Bank of India revises FD rates, launches 500-day deposit
In short
Bank of India changed its fixed deposit rates from November 2, 2026. It also launched a 500-day BOI Akshay Deposit. Senior and super senior citizens can get up to 7.35%, while regular depositors can get 6.85%. The minimum investment is Rs 10,000.
This matters for savers looking for fixed returns. The report does not say how long the offer will stay open or whether more rate changes are coming.
What the reporting says
Bank of India revised its fixed deposit interest rates effective November 2, 2026, and introduced a 500-day BOI Akshay Deposit, according to the publisher summary. The summary says senior and super senior citizens can get rates up to 7.35%, while regular depositors can get 6.85%, with a minimum investment of Rs 10,000. The reporting does not say how long the new rates will last or whether other banks will respond.
Why it matters
Bank of India revised its fixed deposit rates effective November 2, 2026, and added a 500-day BOI Akshay Deposit. The publisher summary says senior and super senior citizens can receive up to 7.35%, while regular depositors can receive 6.85%, with a minimum investment of Rs 10,000. The immediate effect is potentially better savings returns, but the duration and broader market impact are not stated.