Bank of India Fixed Deposit | BOI FD Calculator for India

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BOI FD Calculator

BOI, also known as Bank of India, is one of the largest public sector banks in India, offering a range of fixed deposit schemes to investors. BOI fixed deposit schemes are popular among investors due to their high safety, guaranteed returns, and flexible tenure options. Investors can use the BOI fixed deposit investment calculator to calculate the returns on their fixed deposit investments with BOI.

BOI Fixed Deposit Schemes

BOI offers several fixed deposit schemes to cater to the diverse needs of investors. Some of the most popular BOI fixed deposit schemes are: BOI Regular Fixed Deposit: This scheme is suitable for investors who want to invest a lump sum amount for a fixed period of time. The minimum investment amount for BOI Regular Fixed Deposit is Rs. 1,000, and the tenure options range from 7 days to 10 years. BOI Tax Saving Fixed Deposit: This scheme is ideal for investors who want to save tax while earning a guaranteed return on their investment. The minimum investment amount for BOI Tax Saving Fixed Deposit is Rs. 1,000, and the tenure is fixed at 5 years. BOI Flexi Deposit Scheme: This scheme is suitable for investors who want the flexibility of withdrawing their money from the fixed deposit account without having to break the entire deposit. The minimum investment amount for BOI Flexi Deposit Scheme is Rs. 5,000, and the tenure options range from 1 year to 5 years. BOI Annuity Deposit Scheme: This scheme is suitable for investors who want a regular income stream from their fixed deposit investment. Under this scheme, the investor makes a lump sum deposit, and the bank pays the interest earned as a monthly installment to the investor. The minimum investment amount for BOI Annuity Deposit Scheme is Rs. 25,000, and the tenure options range from 3 years to 10 years.

BOI Fixed Deposit Investment Calculator - How to Use

To use the BOI fixed deposit investment calculator, investors need to visit the BOI website and follow the below steps: Click on the 'Fixed Deposit' tab on the BOI homepage.
Select the type of fixed deposit scheme you want to invest in.
Input the deposit amount, tenure, and interest rate.
Click on the 'Calculate' button to view the maturity value and interest earned.

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Free BOI FD Calculator Conclusion:

BOI fixed deposit schemes are a safe and reliable investment option for investors who want to earn a guaranteed return on their investment. The BOI fixed deposit investment calculator is a useful tool for investors to calculate the returns on their investment and make informed investment decisions.