.2 min read through Final Updated: Sep 27 2024|1:55 PM IST.Banking Company of India (BOI) on Friday launched a 400-day preset down payment system as part of its own cheery time offerings.Click on this link to associate with our team on WhatsApp.The banking company is giving an interest rate of 8.10 per cent per annum for the alleged extremely senior People, 7.95 per-cent for elderly people, as well as 7.45 per cent for other clients under non-callable down payments (those exceeding Rs 1 crore).Under callable consign a choice of early withdrawal, the financial institution is actually giving interest rate of 7.95 per cent per year (p.a.) for incredibly senior citizens, 7.80 per-cent for senior citizens and 7.30 per cent for various other clients. .Secret functions of the plan:.Length: 400 days.Deposit Quantity: Lower Than Rs 3 crore.Accessibility: All divisions as well as digital channels (BOI Omni Neo Application/ Internet Banking).Entitled depositors: Individual Indians, NRE (Non-Resident Exterior) profile, and NRO (Non-Resident Regular) account holders.Rate of interest:.Non-callable down payments (for amounts more than Rs 1 crore):.- Super elderly people: 8.10 per-cent p.a.- Elderly people: 7.95 percent p.a.- Various other consumers: 7.45 percent p.a.Callable down payments (with premature withdrawal option):.- Super senior citizens: 7.95 per-cent p.a.- Elderly people: 7.80 percent p.a.- Other clients: 7.30 percent p.a.Customers curious about the system can explore their local BOI branch or even use the bank’s electronic systems – BOI Omni Neo Application or Internet Banking – to open a fixed down payment under this scheme.List of just recently modified rate of interest by BOI:
. First Posted: Sep 27 2024|1:55 PM IST.