BOI Recurring Term Deposit - Star Recurring Term Deposit

The BOI Star Recurring Term Deposit is a special savings account designed to help you save consistently and earn interest on your deposits. It's ideal for individuals, particularly those with a fixed income, who are willing to build a corpus over time.

Guaranteed Returns

Includes Life Cover

Completely Tax Free+

3 Benefits, 1 Plan

Maximum returns offered by:

6.9%^* (Tax-Free)

Guaranteed Plan

(By Insurance companies)

4.6%^* (After Tax)

Fixed Deposit

(Offered by Banks)

4.0%^*

Savings Account

(Post Office)

Get Guaranteed returns upto 6.9%*

Fully Tax-Free, Life Cover Included

+91

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BOI FD Interest Rates 2025

FD Interest Rates for Deposits of Rs.10 Cr & Above

Maturity Buckets	10 Crore And Above But Less Than 50 Crore (%)	50 Crore And Above (%)
7 days to 14 days	6.25	6.25
15 days to 30 days	6.25	6.25
31 days to 45 days	6.35	6.35
46 days to 90 days	6.50	6.50
91 days to 120 days	6.75	6.75
121 days to 174 days	7.40	7.40
175 days	7.40	7.40
176 days to 179 days	7.40	7.40
180 days to 269 days	7.40	7.40
270 days to less than 1 Year	7.40	7.40
1 Year	7.50	7.50
Above 1 Year but less than 2 Years	7.15	7.15
2 Years and above but less than 3 Years	4.50	4.50
3 Years and above to less than 5 Years	4.50	4.50
5 Years and above to less than 8 Years	4.50	4.50
8 Years and above to 10 Years	4.50	4.50

Annualized Rates

Below are the annualised rates for:

For deposits less than Rs.2 Cr
For deposits of Rs.2 Cr & above but less than Rs.10 Cr

Maturity	Rate Of Interest % (P.A.) For Deposits Less Than Rs.2 Cr	Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Deposits Less Than Rs.2 Cr	Rate Of Interest % (P.A.) For Deposits Of Rs.2 Cr & Above But Less Than Rs.10 Cr	Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Deposits Of Rs.2 Cr & Above But Less Than Rs.10 Cr
180 days to 210 days	5.50	5.54	6.25	6.30
211 days to 269 days	5.50	5.54	6.50	6.61
270 days to less than 1 Year	5.75	5.83	6.50	6.61
1 Year	6.80	6.98	7.25	7.45
Above 1 Year to less than 2 Years	6.80	6.98	6.75	6.92
2 Years	7.25	7.73	6.50	6.88
Above 2 Years to less than 3 Years	6.75	7.16	6.50	6.88
3 Years to less than 5 Years	6.50	7.11	6.00	6.52
5 Years to less than 8 Years	6.00	6.94	6.00	6.94
8 Years & above to 10 Years	6.00	7.63	6.00	7.63

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Rate For Senior Citizen Deposits Less Than Rs. 2 Cr.

Maturity	For Deposits Of Less Than Rs. 2 Cr. For Senior Citizens (%)	For Deposits Of Less Than Rs. 2 Cr. For Super Senior Citizens (%)
07 days to 14 days	3.00	3.00
15 days to 30 days	3.00	3.00
31 days to 45 days	3.00	3.00
46 days to 90 days	4.50	4.50
91 days to 179 days	4.50	4.50
180 days to 210 days	6.00	6.15
211 days to 269 days	6.00	6.15
270 days to less than 1 Year	6.25	6.40
1 Year	7.30	7.45
Above 1 Year to less than 2 Years	7.30	7.45
2 Years	7.75	7.90
Above 2 Years to less than 3 Years	7.25	7.40
3 Years to less than 5 Years	7.25	7.40
5 Years to less than 8 Years	6.75	6.90
8 Years & above to 10 Years	6.75	6.90

Annualised Rate For Senior Citizen Deposits for Less Than Rs. 2 Cr.

