New Delhi: If you like to invest in Fixed Deposit (FD) then this news is of your use. Bank of India (BoI) has started a new FD scheme. The name of this scheme is Star Dhan Vriddhi.
In this scheme, investors are being given attractive interest. On the other hand, the bank has changed the interest rates of all its FDs. This change has also been implemented. After this change, the bank will give an interest rate of 3 to 7.25 percent on FDs up to Rs 3 crore. However, the interest rate given to senior citizens will be slightly higher.
What is the new scheme?
The highest interest is being offered on the Star Dhan Vriddhi Scheme of Bank of India. This scheme is for 333 days. In this, general investors will be given an interest rate of 7.25 percent. On the other hand, the interest rate given to senior citizens and super senior citizens will be slightly higher. On investment in this scheme, senior citizens will get 7.75 percent interest and super senior citizens will get 7.90 percent interest.
The new interest rates are as follows
The bank has also changed the interest rate on all its other FDs (7 days to 10 years). This change has been made on FDs up to Rs 3 crore. Under this, general investors will now get interest between 3 to 7.25 percent per annum. These interest rates are as follows:
- 7 days to 1 year: 3 to 6.80 percent
- 1 year to 2 years: 6.80 percent
- 2 to 3 years: 6.75 percent
- 3 to 5 years: 6.50 percent
- 5 to 10 years: 6 percent
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Higher interest to senior citizens
The bank is giving more interest to senior citizens than to general investors. It is as follows:
- 7 days to 1 year: 3 to 6.5 percent
- 1 year to 2 years: 7.30 percent
- 2 to 3 years: 7.25 percent
- 3 to 5 years: 7.25 percent
- 5 to 10 years: 6.75 percent
Super senior citizens will get this much interest
The bank is offering the highest interest on some FDs to super senior citizens. It is as follows:
- 7 days to 1 year: 3 to 6.65 percent
- 1 year to 2 years: 7.45 percent
- 2 to 3 years: 7.45 to 7.40 percent
- 3 to 5 years: 7.40 percent
- 5 to 10 years: 6.9 percent
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