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BOI Quarterly Deposit
The Accounts May Be Opened In The Names Of :
- Individual — Single Accounts
- Two or more individuals — Joint Accounts
- Sole Proprietory Concerns
- Partnership Firms
- Illiterate Persons
- Blind Persons
- Minors
- Limited Companies
- Associations, Clubs, Societies, etc.
- Trusts
- Joint Hindu Families (accounts of non-trading nature only)
- Municipalities
- Government and Quasi-Government Bodies
- Panchayats
- Religious Institutions
- Educational Institutions (including Universities)
- Charitable Institutions
BOI Quarterly Deposit
Minimum amount that may be accepted for the scheme shall be Rs.10,000/-in Metro and Urban Branches and Rs.5000/- at Rural and Semi urban Branches for senior citizens the minimum amount will be Rs 5000/-
Minimum Amount criteria will not be applicable to Subsidy kept under GOVT Sponsored Schemes, Margin Money, earnest money and court attached/ordered deposits
BOI Quarterly Deposit
- Payment of Interest ( Monthly/Quaterly ) Subject to applicable TDS Depositor may receive interest every month at monthly discounted value.
- A depositor may receive interest every quarter at actuals in which case the deposits will, for all practical purposes, be treated as deposits under the Bank's Fixed Deposit Scheme with an endorsement to the effect that the interest will be paid every quarter.
- Maximum period for acceptance of deposit would be ten years.
This is a preliminary calculation and is not the final offer
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