Calculate BOI Bank FD maturity and post-tax returns. Compare FD Rates & Returns
No deductions applicable. 7 slabs from Nil (up to Rs. 4L) to 30% (above Rs. 24L).
Maturity amount
₹6,15,720
after 3 years
Post-tax maturity
₹5,98,362
Total interest earned
₹1,15,720
Effective yield post-tax
6.17%
p.a.
Tax on interest
₹17,358
₹5,00,000 (81.2%)
₹98,362 (16.0%)
₹17,358 (2.8%)
Is your FD working as hard as it should?
Get your wealth check-up todayDisclaimer: This calculator assumes quarterly compounding (standard for Indian bank FDs). Post Office FDs compound annually; some NBFCs compound monthly. Tax is applied on total interest at maturity. In practice, TDS on FD interest is deducted annually (10% with PAN, 20% without). Senior citizen rates (additional 0.25-0.50%) are not differentiated. Non-cumulative FDs with periodic payouts are not modelled.
Drag the slider or type the lump sum you plan to deposit. Range is Rs. 10,000 to Rs. 10 crore.
Use the rate offered by your bank on its latest FD (Fixed Deposit) rate card. The calculator supports 3% to 9.5%.
Pick anywhere from 3 months to 10 years. If you need liquidity soon, Then keep tenure short to avoid premature withdrawal penalties.
Pick "New regime" if you do not claim deductions like 80C, HRA (House Rent Allowance), or home loan interest. Pick "Old regime" if you do.
Choose the slab that matches your annual taxable income (Nil, 5%, 10%, 15%, 20%, 25%, or 30%). This drives the TDS (Tax Deducted at Source) and post-tax yield calculation.
Check Maturity amount, Post-tax maturity, Total interest earned, Effective yield post-tax, and Tax on interest. The donut chart breaks down Principal vs Net interest vs Tax so you can see the real return after tax drag.
A fixed deposit (FD) is a financial product where you place a lumpsum with a bank for a fixed tenure at a predetermined interest rate. At the end of the tenure, you receive your principal plus the accumulated interest. Unlike a savings account, an FD locks your money for a chosen period, anywhere from 7 days to 10 years, in return for a higher, guaranteed interest rate. The rate is fixed at booking and does not change for the life of the FD, even if market rates move.
Why Bank of India FDs?
The BOI FD Calculator computes your fixed deposit returns using the following formula:
A = P × (1 + r/n)^(n × t)
Where
A = 5,00,000 × (1.01625)^8 ≈ ₹5,71,000
Pre-tax interest: ₹71,000
Post-tax at 20% slab:
Tax: ₹14,200
Post-tax maturity: ₹5,56,800
Effective yield: 5.38% p.a.
Current as of May 2026. Verified against Bank of India's official rate sheet at bankofindia.co.in.
| Tenure | Regular Rate | Senior Citizen Rate | Premium |
| 7-14 days | 3.50% | 4.00% | +0.50% |
| 15-29 days | 3.50% | 4.00% | +0.50% |
| 30-45 days | 4.00% | 4.50% | +0.50% |
| 46-60 days | 5.25% | 5.75% | +0.50% |
| 61-87 days | 5.75% | 6.25% | +0.50% |
| 88-180 days | 6.00% | 6.50% | +0.50% |
| 6–9 months | 6.40% | 6.90% | +0.50% |
| 9–12 months | 6.50% | 7.00% | +0.50% |
| 1–2 years | 6.50% | 7.00% | +0.50% |
| 2–3 years | 6.45% | 6.95% | +0.50% |
| 3–5 years | 6.35% | 6.85% | +0.50% |
| 5–7 years | 6.25% | 6.75% | +0.50% |
| 7–10 years | 6.25% | 6.75% | +0.50% |
| 5-Year Tax Saver | 6.35% | 6.85% | +0.50% |
Highest Rate: 6.50% (1–2 years, general) / 7.00% (1–2 years, senior)
Bank of India's senior premium is +0.50% uniformly across all tenures.
| Senior Tenure | Rate | vs Regular |
| 1–2 years | 7.00% | +0.50% |
| 2–3 years | 6.95% | +0.50% |
| 3–5 years | 6.95% | +0.50% |
Senior strategy: Competitive on 1–2Y (7.00% matches Axis, HDFC). For 5Y+, SBI (7.50%) is better.
| NRE FD Tenure | Interest Rate (p.a.) |
| 1–2 years | 6.00% |
| 2–3 years | 5.90% |
| 3-5 years | 5.90% |
| 5–10 years | 5.90% |
Key: NRE interest is 100% tax-free in India + fully repatriable.
