Bank of India
|
| | | | | | | |
You are here ->Deposit ->boicurrent
Remittance from USA to India (Star e-Remit) Festive Offer: remit FREE from September 07, 2010 to November 05, 2010
Bank has been ranked 8th in TOP 50 SERVICE BRANDS in The Most Trusted Brands Survey 2010 and 2nd among all Public Sector Banks
Friday, 03-Sep-2010
Skip Navigation Links
Star Benefit CD Accounts
Normal Current Deposit Scheme
Current Deposit Plus Account
Boi Super Current Plus Account
Star Gold Current Account
Star Diamond Current Account
Star Diamond Plus Account
Online Services
  :: Mobile Banking & Payments
  :: Pay Bills
  :: Central Excise, ServiceTax
  :: Online Trading in Shares

 Current Deposits Plus Scheme *

  • A deposit product combining Current & Short deposit account with ‘ sweep-in’ and ‘sweep-out’ facility to take care of withdrawals, if any.
  • Available at all branches.
  • Facility available to Current Deposit Account of Corporates, Proprietorship, Partnership, Individuals, Schools, Colleges and other institutions (other than Banks).
  • Minimum average quarterly balance of Rs.2,00,000/- in Current Deposit Account and Rs.75,000/- in Short Deposit Account to be maintained initially.
  • Amount in excess of Rs.2,00,000/- will be transferred to the Short Deposit portion in multiples of Rs.75,000/- for a minimum period of 15 days and maximum period of 91 days (Max Deposit in TD Rs 10 Cr.)
  • To meet urgent requirement of funds in the Current Deposit Account portion, funds in multiples of Rs.75,000/- will be swept-in from Short Deposit portion on last-in first-out (LIFO) basis subject to availability of funds
  • Automatic renewal facility for original tenure and amount of deposit.
  • Interest will be payable on Short Deposit portion only as per maturity period.
  • Payment before maturity will be allowed without penalty , to meet shortfall if any, subject to availability of fund.
  • Penalty charges of Rs.500/- per quarter will be levied where the average quarterly balance in Current deposit account falls below the minimum stipulated amount.
  • TDS as applicable.
  • Sweep out from current to short deposits will only be an 1st & 16th of every month

Other Incentives
Instant transfer of funds between  one Branch to  other branch

  • No charges for remittances of fund From one branch to other branch

Free pre-printed personalised cheque books.
Identified eligible customers using continuous stationery cheques will continue to use the same with suitable modification.

  • 6 free remittance - DD / payorder - per quarter up to Rs.50,000/- per transaction.
  • Collection of crossed cheques from the door-steps of the customers maintaining an average monthly balance of Rs.5 lakh i.e. (balance in Current + Short Deposit Account).A monthly charge of Rs.250/- or the actual charges, whichever is higher will be levied.
  • Commission on upcountry cheques at locations where we have branches upto a total value of Rs.25000/- per month will be waived. However, out of pocket expenses will be charged.
  • Waiver of folio charges.
  • Free ATM cards as applicable. (Annual Charges applicable from next year
  • Free tele-banking facility wherever available.
  • Fortnightly statement of accounts will be sent through e-mail to the customers.
  • Waiver of stop payment charges.
  • Relationship Manager.

Benefits to Customers

  • Opportunity to earn higher interest on idle funds in Current Deposit Account in short deposit portion.
  • Automatic renewal facility will take away the botheration for keeping track of various maturity dates.
  • No loss of interest on account of before maturity penalties.
    For the period the Short Deposit has run the customer gets the applicable rate of interest.
  • Facility to earmark amounts for specific purpose in “BOI CURRENT DEPOSIT PLUS ACCOUNT”.
  • Opportunity to keep the funds liquid and at the same time earn attractive interest on it.
Announcement
Bank has been ranked 8th in
TOP 50 SERVICE BRANDS in The Most Trusted Brands Survey 2010 and 2nd among all Public Sector Banks
..........................................
Notice -
Another option of Pension for Bank of India exstaff
 
know more ..
..........................................
Press release for Revision
in interest rate on Domestic Rupee Term Deposits w.e.f. 12.08.2010
 
know more ..
..........................................
Presentation to
Analysts June 2010
 
know more ..
..........................................
Watch Webcast of
Analyst Meet Presentation
 
know more ..
..........................................
Financial Results
for the quarter ended June 2010
 
know more ..
..........................................
Presentation of results
for the quarter ended June 2010
 
know more ..
..........................................
Press Release
on Results for the quarter ended June 2010
 
know more ..
..........................................
Bank''s Base Rate is fixed at 8% with effect from 01.07.2010.

..........................................
Press release launching of
Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication
 
know more ..
..........................................
Presentation of Results
for the year ended March 2010
 
know more ..
..........................................

Notice for Debit and ATM cardholders
 
know more ..
..........................................

One Time Settlement Scheme for NPA of SME borrowers
 
know more ..
..........................................
Foreign Branches
 Bank's Network
 
 
   © 2008 Bank of India. All rights reserved
For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels