• Bank Of India Fixed Deposit Rates Today
• Bank Of India Fixed Deposit Rates 2016
• Icici Bank Fd Interest Rates

Bank Of India Fixed Deposit Interest Rate Calculator calculates the interest earned on a fixed deposit with the help of outlined components:

As the name implies, this is a tax-saving fixed deposit scheme offered by the Bank of India that offers income tax benefits for the account holders under Section 80C of the Income Tax Act, 1961 and the limit can go up to Rs. 1.5 lakh per financial year The tenure ranges from 5 years to 10 years The minimum deposit amount needed is Rs. Remarkable features of Central Bank of India Fixed Deposit. Central Bank Fixed Deposit holders can avail the following the benefits: A wide range of tenure from 7 days to 10 years available; The minimum deposit amount to open a Central Bank of India FD is only INR 100. Feb 22, 2021 A fixed deposit (FD) is a low-risk investment option investing in which one can grow their savings and earn significant returns. However, when choosing the right bank or financial institution to deposit your money with, you should thoroughly check and compare fixed deposit interest rates provided. Features of Fixed Deposit in Bank of India The interest rates on the fixed deposits in Bank of India range from 5.25% - 6.70%. The term of the deposit ranges from as less as 7 days to more than 10.

(1) Deposit Amount

It is an amount which an FD account holder wants to invest in the fixed deposit. It is also called principal. It is to be remembered that this amount can be deposited only once hence you have to decide the amount to be invested according to your investment objectives.

(2) Interest Rate

It is the rate of interest offered by the bank where you open the FD. It differs for different tenures. Once FD is opened for a specific tenure then the interest rate will remain the same for the whole tenure.

Bank Of India Fixed Deposit Rates Today

(3) Term of Deposit (FD Tenure)

It is the duration for which the amount is invested in an FD which may vary from 7 days to 10 years. In the calculator, you can select the tenure in days, months or year.

Bank Of India Fixed Deposit Rates 2016

(4) Compounding of Interest

Icici Bank Fd Interest Rates

Interest can be compounded on monthly, quarterly, half yearly or annual basis. It can be a simple interest as well. You need to enter it based on the offer by the bank.