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Fixed/Short Term Deposit
 
Mode of calculation of Interest on Short Deposits and Fixed Deposits for periods less than 12 months :
Short Deposits
On deposits repayable within six months
(Short Deposits)
Interest should be paid for the actual ___________ number of days on the basis of 365 days in a year
Fixed Deposits
On Deposits repayable after six months
(Fixed Deposits)
where the terminal month is complete or incomplete
Interest will be calculated for the completed months and where the terminal month is incomplete- the actual number of days on the basis of 365 days in a year.

KYC ( Know Your Customer) for opening account is applicable for these accounts hence proof of residence and proof of identification will be required alongwith recent photograph of the depositor/s

Need to open Savings Bank Accounts

It is desirable that the Term Deposit account holders also maintain Savings Bank accounts with the Bank so as to avoid delay in disbursement of interest on term deposits or inconvenience to the depositor to call on the Branch to collect interest.

``For the benefit and convenience, may we suggest that you open a Savings Bank Account with us and give us instructions to credit thereto, half yearly interest on this Term Deposit Receipt. Your interest will earn interest.''
 
 
 
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Extra ordinary General Meeting


The Bank's press release for the quarter ended 30th June 2014


Outcome of the 18th Annual General Meeting


OTP for Internet transactions with credit card


Notice for Customer


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


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.



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


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

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Fixed Deposit