.2 minutes read through Last Improved: Sep 27 2024|1:55 PM IST.Banking Company of India (BOI) on Friday introduced a 400-day preset down payment system as component of its own festive season offerings.Go here to connect with our company on WhatsApp.The bank is actually providing a rates of interest of 8.10 per-cent per year for the alleged extremely elderly Citizens, 7.95 per-cent for senior citizens, as well as 7.45 per cent for various other consumers under non-callable deposits (those going beyond Rs 1 crore).Under callable deposits with a choice of premature withdrawal, the banking company is offering interest rate of 7.95 percent every annum (p.a.) for extremely seniors, 7.80 per cent for seniors and 7.30 per cent for various other clients. .Key functions of the system:.Duration: 400 days.Deposit Amount: Lower Than Rs 3 crore.Schedule: All divisions and also electronic stations (BOI Omni Neo Application/ Electronic Banking).Qualified depositors: Local Indians, NRE (Non-Resident Exterior) profile, and NRO (Non-Resident Ordinary) account holders.Interest rates:.Non-callable down payments (for volumes above Rs 1 crore):.- Super seniors: 8.10 per cent p.a.- Seniors: 7.95 percent p.a.- Other clients: 7.45 per-cent p.a.Callable deposits (along with premature withdrawal option):.- Super elderly people: 7.95 per cent p.a.- Seniors: 7.80 per cent p.a.- Other consumers: 7.30 percent p.a.Customers interested in the system can easily visit their local BOI branch or use the bank's digital systems - BOI Omni Neo App or Electronic Banking - to open a dealt with deposit under this scheme.List of lately modified interest rates through BOI:
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First Posted: Sep 27 2024|1:55 PM IST.