, general citizens earn 6.25 percent, while senior citizens earn 6.75 percent.
How Much Will ₹2 Lakh Grow Into?
If a general citizen invests ₹2 lakh in a 59-month FD (less than 5 years) at 6.25 percent interest, the maturity amount will be ₹2,71,302.
This includes fixed interest of ₹71,302.
For senior citizens, the returns are even higher.
A ₹2 lakh FD for the same tenure at 6.75 percent interest will grow to ₹2,77,945.
This means a guaranteed interest earning of ₹77,945.
Why This FD Can Be a Good Choice
Bank of India is a government-backed bank, which makes it a safe option for conservative investors.
Fixed deposits here offer assured returns, flexible tenures, and extra benefits for senior citizens.
For those looking for stable income without market risk, this FD scheme can be a reliable investment option.
