Business

Bank of India launches 400-day corrected down payment scheme for cheery time Personal Financial

.2 minutes went through Final Improved: Sep 27 2024|1:55 PM IST.Bank of India (BOI) on Friday introduced a 400-day predetermined deposit scheme as portion of its own festive season offerings.Visit here to associate with our company on WhatsApp.The banking company is offering a rates of interest of 8.10 percent every year for the so-called super senior Citizens, 7.95 per-cent for seniors, as well as 7.45 per cent for other clients under non-callable deposits (those exceeding Rs 1 crore).Under callable deposits with an option of early withdrawal, the bank is actually delivering interest rate of 7.95 percent every year (p.a.) for very seniors, 7.80 percent for elderly people and also 7.30 per-cent for other clients. .Trick attributes of the program:.Duration: 400 times.Down Payment Volume: Lower Than Rs 3 crore.Accessibility: All branches and digital channels (BOI Omni Neo App/ Internet Banking).Qualified depositors: Local Indians, NRE (Non-Resident External) profile, as well as NRO (Non-Resident Average) account holders.Rate of interest:.Non-callable deposits (for quantities above Rs 1 crore):.- Super elderly people: 8.10 percent p.a.- Elderly people: 7.95 percent p.a.- Various other customers: 7.45 per-cent p.a.Callable down payments (with premature drawback alternative):.- Super elderly people: 7.95 per cent p.a.- Senior citizens: 7.80 per cent p.a.- Other clients: 7.30 per-cent p.a.Customers thinking about the system may explore their closest BOI branch or even make use of the financial institution's digital systems - BOI Omni Neo App or even Internet Banking - to open up a corrected down payment under this scheme.List of lately revised rates of interest by BOI:
.
First Posted: Sep 27 2024|1:55 PM IST.