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Double Benefit Term Deposit
 
Double Benefit Deposits provide a higher yield on the principal at the end of the stipulated period as the interest is compounded on quarterly basis; but, the principal and the accrued interest is paid only at the end of the period for which the deposit is placed with the Bank and not monthly or half-yearly as in the case of other types of deposits. This scheme is useful for short term and medium term investment ordinarily ranging from 12 months to 120 months.
KYC ( Know Your Customer) Norms for opening account are applicable for these accounts also hence proof of residence and proof of identification will be required along with recent photograph of the depositor/s

Types of Accounts
The accounts may be opened in the names of :
  • Individual — Single Accounts
  • Two or more individuals — Joint Accounts
  • Sole Proprietory Concerns
  • Partnership Firms
  • Illiterate Persons
  • Blind Persons
  • Minors
  • Limited Companies
  • Associations, Clubs, Societies, etc.,
  • Trusts
  • Joint Hindu Families (accounts of non-trading nature only)
  • Municipalities
  • Government and Quasi-Government Bodies
  • Panchayats
  • Religious Institutions
  • Educational Institutions (including Universities)
  • Charitable Institutions
Period and Amount of Deposit

Deposits under Double Benefit Deposit Scheme are accepted for a fixed period from six months upto a maximum period of 120 months. These deposits, on maturity are repayable with interest compounded on quarterly basis. These deposits may be accepted even for periods where the terminal quarter/half year is incomplete.
 
 
 
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Notice for Customer


Analyst Presentation for the Nine Months ended 31.12.2013


Bond Book Closure


Corporate Social Responsibility


We are proud to inform that our Nairobi Branch is now ISO certified with ISO 9001:2008 (2013-2016) for Provision of Banking Services


The bank never asks any confidential information to customers such as: ATM card no., credit card no. ATM pin, user id of internet banking, login password, transaction password, account number, etc. If such information is asked over phone or mobile or through email, avoid disclosing such confidential information to the caller. In such cases Customers are requested to bring this to the notice of their parent branch/call centre


FESTIVE OFFER ON HOME LOAN EXTENDED UPTO 31.03.2014.


Rate of Interest slashed & 100% Processing charges waived in Home Loan till 31.03.2014.


Notice for esteemed customers regarding 'CTS-2010' Standards Cheques Forms

As per RBI directive PIN is required for debit card PoS transactions on domestic terminals from 1.10.13.


Financial Results for the quarter ended June 2013


Presentation for Q1 2013-14


Press Release



Cash withdrawal limit through ATMs has been increased from Rs.15000/= to Rs.25000/= w.e.f. 01/06/2013



International Card transactions temporarily blocked


BANKS PRIME LENDING RATE (BPLR) W.E.F. 09.02.2013 to 14.50%p.a


To extend the benefit of exercising another option to join the existing pension scheme in terms of Joint Note dated 27.04.2010 to Officers / Family Members of deceased Officers who had taken voluntary retirement from Bank's service on or after 29.09.1995 under Regulation 19(1) of Bank of India Officers' Service Regulations 1979


Public Notice for BOI Customer.


Cash Retraction feature has been disabled on all BOI ATMs in terms of RBI guidelines.


Interest Subsidy for Education Loans

Notice for Debit and ATM cardholders

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Double Benefit Deposit