Bank of India has introduced the ‘666 days special fixed deposit’ scheme, benefiting millions of its customers.
This is an exclusive fixed deposit (FD) scheme designed for deposits up to Rs 2 crore, offering special benefits to both general citizens and super senior citizen customers.
Super senior citizen customers are getting this much return
The Bank of India is providing a 7.95 percent interest rate to super senior citizens for the ‘666 days special FD scheme’.
This rate applies to deposits less than Rs 2 crore. Super senior citizens are individuals above 80 years of age.
Ordinary citizens and senior citizens are getting so many benefits
Senior citizen customers are enjoying a competitive interest rate of 7.80 percent with Bank of India’s ‘666 days special FD scheme’, while general customers are benefiting from a 7.30 percent interest rate. This scheme was introduced on June 1, 2024.
Loan facility available on FD
During the launch of this special FD scheme, the bank announced that customers can invest by visiting any Bank of India branch.
Additionally, customers have the option to invest in this special FD scheme through net banking or the BOI Neo App.
The bank also provides a loan facility to customers as part of this scheme.
Bank of India is one of the major government banks in the country. They introduced this scheme specifically for people who prefer to invest in FDs.
Many investors in the country choose to keep their money in FDs instead of the stock market or mutual funds due to FDs being seen as a low-risk investment option.
