Bank of India hikes Rates on its Medium & Long Term Fixed Deposit

Mumbai, May 18, 2026: Bank of India, one of the leading public sector banks in India, has increased interest rates on medium and long-term Fixed Deposits of less than ₹ 3 Cr for tenures ranging from 1 to 3 years, effective from 18th May, 2026.

The revised rates for 1-year to less than 2 years is 6.50% p.a., for 2 years to less than 3 years @6.60% p.a., and for 3-year @6.70% p.a.

Senior Citizens and Super Senior Citizens will get an additional interest 0.50% and 0.65% p.a. for deposits with a maturity of 6 months to less than 3 years.

For FDs of 3 years and above, Senior Citizens and Super Senior Citizens will get an additional 0.75% p.a. and 0.90% p.a. over and above the applicable ROI.

 Further, non-callable deposits (above ₹ 1 Cr with minimum tenure of 1 year) will earn an additional 0.15% p.a. Loan against Fixed Deposit and Premature Withdrawal options are available only on callable deposits.

Customers can open Fixed Deposits at any Bank of India branch or through the BOI Omni Neo App/internet banking.