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There are several interesting types of domestic deposits, which have been devised to help you lead a better life. We have listed out the various interest rates we offer for different types of deposits, to help you choose a scheme most beneficial to you.
These interest rates are with effect from January 1, 2002

Bharat Overseas Bank offers an interest rate of 4.00% for all the Savings Accounts under domestic deposits.

Term of Deposits Normal Rate upto   15 lakhs
(In Percentage)
Single Deposit of 15 lakhs & above less than 1 crore
(In Percentage)
Shanti Deposit Scheme
(In Percentage)
      7 days to 14 days -- 5.00 --
      15 days to 45 days 5.50 5.75 5.50
      46 days to 90 days 6.50 6.75 6.50
      91 days to 179 days 7.00 7.25 7.00
      180 days to less than 1 year 7.25 7.50 7.25
      2 years to less than 3 years 8.25 8.25 8.50
      3 years and above 8.50 8.50 9.00
These interest rates are with effect from September 12, 2001

Bharat Overseas Bank offers an interest rate of 4.00% for all the Savings Accounts under NRI deposits.

Non-Resident (External) Deposits (NRE)
Term of Deposits Normal Rate upto   15 lakhs
(In Percentage)
      180 days to less than 1 year 7.50
      1 year to less than 3 years 8.00
      3 years and above 8.50
Non-Resident Non-Repatriable Deposits (NRNR)
Term of Deposits Normal Rate upto
15 lakhs
(In Percentage)
      180 days to less than 1 year 8.00
      1 year and upto 3 years 8.50

PERIOD GBP USD DEM/EUR YEN
      1 year to less than 2 year 4.00 2.20 3.00 --
      2 years to less than 3 years 4.25 2.70 3.15 0.05
      3 years 4.50 3.25 3.25 0.15
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