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Interest Rate

Announcements

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

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...

Exchange Rates


Interest Rate w.e.f. on 28/08/2019

GBP Call Deposit: 0.25% p.a.

USD Call Deposit: 0.25% p.a.

Fixed Deposit Interest Rates

Period GBP Rate Gross GBP AER USD Rate Gross USD AER EUR Rate Gross EURAER
One Month to < 3 Mon 0.40% 0.40% 1.50% 1.51% -- --
3 Months & above up 0.75% 0.75% 1.50% 1.51% -- --
6 months and above u 0.75% 0.75% 1.75% 1.76% -- --
1 year and above upt 1.15% 1.15% 2.25% 2.25% -- --
2 years and above up 1.20% 1.19% 2.50% 2.47% -- --
3 years and above up 1.20% 1.19% 2.50% 2.44% -- --
4 years and above up 1.20% 1.18% 2.40% 2.32% -- --
5 years and above 1.20% 1.17% 2.40% 2.29% -- --

  • Deposit in GBP & USD for up to a period of 5 years
  • 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)
  • 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 for deposit upto 100000