New Student Offer - HELLO

Join Here

BOI Launches Shubh Arambh FD scheme for Senior citizens

Published on May 02, 2023
Current Context: Shubh Arambh FD scheme for senior citizens offered by Bank of India (BOI).This is a special type of term deposit that provides attractive interest rates for senior citizens.
BOI Launches Shubh Arambh FD scheme for Senior citizens
  • The scheme was launched on April 1, 2023 and is applicable for deposits under Rs 2 crore for a tenure of 501 days.
  • The interest rate for super senior citizens (80 years and above) is 7.80%, for other senior citizens (60 to 80 years) is 7.65%, and for general customers is 7.15%.
  • The scheme also offers additional benefits such as no penalty for premature withdrawal of deposits less than Rs 5 lakh after 12 months, and no penalty for renewing deposits for a longer duration than the original tenure.

Question:

Q.1 What is the interest rate for super senior citizens (80 years and above) under the Shubh Arambh FD scheme?
a. 7.15%
b. 7.40%
c. 7.65%
d. 7.80%
ebook store

About Me

Ramandeep Singh

Ramandeep Singh - Educator

I'm Ramandeep Singh, your guide to banking and insurance exams. With 14 years of experience and over 5000 successful selections, I understand the path to success firsthand, having transitioned from Dena Bank and SBI. I'm passionate about helping you achieve your banking and insurance dreams.

  • Follow me:
Close Menu
Close Menu