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Fixed & recurring deposits

Star Recurring Term Deposit

A recurring deposit accepting a fixed monthly instalment with quarterly compounding and tenures up to 10 years.

Interest rateInterest follows the Bank of India recurring/deposit rate applicable to the selected tenure; the current rate sheet’s callable domestic bands below ₹3 crore are 3.00% (7–45 days), 4.50% (46–90 days), 4.25% (91–179 days), 5.50% (180 days to below 1 year), 6.50% (1 to below 2 years), 6.60% (2 to below 3 years), 6.70% (3 years), 6.25% (above 3 to below 5 years), and 6.00% (5 to 10 years). The recurring page confirms quarterly compounding and tenure multiples of 3 months up to 10 years.Senior-citizen rateFor deposits of at least ₹10,000 and below ₹3 crore with a term of 6 months to 10 years, the first account holder aged 60 to below 80 receives the published senior-citizen card rate: 3.00% (7–45 days), 4.50% (46–90 days), 4.25% (91–179 days), 6.00% (180 days to below 1 year), 7.00% (1 to below 2 years), 7.10% (2 to below 3 years), 7.45% (3 years), 7.00% (above 3 to below 5 years), and 6.75% (5 to 10 years). Deposits of 3 years and above receive the stated 0.75% senior uplift over the general card rate; the table is controlling for the published senior rate.TenureMultiples of 3 months, up to 10 years.
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Quick eligibility check

Star Recurring Term Deposit

0 of 2 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: The page states that the scheme is for individuals, including joint accounts and minors?

2Document checkDo you have this required document or proof: KYC as required by Bank of India?

0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 21 Aug 2026 · active
Offered byBank of India

India; available subject to branch and product terms

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Minimum monthly instalment₹500, with instalments in multiples of ₹500; the page also describes a maximum total limit of ₹10 lakh.View source
Minimum monthly deposit is ₹500 and multiples thereof; the page states a maximum total limit of ₹10 lakh.
Source
Star Recurring Term Deposit
Page / section
Minimum monthly deposit
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
TenureMultiples of 3 months, up to 10 years.View source
Period is in multiples of 3 months and maximum period is 10 years.
Source
Star Recurring Term Deposit
Page / section
Period
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Delayed instalment charge₹1.50 per ₹100 per month for periods up to 5 years; ₹2 per ₹100 per month above 5 years. Advance equal instalments may waive the penalty in the stated circumstances.View source
The page publishes separate delayed-instalment penalties for terms up to 5 years and above 5 years.
Source
Star Recurring Term Deposit
Page / section
Defaulted instalments
Accessed
21 Aug 2026
Confidence
high
Open official source ↗
Senior-citizen rateFor deposits of at least ₹10,000 and below ₹3 crore with a term of 6 months to 10 years, the first account holder aged 60 to below 80 receives the published senior-citizen card rate: 3.00% (7–45 days), 4.50% (46–90 days), 4.25% (91–179 days), 6.00% (180 days to below 1 year), 7.00% (1 to below 2 years), 7.10% (2 to below 3 years), 7.45% (3 years), 7.00% (above 3 to below 5 years), and 6.75% (5 to 10 years). Deposits of 3 years and above receive the stated 0.75% senior uplift over the general card rate; the table is controlling for the published senior rate.Effective 18 May 2026View source
The official rate page publishes senior-citizen rates by maturity and states the 6-month-plus, below-₹3-crore eligibility and 0.75% uplift for deposits of 3 years and above.
Source
Rupee Term Deposit Interest Rate for Domestic/ — Bank of India
Page / section
Senior Citizen tab — callable rates; Additional Rate applicability
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateInterest follows the Bank of India recurring/deposit rate applicable to the selected tenure; the current rate sheet’s callable domestic bands below ₹3 crore are 3.00% (7–45 days), 4.50% (46–90 days), 4.25% (91–179 days), 5.50% (180 days to below 1 year), 6.50% (1 to below 2 years), 6.60% (2 to below 3 years), 6.70% (3 years), 6.25% (above 3 to below 5 years), and 6.00% (5 to 10 years). The recurring page confirms quarterly compounding and tenure multiples of 3 months up to 10 years.Effective 18 May 2026View source
The official rate schedule supplies the current tenure bands; the recurring product page states quarterly compounding and up-to-10-year tenure.
Source
Rupee Term Deposit Interest Rate for Domestic/ — Bank of India
Page / section
Domestic/ tab — callable rates
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest payout / redemptionMinimum monthly instalment ₹500View source
The manually reviewed product record states: “Minimum monthly instalment ₹500”.
Source
Star Recurring Term Deposit — official product page
Page / section
Published product metadata
Accessed
21 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Minimum monthly instalment ₹500
  • Tenures are multiples of 3 months up to 10 years
  • Advance instalments may avoid delayed-instalment penalty in the stated circumstances

