Public Sector

Bank of India

Relationships Beyond Banking

📍 Mumbai, Maharashtra 📅 Est. 1906 🏢 5,100+ Branches
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About BOI

Bank of India was founded on September 7, 1906, by a group of eminent businessmen from Mumbai. The bank was nationalized in 1969 along with 13 other banks. It is one of the top nationalized banks in India with a rich legacy of over 115 years of banking excellence.

🏦 5,100+ Branches
🏧 6,000+ ATMs
👥 50,000+ Employees
📱 BOI Mobile Mobile App

💵 Savings Account

2.90% Interest Rate

Minimum Balance Requirements

  • Metro/Urban: Rs. 1,000
  • Semi-Urban: Rs. 500
  • Rural: Rs. 250

BSBD Account Available

Account Features

Free ATM Card Free Internet Banking Mobile Banking Passbook Facility SMS Alerts

💰 Fixed Deposit (FD) Interest Rates

Tenure Interest Rate
7-45 days 3.50%
46-90 days 4.50%
91-180 days 5.50%
181 days - 1 year 6.50%
1-2 years 7.05%
2-3 years 7.05%
3-5 years 6.50%
5-10 years 6.50%
Senior Citizen Extra +0.50%

* Rates are subject to change. Please verify with the bank before investing.

📈 Recurring Deposit (RD) Interest Rates

Tenure Interest Rate
6 months 5.50%
1 year 6.50%
2 years 7.05%
3 years 7.05%
5 years 6.50%

🏠 Loan Interest Rates

Home Loan

8.40% - 10.15%
Processing: 0.25% + GST Max Tenure: 30 years

Car Loan

8.70% - 10.60%
Processing: 0.50% + GST Max Tenure: 7 years

Personal Loan

10.85% - 14.00%
Processing: 1% + GST Max Tenure: 5 years

Education Loan

8.45% - 10.90%
Processing: Nil Max Tenure: 15 years

Gold Loan

8.65% - 9.75%
Processing: 0.50% Max Tenure: 3 years

Loan Against Property

9.50% - 11.25%
Processing: 0.50% + GST Max Tenure: 15 years

💳 Credit Cards

BOI RuPay Platinum

Annual Fee: Rs. 500 1 point per Rs. 100

BOI Star Visa Signature

Annual Fee: Rs. 2,999 Lounge access + rewards

BOI Easy Credit Card

Annual Fee: Rs. 250 Basic rewards program

📦 Locker Charges & Service Fees

🔐 Locker Annual Rent

  • Small: Rs. 1,500/year
  • Medium: Rs. 3,000/year
  • Large: Rs. 6,000/year
  • Extra Large: Rs. 10,000/year

💸 Service Charges

  • NEFT (Online): Free
  • NEFT (Branch): Rs. 2 - Rs. 25
  • RTGS (Online): Free
  • IMPS: Rs. 2.50 - Rs. 15
  • Cheque Book: 20 leaves free/quarter
  • Debit Card Annual: Rs. 125 - Rs. 350
  • SMS Alerts: Rs. 15/quarter

📞 Customer Care Numbers

Toll Free 1800-103-1906
General Helpline 1800-220-229
Credit Card 1800-103-1906
NRI Services 1800-22-4848

SWIFT Code: BABORINBB

IFSC Format: BKID0XXXXXX