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BoI Launches Special FD Scheme

Published on November 03, 2022
Current Context: The Bank of India (BoI) launched a special Fixed Deposit (FD) scheme for its customers.
BoI Launches Special FD Scheme
  • The “Star Super Triple Seven Fixed Deposit” scheme was launched by the Bank of India (BoI).
  • The scheme will offer an interest rate of 7.25% on a 777-day deposit period.
  • For senior citizens, the scheme will offer an interest rate of 7.75% on a 777-day deposit period.
  • At the launch event, the BoI also announced a raise in the interest rate of its already existing 555-day FD Scheme to 6.30%.
  • The bank also raised the interest rates by 25 basis points (0.25%) on other maturities between 180 days and 5 years.
  • The Bank of India is a Government of India-owned public sector bank that was established in 1906 with its headquarters in Mumbai. The current CEO and MD of the bank are Atanu Kumar Das.


Q.1 The Bank of India will provide a rate of interest of ____% on the Star Super Triple Seven Fixed Deposit scheme.
a. 7.00
b. 7.25
c. 7.50
d. 7.85
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