Bank of India FD interest rates for 1, 2, 3 and 5 years
Last checked 3 November 2026. Rate card from 2 November 2026. Deposits below ₹3 crore.
Bank of India pays its best rate among these terms on 2 years: 6.70%, or 7.20% for senior citizens. That ranks 15th of 33 banks we track for 2 years. On a 2-year deposit it pays more than SBI (6.40%).
Bank of India FD rates by term
| Term | Rate | Senior rate | ₹5 lakh becomes | Rank |
|---|---|---|---|---|
| 1 year Slab: 1 year | 6.60% | 7.10% | ₹5,33,826 | 10th of 33 |
| 2 years Slab: 2 years to less than 3 years | 6.70% | 7.20% | ₹5,71,062 | 15th of 33 |
| 3 years Slab: 3 years | 6.70% | 7.45% | ₹6,10,296 | 13th of 33 |
| 5 years Slab: 5 years to less than 8 years | 6.00% | 6.75% | ₹6,73,428 | 24th of 33 |
Interest compounds every quarter and is paid at maturity, before tax. Source: Bank of India deposit rates. Each rate is the slab that contains that exact term.
How Bank of India compares
- 1 year: the highest rate we track is Ujjivan Small Finance Bank at 7.25%, 0.65 percentage points more. On ₹5 lakh that is ₹3,422 extra.
- 2 years: the highest rate we track is ESAF Small Finance Bank at 7.75%, 1.05 percentage points more. On ₹5 lakh that is ₹11,902 extra.
- 3 years: the highest rate we track is Jana Small Finance Bank at 8.00%, 1.30 percentage points more. On ₹5 lakh that is ₹23,825 extra.
- 5 years: the highest rate we track is Jana Small Finance Bank at 7.77%, 1.77 percentage points more. On ₹5 lakh that is ₹61,214 extra.
Similar banks: State Bank of India (6.40% for 2 years), Indian Overseas Bank (6.40% for 2 years), Punjab National Bank (6.30% for 2 years), Bank of Baroda (6.25% for 2 years).
Amounts at Bank of India
- ₹1 lakh for 2 years at 6.70% becomes ₹1,14,212.
- ₹10 lakh for 2 years at 6.70% becomes ₹11,42,125.
Questions people ask
What is the Bank of India FD rate for 1 year?
Bank of India pays 6.60% a year on a 1-year deposit below ₹3 crore (7.10% for senior citizens). ₹5 lakh grows to ₹5,33,826. The slab is "1 year".
What is the Bank of India FD rate for 2 years?
Bank of India pays 6.70% a year on a 2-year deposit below ₹3 crore (7.20% for senior citizens). ₹5 lakh grows to ₹5,71,062. The slab is "2 years to less than 3 years".
What is the Bank of India FD rate for 3 years?
Bank of India pays 6.70% a year on a 3-year deposit below ₹3 crore (7.45% for senior citizens). ₹5 lakh grows to ₹6,10,296. The slab is "3 years".
What is the Bank of India FD rate for 5 years?
Bank of India pays 6.00% a year on a 5-year deposit below ₹3 crore (6.75% for senior citizens). ₹5 lakh grows to ₹6,73,428. The slab is "5 years to less than 8 years".
Is money in a Bank of India FD safe?
Bank of India is a public sector bank. DICGC insures deposits up to ₹5 lakh per depositor per bank, principal and interest together.
More FD rate pages
1-year FD rates · 2-year FD rates · 3-year FD rates · 5-year FD rates · Senior citizen FD rates · Tax-saver FD rates · All FD rate pages · Post office FD rates · SCSS interest rate