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Bank of India 5 Years FD for ₹50K

Maturity: ₹69,021 at 6.5% p.a. Interest earned: ₹19,021. Senior citizen maturity: ₹70,739.

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Bank of India 5 Years FD for ₹50K — Key Details

Interest Rate (General)
6.5% p.a.
Senior Citizen Rate
7% p.a.
Min Deposit
₹1,000
Compounding
Quarterly

A ₹50K Fixed Deposit in Bank of India for 5 Years at 6.5% p.a. (quarterly compounding) will mature to ₹69,021. You earn ₹19,021 as interest, giving a total return of 38.0% on your investment.

Frequently Asked Questions

What is the maturity amount for ₹50K FD in Bank of India for 5 Years?

At 6.5% p.a. (quarterly compounding), ₹50K FD in Bank of India for 5 Years matures to ₹69,021. Interest earned: ₹19,021. Senior citizen maturity: ₹70,739 at 7%.

What is Bank of India 5 Years FD rate for ₹50K?

Bank of India offers 6.5% p.a. for general citizens and 7% p.a. for senior citizens on 5 Years Fixed Deposit. The rate applies regardless of the deposit amount.

How much interest will I earn on ₹50K FD at Bank of India?

For ₹50K at 6.5% for 5 Years, you would earn approximately ₹19,021 as interest, making total maturity ₹69,021. Senior citizens earn ₹20,739 at 7%.

Can I break my Bank of India FD of ₹50K early?

Yes, premature withdrawal is allowed. Bank of India's policy: 0.50% penalty on applicable rate. You will receive a reduced interest rate on early withdrawal.

Is ₹50K FD at Bank of India better than other banks?

Compare with other banks on this page to find the best rates. Bank FDs offer DICGC insurance up to \u20B95 Lakh. Consider both rate and safety.

₹50K 5 Years FD from Other Banks

SBI 5 Years FD for ₹50K6.5% p.a.HDFC Bank 5 Years FD for ₹50K7% p.a.ICICI Bank 5 Years FD for ₹50K6.9% p.a.Axis Bank 5 Years FD for ₹50K7% p.a.Kotak Mahindra Bank 5 Years FD for ₹50K6.5% p.a.Bank of Baroda 5 Years FD for ₹50K6.5% p.a.PNB 5 Years FD for ₹50K6.5% p.a.Canara Bank 5 Years FD for ₹50K6.7% p.a.Union Bank 5 Years FD for ₹50K6.5% p.a.Indian Bank 5 Years FD for ₹50K6.5% p.a.

Other Bank of India 5 Years FD Amounts

Bank of India 5 Years FD for ₹25KBank of India 5 Years FD for ₹1 LakhBank of India 5 Years FD for ₹2 LakhBank of India 5 Years FD for ₹5 LakhBank of India 5 Years FD for ₹10 LakhBank of India 5 Years FD for ₹25 LakhBank of India 5 Years FD for ₹50 LakhBank of India 5 Years FD for ₹1 Crore