Maturity	Rate Of Interest % (P.A.) For Senior Citizens	*Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Senior Citizens**	Rate Of Interest % (P.A.) For Super Senior Citizens	*Annualized Rate Of Return At Minimum Of The Maturity Bucket % For Super Senior Citizens**
180 days to 210 days	6.00	6.04	6.15	6.20
211 days to 269 days	6.00	6.04	6.15	6.20
270 days to less than 1 Year	6.25	6.35	6.40	6.50
1 Year	7.30	7.43	7.45	7.59
Above 1 Year to less than 2 Years	7.30	7.50	7.45	7.66
2 Years	7.75	8.30	7.90	8.47
Above 2 Years to less than 3 Years	7.25	7.73	7.40	7.90
3 Years to less than 5 Years	7.25	8.02	7.40	8.20
5 Years to less than 8 Years	6.75	7.95	6.90	8.16
8 Years & above to 10 Years	6.75	8.85	6.90	9.11

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Features of BOI Recurring Term Deposit - Star Recurring Term Deposit

Regular Savings: Deposit a fixed amount every month, encouraging consistent saving habits.

Compound Interest: Earn interest on your deposits, compounded quarterly, for better returns.

Flexible Tenure: Choose a deposit period in multiples of three months, up to a maximum of ten years. The longer the tenure, the potentially higher the interest rate (subject to the bank's rules).

Know Your Customer (KYC) Compliance: As with other bank accounts, KYC documents like proof of identity and residence are required.

FD interest rates India have fallen consistently over the last 12 years.

Invest in Plans that offer Guaranteed Returns for over 25 Years

Who Can Open An Account Under BOI Recurring Term Deposit - Star Recurring Term Deposit

Individuals: Single or joint accounts are allowed.
Minors: Accounts can be opened in a minor's name.
Others: Accounts can also be opened for illiterate or visually impaired individuals.

Opening and Late Payment Fees for BOI Recurring Term Deposit - Star Recurring Term Deposit

Deposit Periods: The deposit period must be a multiple of three months.

Minimum Installment: The minimum monthly deposit depends on the branch location:

Rs. 500/- for Metro and Urban branches.
Rs. 100/- or more for Semi-urban/Rural branches.
There is no maximum limit for deposits.

Late Payment Penalty: A penalty will be charged on late instalments:

Rs. 1.50 per Rs. 100/- per month for deposits up to 5 years.
Rs. 2.00 per Rs. 100/- per month for deposits over 5 years.
The bank may waive the penalty if an equal number of installments are deposited in advance.

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TDS on BOI Recurring Term Deposit - Star Recurring Term Deposit

As per the Finance Act 2015 amendments, TDS (Tax Deducted at Source) will be applicable to interest earned from recurring deposits.

Rupee Term Deposit Rate - Additional Rate

Type Of Accounts	Additional Staff Rate Applicable To Staff/Ex-Staff	Additional Senior Citizen Rate Applicable To Senior Citizen/Ex-Staff Senior Citizen
HUF	Not Applicable	Not Applicable
Capital Gain Scheme	Not Applicable	Not Applicable
NRE/NRO Deposits	Not Applicable	Not Applicable

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Rupee Term Deposit Rate - Penalty Details

Category Of The Deposits	Penalty On Premature Withdrawal Of The Deposit
Deposits less than Rs. 5 Lacs withdrawn on or after completion of 12 months	NIL
Deposits less than Rs. 5 Lacs withdrawn prematurely before completion of 12 months	0.50%
Deposits of Rs. 5 Lacs & above withdrawn prematurely	1.00%

Early Closure:

No penalty if the deposit is prematurely closed for renewal for a longer term than the remaining original term.
No penalty for withdrawal due to the depositor's death.
No penalty for withdrawal by bank staff, ex-staff, senior staff/ex-staff, or spouse of deceased staff (if first account holder).
Penalty applies for premature closure of Capital Gain Account Scheme deposits.