Calculators · Savings & Fixed Income
Bank of India FD calculator
Use this free Bank of India FD calculator to work out the maturity amount and interest on a Bank of India fixed deposit. Bank of India's official FD interest rates and senior citizen rates are preloaded, with monthly interest, premature withdrawal rules and post-tax returns.
What your FD actually earns
Five calculation modes on one engine — cumulative growth, monthly payout, goal sizing, laddering and loan-against-FD. Every mode shows the post-tax and inflation-adjusted figure beside the headline number, because the headline rate is rarely the one you keep.
Worth is independent and is not affiliated with, or endorsed by, Bank of India. Rates are taken from Bank of India's official rate card (Not shown on the bank's page), checked on 14 October 2026.
The method
How to calculate Bank of India FD interest
Bank of India compounds interest on cumulative fixed deposits quarterly. Pick a tenure in the Bank of India FD calculator and it applies that tenure's rate, then shows the maturity amount, total interest and what you keep after tax and inflation.
Bank of India FD interest rates (effective Not shown on the bank's page)
| Tenure | General | Senior citizen | Super senior (80+) |
|---|---|---|---|
| 7 to 45 days | 3.00% | 3.00% | 3.00% |
| 46 to 90 days | 4.50% | 4.50% | 4.50% |
| 91 to 179 days | 4.25% | 4.25% | 4.25% |
| 180 days to under 1 year | 5.50% | 6.00% | 6.15% |
| 1 year | 6.25% | 6.75% | 6.90% |
| Over 1 year to under 2 years (except 450 days) | 6.30% | 6.80% | 6.95% |
| 450 days (Star Swarnim) | 6.60% | 7.10% | 7.25% |
| 2 years to under 3 years | 6.30% | 6.80% | 6.95% |
| 3 years to under 5 years | 6.25% | 7.00% | 7.15% |
| 5 years to 10 years | 6.00% | 6.75% | 6.90% |
Bank of India's rate page does not show an effective date for this table, so confirm the rate at the branch or on your deposit advice before investing.
Bank of India is a public sector bank, majority-owned by the Government of India. Its deposits are covered by DICGC insurance up to ₹5 lakh per depositor, principal and interest combined. Banks revise rates without notice, so confirm the rate on your deposit advice and enter it in the calculator.
Worked example: Bank of India FD, 3 years, 30% slab
- Deposit
- ₹5,00,000
- Bank of India 3-year rate
- 6.25%, compounded quarterly
- Period
- 3 years
- Interest earned
- ₹1,02,241
- Maturity amount
- ₹6,02,241
- Tax on interest (30%, new regime)
- ₹30,672
- Post-tax maturity
- ₹5,71,569
These are the calculator's default inputs on this page, so you can check every figure in the tool.
Key facts
Bank of India FD rules: premature withdrawal and senior citizen rates
Only terms confirmed on the lender's own website are listed. Check your deposit advice for the terms that apply to you.
| Senior citizen rate | 0.50% above the general rate from 6 months to under 3 years; 0.75% above from 3 to 10 years. The senior citizen must be the first holder |
| Super senior citizen rate | 0.65% above the general rate from 6 months to under 3 years; 0.90% above from 3 to 10 years (age 80 and above) |
| Premature withdrawal penalty | Under ₹5 lakh: nil after 12 months, 0.50% before 12 months. ₹5 lakh or more: 1.00% (deposits from 1 April 2016) |
| Rate on early closure | The lower of the rate for the period actually held or the contracted rate, less any penalty |
| Deposits closed within 7 days | No interest is paid |
Source: Bank of India rupee term deposit rates. Effective: Not shown on the bank's page. Checked by Worth on 14 October 2026. Rates are for deposits below ₹3 crore and can change without notice.
Breaking a Bank of India FD early: worked example
- Deposit
- ₹5,00,000
- Booked
- 3 years at 6.25%
- Closed after
- 18 months
- Base rate
- 6.25%
- Penalty
- 1.00%
- Rate applied
- 5.25%
- Interest received
- ₹40,690
- Without the penalty
- ₹48,745
- Cost of the penalty
- ₹8,055
Base rate: lower of the 18-month rate, 6.30%, and the contracted rate, 6.25%. Assumes Bank of India's current card rates and quarterly compounding, before tax. The bank pays the lower of the rate for the period run and the contracted rate, minus the penalty.
