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Tuesday, 22-May-2012
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Housing Loans to NRIs/ PIOs
NRI Deposit Scheme
NRI Yield Enhancing Scheme
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FAQ'S On Tax Pertaining to NRI's
FAQ's On Edu. Cess & Secu. Trans. Tax
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  NRI Deposits Schemes
PARTICULARS
FCNR /
NRE

Taxation (Indian taxes)

Exempt from income and wealth tax

Exempt from income and wealth tax

Liquidity

Easy pre-mature encashment facility

Easy pre-mature encashment facility

Automatic renewal facility   (ARS)

Available on signing of ARS agreement

Available on signing of ARS agreement

Safe custody facility

Available on request; compulsory with ARS

Available on request; compulsory with ARS

Renewals

Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date

Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date


For more details, please contact our nearest NRI branch.

Rules governing Non-Resident deposits are guided by regulations of Reserve Bank of India and rules formulated by our Bank from time to time. These are subject to change without notice.

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    Announcement

    Watch recorded webcast for Press Meet 30.04.2012

    Watch recorded webcast for Analyst’s Meet 30.04.2012

    Analyst Presentation for 31.03.2012

    Financial Result for year ended 31.03.2012

    Any complaint regarding NEFT transactions during 20.02.2012 to 6.03.2012 may be escalated to email ID Special.NEFT@bankofindia.co.in or on telephone No. 022-22886680 for immediate resolution.

    Chairman & Managing Director's Message & Address

    Bank has decided to decrease the Bank’s Base Rate from 10.75% p.a. to 10.50%p.a. and BPLR from 15.00% p.a. to 14.75% p.a. with effect from 01.05.2012


    Interest Subsidy for Education Loans

    The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

    Pension Calculator is available on Knowledge Portal front page

    Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

    Notice for Debit and ATM cardholders

    Forex Card Rate
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