India's leading Nationalized Bank

Bank Of India
IFSC BANKING UNIT, GIFT CITY, INDIA

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Service Charges:

Service Charges

Interest Rate:

With effect from 26 November, 2024

Fixed Deposit Rate Chart for Retail & Corporate Deposits (USD):

For Corporates

Tenure	USD	EUR	GBP	JPY
7 days to 30 days	4.55%	2.50%	4.25%	0.00%
31 days to 90 days	4.75%	3.00%	4.70%	0.10%
91 days to 180 days	4.80%	2.75%	4.50%	0.20%
181 days to 270 days	4.90%	2.75%	4.25%	0.30%
271 days to 366 days	4.95%	2.75%	4.00%	0.40%
>12 Months to ≤ 24 Months	4.25%	2.00%	3.25%	0.50%
>24 Months to ≤ 36 Months	4.00%	2.00%	2.25%	0.45%
>36 Months to ≤ 5 Years	3.75%	2.00%	3.25%	0.40%

For Retail

Tenure	Deposit Rates
	Retail - Deposit Amount below USD 0.500 Mn@	Retail - Deposit Amount equal to & above USD 0.500 Mn@
7 days to 30 days	3.60%	3.70%
31 days to 90 days	4.60%	4.70%
91 days to 180 days	4.70%	4.80%
181 days to 270 days	4.80%	4.90%
271 days to 366 days	4.75%	4.85%
>12 Months to ≤ 24 Months	3.90%	4.00%
>24 Months to ≤ 36 Months	3.40%	3.70%
>36 Months to ≤ 5 Years	2.90%	3.40%
@Minimum Term Deposit amount USD 5000.00

**For Bulk Deposit (Corporate & Retail), you can reach out our Operations Team - You can reach us

Premature withdrawal process & penalty would be as follows:

Premature Penalty: Interest will be paid at a rate 25 bps lower than the rate on the start date of deposit, for the tenor for which the deposit has remained with the Bank.
No interest would be paid if the deposit has remained for less than a week.
Notice period for withdrawal of deposits USD 5 Mn and above require notice of at least 5 working days.

Saving Deposit Interest Rates --