India's leading Nationalized Bank

Bank Of India
IFSC BANKING UNIT, GIFT CITY, INDIA

Relationship Beyond Banking

Service Charges:

Service Charges

Interest Rate:

With effect from May 03,2024.

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

For Corporates

**For an amount of USD 1.00 Mn and above you can reach our operations team - You can reach us

For Retail (Deposits of less than USD 0.50 Mn)

Tenure	Deposit Rates
For Deposits of Less than or Equal to 0.5 Mn**	<0.5 Mn	≤ 0.5 Mn
7 days to 30 days	4.00%	4.50%
31 days to 90 days	5.10%	5.30%
91 days to 180 days	5.15%	5.35%
181 days to 270 days	5.55%	5.75%
271 days to 365 days	5.60%	5.80%
>12 Months to ≤ 15 Months	5.60%	5.80%
>15 Months to ≤ 18 Months	5.20%	5.40%
>18 Months to ≤ 2 Years	4.80%	5.00%
>2 Years to ≤ 5 Years	3.30%	3.50%

**For an amount above than USD 0.50 Mn you can reach 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.

Please note that any client on boarding, acceptance of account opening and remittances will be subject to compliance of regulatory/bank’s norms.