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Call Deposit Accounts

Announcements

Coronavirus (Covid-19) Notice 2 : Please read our Coronavirus (Covid-19) Notice 2 for latest updates

Customer attention please: Change in Branch Timings: In view of the UK Govt. instructions on travel restrictions, timings of Bank of India UK Branches will be changed to 10:00 a.m. to 02:00 p.m. w.e. View More...

Customer Notice - Coronavirus (Covid-19): support for our customers

REVISION IN DEPOSIT INTEREST RATE WEF 22/05/2020 View More...

Customer attention please: No Transaction Payments allowed w.e.f. 01/02/2019. Only viewing facility is available for all the Internet Banking Customers View More...

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 Fin View More...

No postal applications will be accepted for new Retail Deposits with effect from 02-08-2016, till further notice. View More...

Exchange Rates

Call Deposit Accounts

Eligibility

Call deposit account/s can be opened by an individual, body corporate, partnership firms, trusts, associations and any other body/associate which we may consider appropriate for opening the account.

Cheque book

No cheque book will be issued in call deposit account/s. Withdrawals from the account can be made in person at our counters or through originally signed instructions sent to us.

Interest

Interest is payable on credit balances in the account at our Call Deposit Rate. Changes to our Call Deposit Rate will be posted on our website from time to time. Interest on the credit balances will be calculated and paid on half yearly basis on daily clear balances. Overdrafts are not permitted in Call Deposit accounts.

Withdrawal Notice

Withdrawal notice of one working day would be required before the transaction is effected.

Uncleared cheques

Withdrawals from the account against uncleared cheques will attract interest even though your statement may show that your account has remained in credit. The rate of interest is currently 7% over the Bank of England’s Base Rate/Reference Rate.

Transactions

The General Terms and Conditions set out the permitted transactions on the account. Statement of accounts will be sent to you at quarterly intervals, unless otherwise instructed.

Cancellation

The provisions in the General Terms and Conditions in relation to cancellation apply to Call Deposit Accounts.

Coronavirus (Covid-19): support for our customers

We are closely monitoring the coronavirus (Covid-19) situation in U.K. and taking sensible precautions to make sure our customers are not inconvenienced while dealing with our Bank of India, U.K. branches.

Read our advice below on the steps you can take to stay aware of any possible impact on your finances.