Bank of India revises rates in response to RBI monetary policy. Last revision: March 2026 when BoI held 1–2Y rates at 6.50%.
Currently, Bank of India is competitive on 1–2Y (tied with Union Bank, lags Canara by 35 bps).
Verify live rates: bankofindia.co.in/deposits
Best for: 1–2Y tenure, PSU employee convenience, conservative savers.
Avoid: Highest-rate seekers (Canara/SBI better).
Competitive (2Y, 20% slab):
| Approach | How It Works | Best For | Post-Tax Return |
| BOI FD (1–2Y) | Lumpsum locked at 6.45%, quarterly CPD | Capital safety, 1–3 year goals | 5.0% (20% slab) |
| SBI FD (1Y) | Lumpsum locked at 6.80%, quarterly | Higher headline rate, bank ecosystem | 5.44% (20% slab) |
| Debt Mutual Fund | Diversified bond portfolio, managed by AMC | Tax-efficient (long-term), no lock-in | 5.2–6.2% (20%) |
| Liquid Mutual Fund | Overnight/money market, high liquidity | Emergency fund, short-term parking | 6.0–6.5% (20%) |
| Post Office FD (5Y) | Annual compounding, govt-backed | Seniors, rural access, tax saver | 5.36% (20% slab) |
| Bank | 1 Year | 2-3 Years | 5 Years | Senior 5Y+ |
| Bank of India | 6.50% | 6.45% | 6.35% | 7.00% |
| SBI | 6.80% | 6.60% | 6.50% | 7.50% |
| Canara Bank | 6.85% | 6.40% | 6.00% | 6.75% |
Bank of India's Niche: Strong on 1–2Y seniors (7.00%). Mid-market on regular deposits.
Bank of India is a Public Sector Bank established in 1906. One of India's larger PSU banks with strong presence nationwide.
| Attribute | Value |
| Bank Name | Bank of India |
| Founded | 1906 |
| Headquarters | Mumbai |
| Type/Status | Public Sector Bank, G-SIB |
| MD & CEO | Siddhartha Mohanty (since 2021) |
| Branches | 5,000+ |
| ATMs | 8,500+ |
| Customers | 10+ crore |
| Market Cap | ~₹350 billion |
| DICGC Cover | ₹5 lakh per depositor |
G-SIB Status: (Global Systemically Important Bank) is a designation given by international regulators to the world's largest and most interconnected financial institutions.
| Product | Description |
| Regular FD | 7 days–10 years, ₹500 min online |
| Digital FD | Online-only, instant opening |
| Tax Saver FD (80C) | 5-year, Section 80C eligible |
| Flexi FD | Partial withdrawal allowed |
| NRE / NRO FD | Non-resident deposits |
| Senior Citizen FD | Dedicated senior rates (60+) |
Explore our suite of intuitive calculators designed to help you streamline your financial planning and maximize your tax efficiencies:
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Novelty Wealth does not just calculate FD maturity, it helps you decide whether an FD is the right destination for your money. Connect your existing portfolio and let NovaAI score every option against your goals, tax slab, and risk profile.
As of May 2026, Bank of India rates range from 3.50% to 6.50% (1–2 years). Senior citizens earn +0.50% premium. Verify at bankofindia.co.in
Yes. G-SIB + ₹5L DICGC. Government backing via PSU status.
SBI (6.80%) beats Bank of India (6.50%) by 30 bps. Choose SBI unless you're a BoI customer.
Yes. Premature withdrawal: 1% penalty below rate.
₹500 (online), ₹1,000 (branch).
+0.50% uniformly. Maximum 7.00% on 1–2 years.
Yes. 5.90–6.00% (fully tax-free).
6.50% is competitive but not the best. Canara (6.85%) and SBI (6.80%) are better. Choose BoI only if you're an existing customer.
At 20% slab: 6.50% × 0.80 = 5.20% vs debt fund 6% with 20% LTCG = 4.80%. Bank of India wins.
Yes. Allows partial withdrawal (up to 75%) after 1-year lock-in without full breakage.