Bank of India FD Interest Calculator: How Much You Can Earn on Rs 2 Lakh Investment? Check Returns & Duration

Many people are looking for safe and reliable ways to grow their savings and plan for the future. Fixed deposits remain a preferred option as they offer guaranteed returns and financial security. Among these, Bank of India's FDs have become popular, especially for senior citizens, thanks to attractive interest rates and the safety of investing in a government-backed bank.

Bank of India Fixed Deposits: How Much Can You Earn on Rs 2,00,000 FD? Understand BOI FD Interest Rates Calculation

Small investors are increasingly turning to Bank of India fixed deposits (FDs) for safe and guaranteed returns. For instance, a senior citizen investing Rs 2 lakh in a 59-month FD can earn around Rs 77,945 in interest, making such deposits an attractive option for retirement planning and low-risk investments.

The combination of fixed returns and government backing continues to make Bank of India FDs a reliable savings instrument.

Bank of India, one of India's major public sector banks, allows customers to open FDs for tenures ranging from as short as 7 days up to 10 years. Interest rates vary according to depositor category and tenure, currently ranging from 3.00% to 7.35% per annum. Senior citizens and super senior citizens are offered higher rates, providing greater income stability for older investors.

Star Swarnim Special FD Scheme For 450-Day: Check Senior Citizen and Super Senior Citizens FD Rates

Among the bank's popular offerings, the 450-day 'Star Swarnim Special FD' has attracted significant attention. This scheme offers 6.70% interest for general customers, 7.20% for senior citizens, and 7.35% for super senior citizens, making it one of the highest-yielding short- to medium-term FD options at the bank.

Even after the Reserve Bank of India's repo rate cuts in 2026, which reduced rates by a total of 1.25 percentage points, Bank of India continues to offer competitive fixed deposit rates. For FDs of more than three years and up to five years, general customers earn 6.25% per annum, while senior citizens receive 6.75%. These rates provide investors with stable income without exposing their capital to market-related risks.

Bank of India FD Interest Rate Calculator For Rs 2 Lakh Deposit

Illustrative calculations show the benefits of Bank of India FDs. For a Rs 2 lakh deposit over 59 months, a general citizen earns about Rs 71,302 in interest, resulting in a maturity value of approximately Rs 2,71,302. A senior citizen investing the same amount for the same period earns around Rs 77,945 in interest, with a maturity value of Rs 2,77,945.

Bank of India FDs are considered safe due to the bank's government ownership and deposits are generally viewed as secure. The bank offers a wide range of tenures and interest slabs to suit different investor needs. The highest current interest rate of 7.35% is available to super senior citizens on select schemes, while senior citizens also receive attractive returns on longer-term deposits.

Investors are advised to check the latest rates and terms with Bank of India before making deposits, as interest rates and policies may change. For those seeking low-risk investment avenues with predictable returns, Bank of India fixed deposits remain a dependable choice in the current financial environment.

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