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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 December 2, 2002

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

Period Normal rate for deposits less than Rs.1 crore
(In Percentage)
Deposit of Rs.1 crore and above
(In Percentage)
Shanti Deposit scheme for senior citizens
(In Percentage)
      7 days to 14 days 4.50* 4.50* --
      15 days to 30 days 4.50 4.50 4.50
      31 days to 45 days 4.75 4.75 4.75
      46 days to 90 days 5.25 5.25 5.25
      91 days to 179 days 5.75 5.75 5.75
      180 days To 270 days 6.00 6.00 6.00
      271 days To 1 Year 6.25 6.25 6.25
      1 year to less than 2 years 6.50 6.50 7.00
      2 years to less than 3 years 6.50 6.50 7.00
      3 years and above 6.75 6.75 7.25
* This interest rate will be given only for single deposit of Rs.15.00 lacs and above.
These interest rates are with effect from December 2, 2002

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

Non-Resident (External) Deposits (NRE)
Period Normal rate upto Rs.15 lacs
(In Percentage)
Single deposit of Rs.15 lacs and above
(In Percentage)
      180 days to less than 1 Year 5.75 5.75
      1 Year to less than 2 Years 6.00 6.00
      2 Years to less than 3 Years 6.25 6.25
      3 Years and above 6.25 6.25
Non Resident Non Repatriable Account (NRNR) - Rupee Deposit Scheme

Scheme is discontinued with effect from 1.4.2002.
The existing NRNR account shall be continued upto the date of maturity at the contracted rate.
(For details please refer to 'NRI Banking')

These interest rates are with effect from December 16, 2002

Period GBP USD EUR YEN
      1 Year to less than 2 Years 3.50 1.25 2.50 --
      2 Years to less than 3 Years 3.75 1.75 2.65 --
      3 Years 4.00 2.25 2.90 --
* Conditions Apply
* Rates are subject to change without prior notice.
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