bank of india term deposit interest rates

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While the core amount earns interest at the rate prevailing during the time of opening the account, surplus amount earns interest at the rate prevailing on the date of deposit.The customer can make any number of flexi instalment in a month Surplus deposit should be in multiples of the core amount.500 and in its multiples for metro and urban branches and Rs.100 for semi-urban and rural branches Customer is required to choose a minimum Core Monthly instalment amount.A flexible recurring deposit account that allows customers to deposit more than the core amount.There is no maximum limit on the monthly instalment amount.Minimum monthly instalment of Rs.100 or above for semi-urban/rural branches and Rs.500 or above for metro/urban branches.KYC norms applicable for opening this account.Available for individuals only – either solely or jointly.A simple recurring deposit account offering interest rates that of fixed deposits.Types of Bank of India Recurring Deposit Accountsīank of India Regular Recurring Deposit Account

Bank of india term deposit interest rates