Key Insights

BOI RD accounts can earn up to 7.25% interest when you choose a 3 to 5-year term, which helps you get the best returns.
How easy to start saving now because you can start saving with ₹100 to ₹500 each month, according to your branch location and account type.
Your BOI recurring deposits are protected by DICGC insurance, which covers amounts up to ₹5,00,000.

Are you searching for a reliable savings plan from a trusted public sector bank? You can check out the Bank of India RD interest rates for 2025 to see how they can support your financial goals. Try the BOI RD interest rates 2025 calculator to help you plan.

A Bank of India RD is like making a monthly promise to save for your future. You put in a set amount every month, and the bank adds interest every quarter.

This will help your savings grow over time. This steady approach makes it easier to plan, especially when you use tools like the BOI RD interest rates for 1-year option.

I use the BOI RD interest rates calculator to plan my savings. By investing ₹10,000 each month in a BOI RD interest rates for 5 years, I can estimate a good maturity amount. This approach is a key part of my long-term savings.

Bank of India RD Interest Rates Based on Tenure

You can save more with Bank of India RD interest rates 2025, available for different investment periods.

Here is the list of the Bank of India RD Interest Rate based on tenure:

Tenure	Normal Citizen RD Rate	Senior Citizen RD Rate
3 Months to 6 Months	4.50%	4.50%
6 Months to 9 Months	5.00%	5.00%
9 Months to 1 Year	5.50%	6.00%
1 Year to 2 Years	6.00%	6.50%
2 Years to 3 Years	6.00%	6.50%
3 Years to 5 Years	6.50%	7.25%
5 Years to 10 Years	6.00%	6.75%

You can choose your savings plans with terms of three to five years to get the best interest rates and help your savings grow faster according to your preference.

BOI RD Key Highlights (Features and Benefits)

Bank of India RD accounts help you save regularly in a secure way, offer competitive returns, and come with useful features.

Here are the key features of the Bank of India RD:

Systematic Savings: Helps you build disciplined saving habits by making regular monthly deposits.
Flexible Tenure: You can choose a deposit period from 12 months up to 10 years, in steps of three months.
Affordable Minimum Deposit: Open an account with as little as ₹500 per month in urban or metro branches, or ₹100 per month in rural or semi-urban branches.
Quarterly Compounding: Interest is added to your savings every quarter, helping your money grow faster.
Nomination Facility: You can nominate someone as a beneficiary for your RD account.

You begin with a small amount, save regularly, and build a secure future with government-backed insurance and flexible options.

Types of Bank of India Recurring Deposit Accounts

Bank of India provides a range of RD accounts designed for both residents and non-resident Indians.

Here are the types of RD provided by Bank of India:

Recurring Term Deposit

Only individuals can open accounts under this scheme.

So, Recurring Deposit Accounts may be opened in the names of:

An individual for a single account
Two or more individuals for a joint account
Illiterate Persons
Blind Persons
Minors

Star-Flexi Recurring Deposit

You can deposit any amount that is a multiple of the core monthly instalment you chose when you opened your account.
The maximum Flexi instalment can be any multiple of your core monthly instalment.
For Metro and Urban branches, the minimum amount is ₹500 and should be in multiples of ₹500.
For Rural and Semi-Urban branches, the minimum amount is ₹100 and should be in multiples of ₹100.

You can pick a standard RD for steady savings, or try Star-Flexi if you want more flexibility and the option to deposit higher amounts.

Bank of India RD Tenure & Minimum Deposit

If you want a stress-free way to build wealth? You can build your wealth with Bank of India RD. You get flexible tenure and a low minimum deposit, making it easy to start saving without any hassle.

Maturity	For Small Investment	For Big Investment
1 Year	6.40	6.40
Above 1 Year to less than 2 Years (except 450 Days)	6.45	6.40
450 Days (Star Swarnim)	6.85	6.40
2 Years to less than 3 Years	6.45	6.15
3 Year	6.40	5.65

A Bank of India RD offers flexible terms and a low minimum deposit, making it a practical way to build savings over time.

Conclusion

Bank of India Recurring Deposits give you a strong way to save. You can choose a 3-5 year term, which can help you earn higher interest, enjoy flexible options, and feel secure toward your financial goals.

FAQs

Are recurring deposits a financial tool that people often overlook?

No, recurring deposits (RDs) are not usually overlooked. They are a popular and widely used savings tool in India because they are simple, safe, and help people save regularly. Many people include them as a key part of their financial planning.

Why do RDs exist?

RDs, or Recurring Deposits, help people save for specific financial goals by making small, regular deposits automatic. Amazon RDS, which stands for Relational Database Service, lets businesses manage and scale cloud databases easily. Microsoft RDS, or Remote Desktop Services, gives users centralised access to virtual applications and desktops.

If a bank reduces FD-RD interest rates, would it affect the existing ongoing FDs and RDs?

No, if a bank lowers its interest rates, your current FDs (Fixed Deposits) or RDs (Recurring Deposits) are not affected. These accounts keep the original, higher rates until they mature, so your returns stay stable. The new, lower rates only apply to new deposits or when you renew after maturity. For RDs, missing payments can affect the interest you earn, but not the rate. For FDs, your fixed rate remains secure.

What is an RD (recurring deposit), and what are the benefits of an RD?

A recurring deposit lets you put aside a fixed amount each month, rather than making a big investment all at once. You can save smaller amounts over a time period that works for you.

Does the Bank of India provide an RD Calculator facility?

Yes, the Bank of India has an RD calculator on its website. You can use it to find out how much interest you will earn and what your maturity amount will be, based on your deposit and the chosen period.