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Interest Rate

Announcements

Revision is Remittances related service charges w.e.f 01.11.2021

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

Customer Attention Please: On account of ongoing nationwide lockdown due to Covid-19 Pandemic all our UK branches viz. London Branch,Birmingham Branch,Leicester Branch,Glassgow Branch and Wembley Br View More...

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 03:00 p.m.

REVISION IN DEPOSIT INTEREST RATE WEF 28/07/2021 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


Interest Rate w.e.f. on 28/07/2021

GBP Call Deposit: 0.05% p.a.

USD Call Deposit: 0.10% 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 0.10% 0.10% 0.10% 0.10% -- --
3 Months & above up 0.15% 0.15% 0.25% 0.25% -- --
6 months and above u 0.25% 0.25% 0.45% 0.45% -- --
1 year and above upt 0.70% 0.70% 0.55% 0.55% -- --
2 years and above up 0.80% 0.80% 0.60% 0.59% -- --
3 years and above up 0.80% 0.79% 0.60% 0.59% -- --
4 years and above up 1.00% 0.99% 0.60% 0.59% -- --
5 years and above 1.00% 0.98% 0.60% 0.59% -- --

  • 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