Bank Of India - UK
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Interest Rate w.e.f 17/10/2016

GBP Call Deposit: 0.25% p.a.

USD Call Deposit: 0.25% p.a.

Fixed Deposit Interest Rates

GBP USD EUR
PERIOD OF DEPOSITRATE GROSSAERRATE GROSSAERRATE GROSSAER
One Month to < 3 Months0.40%0.40%0.50%0.50%----
3 Months & above up to < 6 months0.50%0.50%0.70%0.70%----
6 months and above up to < 1 year0.60%0.60%1.20%1.20%----
1 year and above upto < 2 years0.70%0.70%1.50%1.50%----
2 years and above upto < 3 years1.00%1.00%2.02%2.00%----
3 years and above upto < 4 yearrs1.27%1.25%2.20%2.15%----
4 years and above upto < 5 years1.33%1.30%2.38%2.30%----
5 years1.60%1.55%2.90%2.75%----
  1. Deposit in GBP & USD for up to a period of 5 years
  2. Minimum Deposit of GBP 1000.00 OR equivalent in other currencies for Individuals & GBP 10000.00 for Others with effect from 09.03.2015(% per annum)
  3. AER – Stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. Gross is a contractual rate payable before deduction of income tax at rate specified by law.
  4. The above rates are applicable for Retail Customers for deposit upto 100000 .
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Bank of India is authorised in UK by Prudential Regulation Authority (PRA) and regulated by PRA & Financial Conduct Authority (FCA). Our financial service registration NO. is 204629 | A member of Financial Services Compensation Scheme | Government of India is major shareholder in the Bank.


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