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 Online Services |
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 BOI FLOATING RATE DEPOSIT SCHEME
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Salient Features:
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OBJECTIVE
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To optimise returns on high value deposits by permitting the depositor to have the benefit of market-related interest rates
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MINIMUM AMOUNT OF DEPOSIT
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Rs.1 Crore and thereafter in multiples of Rs.10,000/=
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PERIOD OF DEPOSIT
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One Year (Fixed)
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INTEREST RATE ON DEPOSIT
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0.25% more than the yield rate on 91 days Treasury Bill
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RE-PRICING DATES
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Interest will be re-set effective first day of every calendar quarter i.e. 1 st of January, April, July and October
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INTEREST ACCRUAL
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At quarterly rests
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OTHER FEATURES
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For the present the deposits will be accepted only at: Mumbai (Main) -Ph.2623656,2673065 Nariman Point -Ph.2025092,2882307
Mumbai Overseas -Ph.2873820,2852852 Andheri(West) -Ph.6288339,6248178 New Delhi Overseas -Ph.3357605
Hyderabad (Main) -Ph.3202041
Ahmedabad (Main) -Ph.5354281
Chennai (Main) -Ph.5229346,5228561
Bangalore(Main) -Ph.2287649,2261567
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FOR FURTHER DETAILS KINDLY CONTACT ANY OF THE BRANCHES MENTIONED ABOVE
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