Bank of India Fixed Deposit Chennai - Interest Rate - Wishfin

Bank of India Fixed Deposit in Chennai

About Bank of India Fixed Deposit Chennai

Sitting on the stones along the seashore of Chennai, you could be wondering about how your future will pan out amid the growing uncertainties that are parts and parcel of life. One thing that you should do first is to begin your fixed deposit journey. And which bank should you look for your fixed deposit? Without a doubt, Bank of India ( BOI) that runs a lot of branches in Chennai, the capital of Tamil Nadu.

Bank of India Fixed Deposit Chennai at a Glance

Interest Rate2.85% - 5.55%
Minimum Deposit Amount₹5,000 (Rural and Semi-Urban Branches)

₹10,000 (Metro and Urban Branches
TenureUpto 10 Years

Eligibility Criteria

Bank of India has not set any eligibility criteria regarding the opening of a fixed deposit account in Chennai. But you can look below to find the list of eligible people.

  • A Resident of India
  • Non-resident Indian (NRI)
  • Sole Proprietorship Firms
  • Private Limited Companies
  • Partnership Firm
  • Trusts
  • Associations
  • Clubs
  • Charitable Institutions
  • Municipalities
  • Hindu Undivided Families (HUFs)

Documents Checklist to Open a Fixed Deposit at Bank of India in Chennai

Above you saw the people and the organisations eligible to open a fixed deposit. Now check out what are the documents that they need to serve the purpose.

Documents for Individuals, HUFs and Sole Proprietorship Firms

  • A Colour Photograph
  • Driving License
  • Last 6-month Bank Statement

Documents for Private Limited Companies

  • Board Resolution / Authority Letter
  • Memorandum & Articles of Association
  • Certificate of Incorporation
  • Certificate of Commencement of Business (Public Limited Company)
  • Form 32 in case list of directors are not original subscribers to Memorandum & Articles of Association (in case of Private Limited Cos) Duly acknowledged by ROC
  • Governing Act / Rules and Regulations(PSUs) (certified true copy)

Documents for Partnership Firms

  • Photographs of Persons Operating the Account
  • Partnership Deed
  • Letter from partners approving the persons concerned to open and operate the account

Documents for Trusts

  • Photographs of the member operating the account.
  • Copy of the Trust Deed.
  • Copy of Registration Certificate.
  • Copy of the resolution of trustee authorizing the member to operate and open the accounts.

Documents for Clubs/Associations

  • By-laws of the Association
  •  Resolution Copy of the board authorising the members concerned to open and operate the account
  • Photographs of the members operating the account

For additional information, visit Fixed Deposit Chennai

Bank of India Fixed Deposit Chennai Branches

Branch NameComplete AddressIFSCMICR Contact Detail
Chennai MainChennai Main, 17 Errabalu Chetty Str, Chennai, Chennai, Tamil Nadu, Pin- 600001BKID0008000600013009
Mount RoadMount Road, 175/1 Anna Salai, Pb 2703 Chennai, Chennai, Tamil Nadu, Pin- 600002BKID0008001600013010044-28520248, 28520565
MylaporeMylapore, 174, Luz Church Road, Mylapore, Chennai, Tamil Nadu, Pin- 600004BKID0008002600013011044-24991369, 24992622
SowcarpetSowcarpet, 59 Devaraja Mudaliar R, Sowcarpet, Chennai, Tamil Nadu, Pin- 600003BKID0008003600013018044-25352381, 25354008
TheagaroyanagarT Nagar, 104 Sir Theagaroya Road, T.Nagar, Chennai, Tamil Nadu, Pin- 60017BKID0008004600013014044-28150249, 28150774
RoyapettahRoyapettah, 183, Royapettah High R, Royapettah, , Chennai, Tamil Nadu, Pin- 600014BKID0008005600013013044-28132952, 24816339
ThousandlightThousandlight, 406 Llyods Road, Gopalapuram Post, Chennai, Tamil Nadu, Pin- 600086BKID0008006600013015044-28350066, 28350076
PurasawalkamPurasawalkam, Palace Regency Ist Fl, 80 - 93 Puraswalkam Road, Chennai, Tamil Nadu, Pin- 600010BKID0008007600013012044-26404545, 26421219
EgmoreEgmore, 15/16 Casa Major Road, Egmore, Chennai, Tamil Nadu, Pin- 600008BKID0008009600013004
AdayarAdayar, 33/3 1St Main Road, Gandhi Nagar, Chennai, Tamil Nadu, Pin- 600020BKID0008010600013002044-24412719, 24425884
GuindyGuindy, Spic Centre, 44 - A Mount Road Guindy, Chennai, Tamil Nadu, Pin- 600032BKID0008011600013005044-22350638, 22352453
Cathedral RoadCathedral Road, Garuda Building, 46, Cathedral Road, Chennai, Tamil Nadu, Pin- 600086
BKID0008012600013003044-28112369, 28112567
K.K.NagarK.K.Nagar, 455, Rk Shanmugam Road, K.K.Nagar, Chennai, Tamil Nadu, Pin- 600078BKID0008013600013006044-24713529, 28470847
KodambakkamKodambakkam, 12 Puliyur Ii Main Roa, Major Trust Puram, Chennai, Tamil Nadu, Pin- 600024BKID0008014600013007044-24727657, 24831371

Personal Loan Interest Rates February 2024
HDFC Bank10.75% - 14.50%
ICICI Bank10.75% - 19.00%
IndusInd Bank10.25% - 26.00%
Kotak Bank10.99%
RBL14.00% - 23.00%
SMFG India Credit12.00% - 24.00%
Standard Chartered Bank11.49%
Tata Capital10.50% - 24.00%
Home Loan Interest Rates February 2024
Axis Bank8.75% - 9.15%
Bank of Baroda8.50% - 10.60%
Citibank8.75% - 9.15%
HDFC8.50% - 9.40%
ICICI Bank9.00% - 9.85%
Indiabulls Housing Finance Limited8.65%
Kotak Bank8.70%
LIC Housing8.50% - 10.50%
Piramal Capital & Housing Finance10.50%
PNB Housing Finance8.50% - 10.95%
Reliance Home Finance8.75% - 14.00%
State Bank of India/SBI9.10% - 9.65%
Tata Capital8.95% - 12.00%