Fixed Deposit Rates Boc
As you know that a Fixed Deposit (FD) is an investment option offered by banks that gives you higher rate of interest than a regular savings account. By investing in an FD, you can achieve your financial goals comfortably due to higher returns offered by it.
- Fixed Deposit Rates Comparison
- Fixed Deposit Rates Icici
- Boc Fixed Deposit Rates For 3 Months
- Term Deposit Rates Bank Of China
- Boc Interest Rates Sri Lanka
EliteSaver - SGD Time Deposit Promotion (Release on 19 October 2020) BOC SuperSaver (Effective 1 August 2020) BOC SmartSaver (Effective 1 August 2020) BOC SmartSaver (Effective from 1 April 2019 to 31 July 2020) BOC SmartSaver (Ended on 1 December 2016) Gold Savings Account: SGD Savings Account: Multi-Currency Savings Account: Current Account. (b) Rates of interest for BFCA Fixed Deposits Exceeding one year period; Please note that over one-year foreign currency Fixed Deposit interest rates are only applicable for USD Fixed Deposits opened or to be opened under the Business Foreign Currency Accounts. US Dollars: Period: At Maturity: 2 Year: 3.25%: 3 Year: 3.75%: 4 Year: 4.25%: 5. Bank of Ceylon 1 Year Fixed Deposit This is a Rupee denominated deposit product that with interest paid at maturity for a 1 year term. The rate of 10.75% is 7.36% higher than the average 3.39%. Also it is -3.85% lower than the highest rate 6.90 Updated Jun, 2018. Senior Citizens (aged 60 years or more) are offered a higher fixed deposit interest rates by banks as compared to general public. They usually earn 0.25% to 0.75% higher interest compared to regular deposit rates for tenures ranging between 6 months to 10 years.
Highest Fixed Deposit Rates Monthly In Sri Lanka - Banks. As the bank FD rates in 2018, top bank for highest monthly FD rates is Cargills Bank as it offers highest interest rate for deposits with tenure of 3 months to 5 years. If you want to open a 12 months FD, Pan Asia Bank is the best bank as it offers a higher rate of 11.25%.
Bank Of Ceylon FD provides an option to deposit lump sum amount for a specific period, ranging from 7 days to 10 years. You can choose any of the tenures offered by Bank Of Ceylon FD according to your convenience and financial objective. As soon as you select the tenure and deposit the amount in Bank Of Ceylon_ FD, it will start earning an interest based on the tenure of the deposit. Customer is allowed to deposit lump sum money into a fixed deposit only once into his FD account at the time of opening the account with the bank and afterwards he cannot deposit additional money in the same FD account.
You can also get tax benefits under section 80C of the Income Tax Act on an amount between Rs. 100 to 1.5 lakh by investing in Bank Of Ceylon FD for a tenure of 5 years or more.
Following table provides you Bank Of Ceylon FD Rates of various tenors. Also, given below is the facility/ option, through which you can calculate the interest rate and the maturity value of your Bank Of Ceylon FD for different tenures by clicking on the 'calculate' button provided in the table.
Bank Of Ceylon Fixed Deposit Interest Rates (as on 06 Mar 2021)
| Maturity Period | Interest Rate (p.a.) | Calculate Interest Rate |
|---|
Features & Benefits: Bank Of Ceylon Fixed Deposit
- Competitive interest rates are offered with flexible FD tenures to suit your investment plan.
- FD account can be opened online or by visiting your nearest Bank Of Ceylon branch.
- No cap on the Maximum Amount of FD
- FD Tenures: 7 days to 10 years
- Different interest payout options such as monthly, quarterly, etc.
- Loan/ Overdraft against FD facility is available upto 85% of the FD amount.
- Easy and fast liquidity options are available.
- Nomination facility is available.
