The Bank of India has launched a new 999 Days Fixed Deposit Scheme, offering attractive interest rates and secure returns for investors looking for a stable and rewarding savings option. This special-tenure FD has quickly become popular because it offers higher-than-usual interest rates, making it an excellent choice for both regular and senior citizen depositors. If you’re planning to invest in a safe, government-backed bank deposit, this 999-day FD can be a smart move.
What Is the 999 Days FD Scheme?
This is a limited-period fixed deposit introduced by Bank of India under its special tenure products. The unique 999-day duration is slightly under three years, allowing investors to enjoy a mix of medium-term stability and higher interest rates. Being a PSU bank, BOI offers strong credibility and guaranteed returns backed by government assurance.
Interest Rates for 999 Days FD
Bank of India is offering competitive interest rates under this scheme. General customers receive higher-than-average returns, while senior citizens and super senior citizens get an even better rate. This helps retirees secure more income from their savings without taking investment risks. The 999-day tenure ensures the rate remains locked, protecting depositors from future rate cuts.
Why This FD Is Becoming Popular
The scheme offers strong returns without market risk. Investors enjoy predictable growth, assured maturity value and the safety of placing funds in a trusted public-sector bank. The 999-day period is ideal for those who want higher returns but do not want to lock their money for a very long tenure. Additionally, the scheme allows flexible investment amounts, making it suitable for all categories of depositors.
Benefits of the Bank of India 999 Days FD
This FD provides guaranteed interest earnings for almost three years, making it suitable for financial planning, retirement needs and short-term wealth creation. It also ensures complete capital protection, as BOI being a PSU bank adds an extra layer of trust. Senior citizens benefit from higher interest, increasing their monthly or annual income. The FD can be opened easily through the bank branch or online banking.
Important Things to Know
Before investing, depositors should check whether the FD is callable or non-callable, as premature withdrawal rules may vary. Interest earned on this FD is taxable under income tax rules, and TDS may apply if interest crosses the annual exemption limit. Investors should carefully choose the cumulative or non-cumulative option depending on whether they prefer monthly/quarterly income or a lump sum at maturity.
Who Should Invest?
The 999-day FD is ideal for salaried employees, retirees, homemakers and anyone looking for a safe investment option with guaranteed returns. It is especially beneficial for conservative investors seeking a secure alternative to volatile market-linked products. Senior citizens looking for stable and higher interest income will find this FD particularly useful.
Conclusion: Bank of India’s special 999 Days FD Scheme is a solid choice for anyone who wants a safe and rewarding medium-term investment. With attractive interest rates, guaranteed returns and the trust of a nationalised bank, this FD offers a balanced combination of safety and profit. If you’re planning to grow your savings securely, this could be the perfect FD to consider in 2025.
Disclaimer: Interest rates and terms may change based on Bank of India’s latest updates. Investors should verify the current rate and conditions on the official BOI website or branch before opening the FD.
