Rates verified from official source

Bank of India interest rates · November 2026

Top FD rate
6.85%
500 Days(BOI Akshay Fixed Deposit) · 500-day Special
Senior citizen FD
7.45%
3 Years
Top RD rate
6.70%
Above 1 Year to less than 2 Years(Except 500 Days)
Savings rate
6.25%
Balance above ₹3000 crore
Top NRE FD rate
6.85%
500 Days (BOI Akshay Fixed Deposit)
Top FCNR(B) rate
4.75%
USD · 1 YR TO LESS THAN 2 YRS

BOI FD rates

1 year6.70%Senior 7.20%3 years6.70%Senior 7.45%5 years6.00%Senior 6.75%
All tenures, calculator and comparison →

What will my FD earn at BOI?

Estimated value after 1 year · before tax ₹5,34,351 6.70% p.a. · ₹34,351 interest · quarterly compounding
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Plan your recurring deposit at BOI

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Before opening an RD

Estimates assume on-time monthly installments and quarterly compounding. Confirm the term, minimum installment, late payment rules, and early closure terms with the bank.

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Overview

Bank of India (BOI) is a nationalised public sector bank, headquartered in Mumbai, established in 1906. Its headline 1-year FD rate of 6.70% is 0.48% above the public sector average of 6.22%, ranking #551 of 1033 banks on RateScan.in.

Headquarters
Mumbai
Established
1906
Branches
~5,100 approx.
Total business
~₹13 lakh crore approx.
Monitored since
18 Sept 2026
Ownership
Government of India (majority stakeholder)
Operates in
All India (nationwide)

Figures marked “approx.” are rounded public estimates as of 2024.

Financial health
CRAR
15.68%
Capital adequacy
Net NPA
0.85%
Bad loans (net)
Credit rating ICRA, India Ratings
AA+
Rating details ↓

Health indicators sourced from official 2025 disclosures. CRAR ≥ 16% = strong · Net NPA < 1% = healthy · Verify before investing.

Rates as of 2 Nov 2026, verified from official source. Majority Government-of-India owned: deposits insured by DICGC up to ₹5,00,000.

RBI record

Every RBI press release since 1 Jan 2024 that names Bank of India, newest first, each linked to RBI. Checked every week; last on 11 Nov 2026.

A monetary penalty is a fine for not following an RBI rule. On its own it does not stop the bank taking or repaying deposits; RBI does that through directions, which are listed here when they apply.

  1. RBI fined the bank ₹58.50 lakh

    RBI's reason: “for non-compliance with certain provisions of the directions issued by RBI on ‘Priority Sector Lending (PSL) – Targets and Classification’ and ‘Interest Rate on Deposits’”

    What RBI found

    “i) the bank collected ad-hoc service charges / inspection charges / processing charges in certain priority sector loan accounts, having sanctioned amount up to ₹25,000/-; and ii) the bank did not pay interest on certain Term Deposit Receipts (TDRs) from the date of maturity till the date of their repayment.”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2025-2026/2337

  2. RBI fined the bank ₹1.00 crore

    RBI's reason: “for non-compliance with provisions of Section 26A of the Banking Regulation Act, 1949 (BR Act) read with the ‘Depositor Education and Awareness Fund Scheme, 2014’”

    What RBI found

    “The bank had not transferred eligible amounts to the Depositor Education and Awareness Fund within the prescribed period.”

    RBI says: “The action is based on deficiencies in statutory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.”

    RBI press release 2024-2025/2001

  3. RBI fined the bank ₹1,40,76,000

    RBI's reason: “for non-compliance with certain directions issued by RBI on ‘Interest Rate on Deposits’, ‘Customer Service in Banks’, ‘Interest Rate on Advances’, ‘Central Repository of Information on Large Credits (CRILC) - Revision in Reporting’, and ‘Membership of Credit Information Companies (CICs)’ and contravention of provisions of Credit lnformation Companies Rules, 2006 (ClC Rules)”

    What RBI found

    “The bank i) did not pay interest in certain term deposit accounts as per the schedule of interest rates disclosed in advance; (ii) had levied SMS alert charges from customers based on invalid mobile numbers and not on actual usage basis; (iii) failed to reset interest rates in MCLR and external benchmark linked advances at prescribed periodicity; (iv) failed to benchmark the interest on certain floating rate retail loans and floating rate loans to MSME, to an external benchmark rate; (v) failed to report or inaccurately reported data pertaining to certain large borrowers to CRILC and (vi) failed to furnish accurate information to Credit Information Companies (CICs).”

    RBI says: “The action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transactions or agreement entered into by the bank with its customers.”

    RBI press release 2023-2024/2048

This record covers RBI press releases only. Other actions, such as those of a state's Registrar of Co-operative Societies, are not included.

Branches

5,643 branches in 563 districts

Most branches: Mumbai 141, Delhi 101, Ahmedabad 84

From RBI's IFSC directory (updated 1 Nov 2026). Counts can include recently merged or closed branches; check the bank's branch locator before visiting.

