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Bank of India
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Interest Rate
GBP Call Deposit: 0.15% p.a.
USD Call Deposit: 0.25% p.a.
Fixed Deposit Interest Rates
GBP USD EUR
PERIOD OF DEPOSIT RATE GROSS/AER* RATE GROSS/AER* RATE GROSS/AER*
One Month to < 3 Months 1.00% 0.50% 0.75%
3 Months & above up to < 6 Months 1.50% 1.00% 1.25%
6 Months & above up to < 1 Year 2.25% 1.50% 2.00%
1 Year to < 18 Months 3.35% 2.25% 2.50%
18 Months to < 24 Months 3.60% --- ---
24 Months 3.85% --- ---
Deposit in GBP for up to a period of 2 years
Minimum Deposit of GBP 1000.00 OR equivalent in other currencies for Individuals & GBP 2000.00 for Others with effect from 08.07.2010 ( % per annum)
*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.