Eligibility

  • The page states that the scheme is for individuals, including joint accounts and minors.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • as required by Bank of India.

Related official documents

Bank of India term-deposit catalogueofficial-product-page · current · accessed 21 Aug 2026
↗
Rupee term-deposit interest ratesrate-sheet · current · accessed 21 Aug 2026
↗
Rupee Term Deposit Interest Rate for Domestic/NRO — Bank of Indiaofficial-rate-sheet · current · accessed 30 Aug 2026
↗

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Recurring-deposit estimate

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Money at maturity₹3,24,042three lakh twenty-four thousand forty-two rupees
Money you put in₹3,00,000three lakh rupees
Interest earned₹24,042twenty-four thousand forty-two rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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7 days to 14 days · Deposits below ₹3 crore3.00%

This value is copied from Callable domestic/ term-deposit rates. Check the table notes before relying on it.

Source: Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Domestic/ tab — callable rates Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 15 rows · 3 columnsCallable domestic/NRO term-deposit ratesAnnual interest rates for callable domestic and NRO term deposits, revised 18 May 2026.View tableHide table

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Callable domestic/NRO term-deposit rates
MaturityDeposits below ₹3 crore₹3 crore to below ₹10 crore
7 days to 14 days3.00%4.50%
15 days to 30 days3.00%5.00%
31 days to 45 days3.00%5.00%
46 days to 90 days4.50%5.00%
91 days to 179 days4.25%5.50%
180 days to 210 days5.50%5.75%
211 days to 269 days5.50%5.75%
270 days to less than 1 Year5.50%5.75%
1 Year6.50%6.50%
Above 1 Year to less than 2 Years6.50%6.25%
2 Years to less than 3 Years6.60%6.00%
3 Years6.70%5.50%
Above 3 Years to less than 5 Years6.25%5.50%
5 Years to less than 8 Years6.00%5.50%
8 years & above to up to 10 Years6.00%5.50%
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Domestic/ tab — callable rates · effective 18 May 2026 · accessed 26 Aug 2026Open official source ↗
Table 2 · 4 rows · 3 columnsNon-callable domestic/NRO ratesAnnual interest rates for non-callable deposits above ₹1 crore, revised 18 May 2026.View tableHide table

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Non-callable domestic/NRO rates
MaturityAbove ₹1 crore to below ₹3 crore₹3 crore to below ₹10 crore
1 Year6.65%6.65%
Above 1 Year to less than 2 Years6.65%6.40%
2 Years to less than 3 Years6.75%6.15%
3 Years6.85%5.65%
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Domestic/ tab — non-callable rates · effective 18 May 2026 · accessed 26 Aug 2026Open official source ↗
Table 3 · 1 row · 3 columnsImageHarit Jama Yojana (Green Deposit)The published 999-day green-deposit rate and indicative annualised return.View tableHide table

