BOI increases interest rates, 8.75% for senior staff, 8.25% for staff, 7.75%for senior citizens, 7.25% for general public

Ujjivan bank - online FD at 8.25% (senior) and 7.7% (regular) | DesiDime

BAT_MAN wrote:

Ujjivan bank - online FD at 8.25% (senior) and 7.7% (regular) | DesiDime

Small finance banks usually offer higher rates.. BOI is a nationalised bank and more safe imho.. 

Nice. Also good is the fact that BOI mentions: NIL penalty on deposits less than Rs. 5 Lacs withdrawn on or after completion of 12 months. 

some1anywhere wrote:

Nice. Also good is the fact that BOI mentions: NIL penalty on deposits less than Rs. 5 Lacs withdrawn on or after completion of 12 months. 

Yes, 0.5% before that 

Is this possible to get fd without saving account in boi ?

IndianDimer wrote:

My suggestion, Wait for 2 more days for new update on RBI repo rate, FD rates will definitely increase further 

I am waiting for 8% on icici normal non senior citizen fd otherwise will pour into 12℅ club

punjab_se wrote:
Is this possible to get fd without saving account in boi ?

It's a psu bank 

They are proving they are a "staff and senior only" bank... others should stay away, hidden message!

Agnivo007 wrote:

They are proving they are a "staff and senior only" bank... others should stay away, hidden message!

It's for all psu banks, not just BOI. And whatever employer gives to their employees on their own will shouldn't be a problem to any others i feel.

Best fd rate right now for bank?

bornsmart wrote:
Best fd rate right now for bank?

+1

I am waiting gor fd rates to touch around 8%

pranavcool wrote:

I am waiting gor fd rates to touch around 8%

May be December 

IndianDimer wrote:

May be December 

Lets see and wait one fd done so its done thats why bettr to wait

pranavcool wrote:

I am waiting gor fd rates to touch around 8%

https://www.desidime.com/discussions/unity-smal...
Bhagwan ne sun to li direct 9%....

dhinchakrohit wrote:
It's for all psu banks, not just BOI. And whatever employer gives to their employees on their own will shouldn't be a problem to any others i feel.

If you wish to flourish such employer-employee relation, dont use the Public Sector Undertaking moniker and feel that you are a government body. Public sector bank were envisioned for public's welfare and not for some speical gains to pvt personnel (bank employees only).

guanidine7865 wrote:
If you wish to flourish such employer-employee relation, dont use the Public Sector Undertaking moniker and feel that you are a government body. Public sector bank were envisioned for public's welfare and not for some speical gains to pvt personnel (bank employees only).

Even private banks have special rates for their employees.
Tata group (private group) gives special benefits to their employees buying selected Tata products.

dhinchakrohit wrote:
Even private banks have special rates for their employees.
Tata group (private group) gives special benefits to their employees buying selected Tata products.

Sir,
TATA as well as Pvt Banks also have different pay structures rewarding the performers and kicking out the non performers.
The performers are rewarded with higher hikes and lot of other perks and benefits.
But as I understand, PSUs have fixed increments and pay structures (equal rank - equal pay). So, its not a fair analogy.

guanidine7865 wrote:
Sir,
TATA as well as Pvt Banks also have different pay structures rewarding the performers and kicking out the non performers.
The performers are rewarded with higher hikes and lot of other perks and benefits.
But as I understand, PSUs have fixed increments and pay structures (equal rank - equal pay). So, its not a fair analogy.

Our topic was not salary or pay structure or performance. It's about privileges given to all employees by their employer irrespective of post & salary.

Hdfc bank gives 1% more interest in FD to all its employees.