Bank of India stock: 500-day deposit offers up to 7.5%

Published on 11/13/2026 at 02:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of India stock is in focus after the lender changed selected fixed-deposit rates. The 500-day scheme is available for a limited period.

Bank of India changes deposit pricing

Bank of India revised selected fixed-deposit rates effective November 2, 2026.
The new 500-day BOI Akshay Deposit offers differentiated rates for regular, senior and super senior customers.
The move gives depositors new term options while changing the bank's retail funding proposition.

Bank of India, INE084A01016, Illustration mit AI erstellt.

Bank of India revised selected fixed-deposit rates effective November 2, 2026, and introduced the 500-day BOI Akshay Deposit, according to The Economic Times. The revised terms apply to selected deposits below Rs 3 crore and were presented as a limited-period offer.

New 500-day deposit option

The BOI Akshay Deposit pays an annual rate of 6.85 percent to regular customers. The rate rises to 7.35 percent for senior citizens and 7.50 percent for customers aged 80 and above. The minimum term-deposit investment is Rs 10,000, subject to the bank's stated exceptions.

Bank of India also offers a 999-day green-deposit option at 6.65 percent for regular customers depositing from Rs 1 lakh to less than Rs 10 crore. For deposits below Rs 3 crore, the bank offers 6.60 percent for one-year maturities and 6.70 percent for maturities above one year to less than two years, two years to less than three years and three years.

Impact on retail funding

The rate changes give savers a new maturity choice and provide higher headline rates for older customers. Senior citizens receive additional interest under the bank's retail-term-deposit rules, while the special 500-day product is separate from the bank's standard maturity schedule.

For investors, the development highlights the balance between attracting deposits and managing the cost of retail funding. The offer's limited-period status and the different rates by customer category are key terms when assessing its likely contribution to deposits and margins.