Interest Rate | Bank of India

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Bank of India 'FEE FREE RUPEE' REMITTANCES to India

Remittance Amount	Rate in INR
From £100 - £999	76.5
From £1000 - £4999	76.8
From £5000 - £15000	76.9

above £15000, please contact branch for an instant Exchange Rates.

* The rates are indicative and are subject to change during the day. Minimum amount of remittance £100.00. Charges may be levied on the beneficiary by the remittance receiving bank.

Application Form for Remittance


	Deposits
	Interest Rate
	Credit Schemes
	Remittances

	Schedule of Transaction Times

	Schedule of Service Charges

Interest Rate

GBP Call Deposit: 0.25% 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	0.85%	0.85%	0.50%	0.50%	0.75%	0.75%
3 Months & above up to < 6 Months	1.35%	1.36%	1.00%	1.00%	1.25%	1.26%
6 Months & above up to < 1 Year	2.15%	2.16%	1.50%	1.51%	2.00%	2.01%
1 Year	3.00%	3.00%	2.25%	2.25%	2.50%	2.50%
2 Year	3.50%	3.44%	---	---	---	---
3 Year	3.90%	3.76%	---	---	---	---
4 Year	4.20%	3.96%	---	---	---	---
5 Year	4.60%	4.23%	---	---	---	---

	Deposit in GBP for up to a period of 5 years
	Minimum Deposit of GBP 1000.00 OR equivalent in other currencies for Individuals & GBP 2000.00 for Others with effect from 12.09.2011
	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.
	The above rates are applicable for Retail customers.

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