Interest Rate


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.


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 21/04/2021

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 0.50% 0.50% 0.55% 0.55% -- --
2 years and above up 0.60% 0.60% 0.60% 0.60% -- --
3 years and above up 0.60% 0.60% 0.60% 0.59% -- --
4 years and above up 0.60% 0.59% 0.60% 0.59% -- --
5 years and above 0.60% 0.59% 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

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.