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Penalty Details
Sr No. Effective Date Amount of Deposits Remarks


All fresh and renewed Domestic Rupee Term deposits for Rs.1 Cr & above

Penalty waived



All fresh and renewed Domestic Rupee Term deposits for Rs. 25 Lacs and above.

Penalty waived



All fresh and renewed Domestic Rupee Term deposits

Penalty waived



All Domestic Rupee Term Deposits of Rs.1 Cr & above received / renewed on or after 27.06.2011.

Penalty imposed



All fresh and renewed deposits Domestic Rupee Term Deposits

Penalty waived



Premature withdrawal of NRE Rupee Term Deposits:-
In the occurrence of premature withdrawal on NRE Rupee Term deposits-

  • If the NRE deposit has not run for a minimum stipulated maturity (presently twelve months) no interest is payable.

For Term Deposits opened / renewed on or after 09.02.2015 - NRE Deposit prematurely withdrawn after 12 months but before original maturity, the Interest will be payable at a rate applicable on the date of acceptance of the deposit, to the period for which deposit remained with the Bank or the contracted rate whichever is lower.



Penalty on Premature withdrawal of fresh and renewed Domestic, NRO & NRE Rupee Term Deposits w.e.f. 01.04.2016
Applicable for Domestic & NRO Term Deposits –

  • Nil Penalty - Deposits less than Rs. 5 Lacs withdrawn on or after completion of 12 months


  • Penalty @0.50% - Deposits less than Rs. 5 Lacs withdrawn prematurely before completion of 12 months
  • Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely


Applicable for NRE Term Deposits –

  • No interest payable for NRE Term Deposits remained with the Bank for less than 12 Months & hence, No Penalty.
  • Nil Penalty- Deposits of less than Rs.5 Lacs remained with the Bank for 12 Months and above


  • Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months


Announcement        Start | Stop

BOI Financial Results 30.06.2017

Press Release from IBA new

Integrity Pledge Count new

Public Notice for Unclaimed Dividend

List of Wilful Defaulters

With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017

All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.

Annual Report 2017

We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new

MCLR w.e.f. 10.08.2017

Empanelment Of Sarfaesi Valuers

Details of unpaid / unclaimed Dividend

As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.

Base Rate revised to 9.55% w.e.f 31.03.2017

List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone

Change of Registrar and Share Transfer Agent

Notice to CD Customers

Notice to Customers

Notice to SB Customers

ATM transactions for savings Bank A/c Customers

Notice for our DEMAT Account Holders

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Penalty Details