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Interest Rate

Announcements

Customer attention please : On account of ongoing nationwide lockdown due to Covid-19 Pandemic,our Leicester branch is working on reduced hours from 10:00 a.m. to 2:00 p.m in line with timings of oth 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 Notice - Coronavirus (Covid-19): support for our customers

REVISION IN DEPOSIT INTEREST RATE WEF 07/08/2020 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


Interest Rate w.e.f. on 07/08/2020

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
1 year and above upt 0.75% 0.75% 1.00% 1.00% -- --
2 years and above up 0.85% 0.85% 1.10% 1.09% -- --
3 Months & above up 0.30% 0.30% 0.45% 0.45% -- --
3 years and above up 0.85% 0.84% 1.10% 1.09% -- --
4 years and above up 0.90% 0.89% 1.25% 1.23% -- --
5 years and above 0.90% 0.88% 1.25% 1.22% -- --
6 months and above u 0.50% 0.50% 0.60% 0.60% -- --
One Month to < 3 Mon 0.25% 0.25% 0.25% 0.25% -- --

  • 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.