- Tax benefit of amount up to Rs 1,50,000, through tax saving term deposit scheme
- Part withdrawal facility and auto-renewal facilities are also available
- Senior citizens can enjoy higher interest rate as compared to regular citizens
- NRE, NRO and FCNR deposit facility is offered by the bank
Who is Eligible for Bank Of Ceylon Fixed Deposit
Any of the following persons is eligible to invest in fixed deposits (FD):
- Individual
- Minor
- HUF
- Proprietary Firm
- Partnership Firm
- Limited Liability Partnership (LLP)
- Company
- Association of Persons (AOP)
- Body of Individuals (BOI)
- Local Authority
- Trust
- Non-Resident Indian (NRI)
- Registered Society
Important Things to Know Before Investing in Fixed Deposits
- Always compare tenure-wise FD interest rates of different banks before finalizing the bank for opening an FD account, in order to get maximum interest rate on selected tenure.
- The tenure for most bank fixed deposits varies from 7 days to 10 years. You should choose the FD Tenure according to your convenience and objective behind investment.
- Opt for interest payout options such as monthly or quarterly, if required. Otherwise, choose cumulative option so that you can receive lump sum amount when FD gets matured.
- You can also avail loan or overdraft against FD, if you have immediate requirement of funds.
- If your annual income is non-taxable, you can submit Form 15G or Form 15H in order to avoid TDS.
- Don't forget to make nomination in your FD account.
- If you are a senior citizen then open your FD in a bank which offers extra interest of 0.25% to 0.75% to senior citizens.
- When you open fixed deposit online or offline, do not forget to give instructions on what to do on maturity of your FD. If you do not give any instruction, your fixed deposit will be renewed automatically on maturity.
Calculation of Interest on FD of Bank Of Ceylon
Interest on FD for different tenures is calculated in following manner:
- Simple interest is paid at maturity for fixed deposit tenure of less than 6 months.
- Interest is calculated on a quarterly basis for fixed deposit tenure of 6 months & above.
- Cumulative Interest/ re-investment interest is calculated every quarter, and is added to the Principal such that Interest is paid on the Interest earned in the previous quarter as well.
- In case of monthly deposit scheme, the interest shall be calculated for the quarter and paid monthly at discounted rate over the Standard FD Rate
Bank Of Ceylon FD Interest Calculator
Bank Of Ceylon FD Interest Calculator is an online financial tool that allows you to calculate the maturity value of your fixed deposit at the interest rate offered by bank. The amount of FD, interest rate, deposit tenure and compounding frequency of interest together determine the maturity amount of the FD at the end of the tenure.
Automatic Renewal of Bank FD
Bank FD matures on specific date. On maturity, if you have not given any specific instructions such as payout or renewal of FD, most of the banks automatically renew the FD for the same period for which it was initially made at the interest rate prevailing on the date of maturity of FD. This is called Automatic Renewal of Bank FD.
You should choose the option on the account opening form, if you do not want the bank to auto renew your FD. You have 2 options on the account opening form while depositing money in FD, first one is auto renew and second one is deposit of amount to your account after maturity. In case you have not mentioned any option on the account opening form then you will need to visit the bank branch on maturity day of your bank FD and opt for credit of the final proceeds of your bank FD into your savings account if you do not want an auto renewal of your FD.
Bank FD News Mar 2021
13-01-2020: SBI revised FD interest rate
SBI has announced a cut in retail fixed deposits of FD rates. The latest FD rates on SBI deposits is effective from 10th January 2020. The bank has cut the FD rates by 15 bps on long-term deposits maturing in 1 year to 10 years. Now FD interest rate for 7 to 45 days is 4.50%, for 46 to 179 days is 5.50%, for 180 days to 1 year is 5.80% and for 1 year to 10 years is 6.10%.
09-01-2020: Axis Bank reduced FD interest rate
Fixed Deposit Rates Comparison
Axis Bank reduced interest rates by up to 20 bps from January 9. FDs for less than Rs 2 crore and with the tenor of less than 1 year will earn 6.40%, for the tenor of 5 years to up to 10 years, FD rates is 6.50%.