BOI Fixed Deposit rate changes

Changes to BOI's fixed deposit (FD) rates that RateScan.in has recorded since it started tracking them on 18 Sept 2026. Each date is when RateScan.in first recorded the new rate; the bank's own effective date is in the rate table above.

2 Nov 2026
▼ 2 cut▲ 6 raised−0.20 to +0.20 pp
  • Above 1 Year to less than 2 Years(Except 500 Days) · Below ₹3 crore (retail) · General6.50% → 6.70% 0.20 pp
  • 999 days (Green Deposit) · General6.85% → 6.65% 0.20 pp
  • Above 1 Year to less than 2 Years(Except 500 Days) · Senior7.15% → 7.35% 0.20 pp
Show all 8 changesShow fewer
  • 999 days (Green Deposit) · Senior7.35% → 7.15% 0.20 pp
  • 1 Year · Below ₹3 crore (retail) · General6.50% → 6.60% 0.10 pp
  • 2 Years to less than 3 Years · Below ₹3 crore (retail) · General6.60% → 6.70% 0.10 pp
  • 1 Year · Senior7.15% → 7.25% 0.10 pp
  • 2 Years to less than 3 Years · Senior7.25% → 7.35% 0.10 pp
Bank's rate page ↗

See all BOI rate changes →

Compare BOI with other banks

See BOI FD rates side by side against India's top banks.

BOI vs SBIBOI vs PNBBOI vs BoBBOI vs CanaraBOI vs UnionBOI vs HDFCBOI vs ICICIBOI vs AxisBOI vs KotakBOI vs IndusIndBOI vs YesBOI vs IDFC FirstBOI vs FederalBOI vs BandhanBOI vs RBLBOI vs AUBOI vs EquitasBOI vs Ujjivan

Credit rating

What independent credit rating agencies say about Bank of India. Every rating links to the document it comes from, so you can check it yourself.

AA+
Headline rating
Issuer rating · ICRA, India Ratings · Stable
High safety: very low credit risk
Latest rating action: 17 Jul 2026
AgencyInstrument RatingOutlook PublishedSource
ICRA Issuer rating AA+ Stable Assigned
17 Jul 2026
 Exchange filing
ICRA Basel III Tier II bonds AA+ Stable Reaffirmed
17 Jul 2026
 Exchange filing
India Ratings Issuer rating AA+ Stable Assigned
17 Jul 2026
 Exchange filing
India Ratings Basel III Tier II bonds AA+ Stable Reaffirmed
17 Jul 2026
 Exchange filing
India Ratings Infrastructure / long-term bonds AA+ Stable Reaffirmed
17 Jul 2026
 Exchange filing

Note: Earlier versions of this page showed AAA. The June–July 2026 rating actions in the bank's own exchange filings are AA+.

How to read these ratings
  • Scale: AAA is the highest long-term grade (lowest credit risk), then AA (very low risk), A (low risk) and BBB (moderate risk, the lowest investment grade). A + or − moves a grade up or down a notch. Short-term ratings such as A1+ cover obligations of up to a year.
  • Outlook: Stable, Positive or Negative is the agency's view of where the rating is likely to go over the next one to two years. Rating watch means the agency is reviewing the rating after a specific event, such as a change of owner.
  • Instrument: a rating belongs to a specific instrument, not to the whole bank. Tier I (AT1) and Tier II bonds can be written down if the RBI declares a bank non-viable, so they are usually rated no higher than the bank's deposits.
  • Headline grade: we use the rating on fixed deposits where an agency gives one; otherwise the issuer or Tier II rating. We take each agency's latest rating and show the lowest, so the headline is never more generous than any agency's latest view.
  • A rating is an opinion about the ability to repay on time. It is not a guarantee or a recommendation. Whatever the rating, deposits in a bank are insured by DICGC up to ₹5 lakh per depositor per bank (principal and interest together).

Sources: we list a rating only when we can point to the document that states it: the agency's own rating rationale, the bank's Regulation 30 filing on the NSE or BSE, a rating letter, or the bank's own rating page. A weekly automated check re-opens each linked document to confirm it still shows the grade and scans stock-exchange announcements for new rating filings. Last checked: 9 Nov 2026.

Check it yourself: CRISIL · ICRA · CARE · India Ratings · Infomerics

Ratings change. Confirm the current rating with the agency before you invest. This is information, not investment advice.

Good to know

  • Deposits with Bank of India are insured by DICGC up to ₹5,00,000 per depositor per bank (principal and interest combined, across all its branches). Anything above that is not insured.
  • BOI is a public sector bank, majority owned by the Government of India. Deposit insurance is still the DICGC cover above.
  • Senior citizens (60+) earn up to 0.75% p.a. more than general customers at BOI, depending on the tenure.
  • BOI's FD table includes 2 special schemes; check eligibility and end dates.
official Effective 2 Nov 2026 · Ingested 2 Nov 2026 · Verified 13 Nov 2026 · View source

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