Public sector lender Bank of India has launched a special FD plan called ‘666 Days – Fixed Deposit’. The FD scheme offers very attractive returns on deposits as high as 7.95% per annum for super senior citizens for 666 days for deposit amount of less than Rs 2 crore. Super senior citizens are those who are 80 years of age or above.
Read More: Is the 18x15x12 formula the secret to smart investing for your child?
Customers and general public can take advantage of this unique investment opportunity by opening ‘666 Days – Fixed Deposit’ which offers one of the highest return on fixed deposits, reinforcing the bank’s commitment to deliver superior financial products, the bank said in a release.
Senior citizens to get 7.8% interest per annum
On this ‘666 Days – Fixed Deposit’, Senior citizens will get 7.80% per annum. General customers will get 7.3% per annum on this FD scheme. The revised interest rates are applicable for domestic, NRO and NRE Rupee Term deposits which is made effective from June 1, 2024.
Read More: Post office savings: These risk-free schemes offer up to 7.5% return. Do you own any?
Loan against FD and premature withdrawal available
Loan against fixed deposit and premature withdrawal facility is available, the release said. Customers can visit any Bank of India branch or use the BOI Omni Neo App / internet banking to open this special fixed deposit scheme.
Bank of India’s FD schemes offer interest rates ranging 3% to 7.67% with tenures starting from 7 days to 10 years.
Read More: You can secure a home loan even in your retirement years – Here’s how
The PSU bank is offering the highest interest rate of 7.67% on deposits of Rs 10 crore and above on a tenure of 1 year. On FDs worth up to Rs 2 crore of 1 year-tenure, the bank is offering an interest rate of 6.8%. The rate is 7.25% for FDs of more than Rs 2 crore but less than Rs 10 crore with a tenure of 1 year.