The essentials
Bank of India FD returns: monthly interest, senior citizen rates and comparison
Monthly interest on a Bank of India FD
With a monthly payout Bank of India FD at the 1-year rate of 6.25%, interest is about ₹521 a month on ₹1 lakh, ₹2,604 on ₹5 lakh and ₹5,208 on ₹10 lakh, before tax. Banks usually pay monthly interest at a slightly discounted rate, so treat these as close estimates. Switch the calculator to Monthly income mode to see the post-tax figure. Payout deposits earn less in total than cumulative ones, because the interest is paid out instead of compounding.
Bank of India FD for senior citizens
0.50% above the general rate from 6 months to under 3 years; 0.75% above from 3 to 10 years. The senior citizen must be the first holder. Tick "Senior citizen" in the calculator and it loads the senior rate for the tenure you pick. For example, ₹10 lakh for 5 years at 6.75% grows to about ₹13.97 lakh. Senior citizens under the old tax regime can also claim the 80TTB deduction on up to ₹50,000 of interest a year, and can submit Form 15H to avoid TDS if their total income is below the taxable limit.
How Bank of India FD rates compare, and doubling time
At one year, Bank of India's 6.25% ranks 7th of the 15 lenders in this calculator (level with 6 others); the highest is 7.50% from Unity Small Finance Bank. At five years, Bank of India's 6.00% ranks 13th of the 15 lenders in this calculator (level with 2 others); the highest is 7.77% from Jana Small Finance Bank. At the 5-year rate of 6.00%, a deposit doubles in about 11.6 years. Rate cards are revised on different dates, so compare like with like in the table below or in the main FD calculator.
Rate comparison
How Bank of India FD rates compare with other banks
1, 3 and 5-year general rates from each lender's official rate card, checked on 14 October 2026. Rate cards change on different dates, so the last column shows each one's effective date. The highlighted row is this page's lender.
| Lender | 1 year | 3 years | 5 years | Rate card |
|---|---|---|---|---|
| State Bank of India | 6.25% | 6.30% | 6.05% | 15 Dec 2025 |
| HDFC Bank | 6.25% | 6.45% | 6.40% | 19 Aug 2026 |
| ICICI Bank | 6.25% | 6.45% | 6.50% | 14 Oct 2026 |
| Axis Bank | 6.25% | 6.50% | 6.50% | 30 Sep 2026 |
| Kotak Mahindra Bank | 6.50% | 6.40% | 6.25% | 15 Apr 2026 |
| Punjab National Bank | 6.25% | 6.30% | 6.35% | 1 Jun 2026 |
| Bank of India | 6.25% | 6.25% | 6.00% | No date shown |
| Canara Bank | 6.25% | 6.25% | 6.25% | 17 Mar 2026 |
| Union Bank of India | 6.20% | 6.10% | 6.00% | 4 Aug 2026 |
| Central Bank of India | 6.10% | 6.00% | 6.00% | 10 Aug 2026 |
| Post Office Time Deposit | 6.90% | 7.10% | 7.50% | Oct–Dec 2026 |
| Jana Small Finance Bank | 7.00% | 8.00% | 7.77% | 29 Sep 2026 |
| Equitas Small Finance Bank | 7.00% | 7.00% | 7.00% | 3 Nov 2025 |
| AU Small Finance Bank | 6.35% | 7.40% | 6.75% | 1 Sep 2026 |
| Unity Small Finance Bank | 7.50% | 6.75% | 6.75% | 15 Jul 2026 |
Common questions
Bank of India FD Calculator: frequently asked questions
How do I calculate interest on a Bank of India FD?
What are the current Bank of India FD interest rates?
What is the penalty for breaking a Bank of India FD early?
How much monthly interest will I get on ₹1 lakh in Bank of India?
In how many years will a Bank of India FD double?
Is a Bank of India FD safe?
Is Bank of India FD interest taxable?
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