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ImageHarit Jama Yojana (Green Deposit)
MaturityRateEffective annualised rate (indicative)
999 days6.85%7.27%
  • Deposits must be ₹1 lakh to below ₹10 crore. Senior citizens receive an additional 50 bps and super senior citizens 65 bps over the applicable green-deposit rate below ₹3 crore.
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Domestic/ and senior/additional-rate sections — green deposit · effective 1 Jun 2026 · accessed 26 Aug 2026Open official source ↗
Table 4 · 14 rows · 3 columnsCallable deposits of ₹10 crore and aboveCallable rates effective 1 July 2026 for large deposits.View tableHide table

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Callable deposits of ₹10 crore and above
Maturity₹10 crore to below ₹25 crore₹25 crore and above
7 days to 14 days5.25%5.25%
15 days to 30 days5.50%5.50%
31 days to 45 days5.50%5.50%
46 days to 90 days6.25%6.25%
91 days to 120 days6.75%6.75%
121 days to 179 days6.75%6.75%
180 days to 269 days6.80%6.80%
270 days to less than 1 Year6.80%6.80%
1 Year7.20%7.15%
Above 1 Year but less than 2 Years7.20%7.15%
2 Years and above but up to 3 Years6.85%6.85%
Above 3 Years and less than 5 Years6.25%6.25%
5 Years and above to less than 8 Years6.25%6.25%
8 Years and above to 10 Years6.25%6.25%
  • For rates on ₹10 crore and above, the page directs customers to the nearest branch; these published buckets are provided for reference.
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · ₹10 crore and above — callable deposit · effective 1 Jul 2026 · accessed 26 Aug 2026Open official source ↗
Table 5 · 3 rows · 3 columnsNon-callable deposits of ₹10 crore and aboveNon-callable rates effective 1 July 2026 for large deposits.View tableHide table

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Non-callable deposits of ₹10 crore and above
Maturity₹10 crore to below ₹25 crore₹25 crore and above
1 Year7.35%7.30%
Above 1 Year but less than 2 Years7.35%7.30%
2 Years and above up to 3 Years6.90%6.90%
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · ₹10 crore and above — non-callable deposit · effective 1 Jul 2026 · accessed 26 Aug 2026Open official source ↗
Table 6 · 15 rows · 3 columnsSenior and super-senior callable ratesCallable domestic term-deposit rates for senior citizens and super senior citizens, revised 18 May 2026.View tableHide table

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Senior and super-senior callable rates
MaturitySenior citizen below ₹3 croreSuper senior citizen below ₹3 crore
07 days to 14 days3.00%3.00%
15 days to 30 days3.00%3.00%
31 days to 45 days3.00%3.00%
46 days to 90 days4.50%4.50%
91 days to 179 days4.25%4.25%
180 days to 210 days6.00%6.15%
211 days to 269 days6.00%6.15%
270 days to less than 1 Year6.00%6.15%
1 Year7.00%7.15%
Above 1 Year to less than 2 Years7.00%7.15%
2 Years to less than 3 Years7.10%7.25%
3 Years7.45%7.60%
Above 3 Years to less than 5 Years7.00%7.15%
5 Years to less than 8 Years6.75%6.90%
8 years & above to up to 10 Years6.75%6.90%
  • Senior citizen means age 60 years or above but below 80 years. Super senior citizen means age 80 years and above.
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Senior Citizen tab — callable rates · effective 18 May 2026 · accessed 26 Aug 2026Open official source ↗
Table 7 · 4 rows · 3 columnsSenior and super-senior non-callable ratesNon-callable rates for senior citizens and super senior citizens on deposits above ₹1 crore to below ₹3 crore.View tableHide table

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Senior and super-senior non-callable rates
MaturitySenior citizen above ₹1 crore to below ₹3 croreSuper senior citizen above ₹1 crore to below ₹3 crore
1 Year7.15%7.30%
Above 1 Year to less than 2 Years7.15%7.30%
2 Years to less than 3 Years7.25%7.40%
3 Years7.60%7.75%
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Senior Citizen tab — non-callable rates · effective 18 May 2026 · accessed 26 Aug 2026Open official source ↗
Table 8 · 10 rows · 5 columnsSenior and super-senior effective annualised returnIndicative effective annualised return for cumulative deposits under the reinvestment plan with quarterly compounding.View tableHide table

