Business

Bank of India launches 400-day repaired down payment program for festive period Personal Financing

.2 minutes checked out Final Updated: Sep 27 2024|1:55 PM IST.Banking Company of India (BOI) on Friday introduced a 400-day preset down payment plan as part of its own cheery season offerings.Go here to connect with our team on WhatsApp.The banking company is supplying an interest rate of 8.10 per-cent per annum for the supposed tremendously elderly Folks, 7.95 per cent for seniors, as well as 7.45 per cent for other customers under non-callable down payments (those exceeding Rs 1 crore).Under callable consign a choice of early withdrawal, the financial institution is delivering rate of interest of 7.95 percent per year (p.a.) for tremendously senior citizens, 7.80 per cent for elderly people as well as 7.30 percent for other consumers. .Key components of the system:.Length: 400 times.Down Payment Quantity: Less than Rs 3 crore.Availability: All divisions as well as digital networks (BOI Omni Neo App/ Internet Banking).Eligible depositors: Homeowner Indians, NRE (Non-Resident External) profile, and also NRO (Non-Resident Normal) account owners.Rates of interest:.Non-callable deposits (for volumes greater than Rs 1 crore):.- Super elderly people: 8.10 per cent p.a.- Elderly people: 7.95 percent p.a.- Various other clients: 7.45 per-cent p.a.Callable down payments (with untimely drawback option):.- Super senior citizens: 7.95 per cent p.a.- Elderly people: 7.80 per-cent p.a.- Other customers: 7.30 per-cent p.a.Consumers interested in the system can easily see their nearby BOI branch or use the bank's electronic systems - BOI Omni Neo Application or even Electronic Banking - to open up a fixed deposit under this scheme.List of just recently changed rates of interest by BOI:
.
First Released: Sep 27 2024|1:55 PM IST.