Business EconomyPosted at: May 18 2026 4:35PM


BOI hikes FD interest rates for 1–3 year deposits

New Delhi, May 18 (UNI) Bank of India (BOI), India’s leading public sector bank, has increased interest rates on medium and long-term fixed deposits of less than Rs 3 crore for tenures ranging from 1 to 3 years, effective from today, a BOI statement said here on Monday.
“The revised rates for 1-year to less than 2 years are 6.50% per annum (PA), for 2 years to less than 3 years are 6.60% per annum (PA), and for 3 years are 6.70% per annum (PA),” the statement said.
Senior and super senior citizens will get an additional interest of 0.50 percent and 0.65 percent per annum for deposits with a maturity of 6 months to less than 3 years.
For FDs of three years and above, they will get an additional 0.75 and 0.90 pc per annum over and above the applicable return on investment (ROI).
Further, non-callable deposits (above Rs 1 cr with a minimum tenure of 1 year) will earn an additional 0.15% per annum loan against the fixed deposit, and premature withdrawal options are available only on the callable deposit, the statement added.
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