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Senior and super-senior effective annualised return
MaturitySenior rateSenior annualised returnSuper-senior rateSuper-senior annualised return
180 days to 210 days6.00%6.04%6.15%6.20%
211 days to 269 days6.00%6.04%6.15%6.20%
270 days to less than 1 Year6.00%6.09%6.15%6.25%
1 Year7.00%7.19%7.15%7.34%
Above 1 Year to less than 2 Years7.00%7.19%7.15%7.34%
2 Years to less than 3 Years7.10%7.56%7.25%7.73%
3 Years7.45%8.26%7.60%8.45%
Above 3 Years to less than 5 Years7.00%7.71%7.15%7.90%
5 Years to less than 8 Years6.75%7.95%6.90%8.16%
8 years & above to 10 Years6.75%8.85%6.90%9.11%
  • Annualised returns are rounded to the nearest two decimal places.
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Senior Citizen tab — effective annualised return · accessed 26 Aug 2026Open official source ↗
Table 9 · 3 rows · 2 columnsPremature withdrawal penaltiesPenalty schedule published on the Bank of India term-deposit rate page.View tableHide table

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Premature withdrawal penalties
Deposit categoryPenalty
Deposits below ₹5 lakh withdrawn after 12 monthsNil
Deposits below ₹5 lakh withdrawn before 12 months0.50%
Deposits of ₹5 lakh and above withdrawn prematurely1.00%
  • No penalty when a deposit is prematurely closed to renew for a longer period than the remaining original tenure. No penalty on premature withdrawal due to depositor death. Staff, ex-staff, staff/ex-staff senior citizens and spouse of deceased staff are exempt under the stated conditions.
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Penalty Details tab — premature withdrawal · accessed 26 Aug 2026Open official source ↗
Table 10 · 3 rows · 3 columnsAdditional staff and senior-citizen rate applicabilityThe page identifies categories where additional staff or senior-citizen rates are not applicable.View tableHide table

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Additional staff and senior-citizen rate applicability
Account typeAdditional staff rateAdditional senior-citizen rate
Not applicableNot applicable
Capital Gain SchemeNot applicableNot applicable
/ depositsNot applicableNot applicable
  • The page also states that premature withdrawal uses the lower of the applicable rate for the actual period or the contracted rate, less any applicable penalty.
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Additional Rate tab — applicability · accessed 26 Aug 2026Open official source ↗
Table 11 · 7 rows · 2 columnsTerm-deposit rate-sheet conditionsEligibility, discontinued-bucket, court-order and no-interest conditions published alongside the Bank of India rate tables.View tableHide table

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Term-deposit rate-sheet conditions
ConditionPublished rule
Rupee term-deposit tenorMinimum 1 year and maximum 10 years
Minimum deposit for published maturity buckets₹10,000, except court orders and special deposit categories
450-day Star Swarnim bucketDiscontinued for deposits below ₹3 crore; not available from 18 May 2026
Court-order term depositsUse the 10-year domestic// card rate applicable on the date of acceptance, regardless of the deposit term
No interest on early term-deposit withdrawalNo interest below 7 days for term deposits, below 3 months for recurring deposits, or below 12 months for deposits
₹10 crore and aboveContact the nearest branch for the applicable rate
Premature repayment rateLower of the rate for the actual period held or the contracted rate, less any applicable penalty
  • The page states that annualised returns are rounded to the nearest two decimal places.
Rupee Term Deposit Interest Rate for Domestic/ - Bank of India · Domestic/, Additional Rate and Penalty Details tabs — terms and conditions · effective 18 May 2026 · accessed 26 Aug 2026Open official source ↗

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