07-01-2020: HDFC Bank deposits up by 25% (YoY) in 2019
The largest private sector lender HDFC Bank's deposits up by 25% (YoY) in 2019. Its deposits are at Rs 10.67 trillion as of December 31, 2019 growing by 25% as compared to Rs 8.52 trillion as of December 31, 2018..
24-12-2019: HDFC Bank revised FD interest rate
The revised rate for FDs maturing in 9 months 1 day to less than 1 year will be 6.05%. Term deposits maturing in 1 year to 2 years will fetch an interest rate of 6.3%, 2-3 years 6.40%, and 3 years to 10 years 6.3%.
01-12-2019: PNB cuts off FD rates
With effect from December 1, 2019, FDs for less than Rs 2 crore and the tenor of 271 days to below 1 year will be 6% for general customers and 6.5% for senior citizens. For the tenor of 5 years to up to 10 years, PNB has FD rates of 6.3% for general customers and 6.8% for senior citizens.
12-11-2019: ICICI Bank reduces FD interest rate
The interest rates on ICICI Bank FD for less than Rs 2 crore and the tenor of 185 days to 289 days will be 5.75%, for 5 years to up to 10 years will be 6.40% and 6.9% for senior citizens. Its interest rates will be effective from December 7, 2019.
Public Sector Banks FD Interest Rates
| Allahabad Bank | Andhra Bank | Bank Of Baroda |
| Bank Of India | Bank Of Maharashtra | Canara Bank |
| Central Bank Of India | Corporation Bank | Idbi Bank |
| Indian Bank | Indian Overseas Bank | Oriental Bank Of Commerce |
| Punjab National Bank | Syndicate Bank | Uco Bank |
| Union Bank Of India | United Bank Of India | Vijaya Bank |
| State Bank Of India | State Bank Of Mysore | State Bank Of Patiala |
| State Bank Of Travancore | State Bank Of Bikaner And Jaipur | Punjab And Sind Bank |
Private Sector Banks FD Interest Rates
| Axis Bank | Bandhan Bank Limited | Catholic Syrian Bank Limited |
| City Union Bank Limited | Dcb Bank Limited | Dhanalakshmi Bank |
| Federal Bank | Hdfc Bank | Icici Bank Limited |
| Idfc Bank Limited | Jammu And Kashmir Bank Limited | Indusind Bank |
| Karnataka Bank Limited | Karur Vysya Bank | Kotak Mahindra Bank Limited |
| Laxmi Vilas Bank | The Nainital Bank Limited | Rbl Bank Limited |
| South Indian Bank | Tamilnad Mercantile Bank Limited | Yes Bank |
| Equitas Small Finance Bank Limited | Ujjivan Small Finance Bank Limited | Utkarsh Small Finance Bank |
| Suryoday Small Finance Bank | Au Small Finance Bank Limited | Capital Small Finance Bank Limited |
| Esaf Small Finance Bank Limited | North East Small Finance Bank Limited | Fincare Small Finance Bank Ltd |
Personal Banking Customers who have taken up Integrated Account Service and place a 3-month or 6-month 'New Fund Preferential Time Deposit' with 'Eligible New Fund Balance'* of HKD10,000 / USD1,000 / RMB10,000 or above via internet banking or mobile banking, can enjoy preferential annual interest rates as follows:
Wealth Management customers :
| Currency | 3-month | 6-month | Application Channel |
|---|---|---|---|
| HKD | 0.20% | 0.25% | Internet Banking, Mobile Banking |
| USD | 0.10% | 0.10% | |
| RMB | 1.50% | 1.55% |
Enrich Banking customers :
| Currency | 3-month | 6-month | Application Channel |
|---|---|---|---|
| HKD | 0.15% | 0.20% | Internet Banking, Mobile Banking |
| USD | 0.05% | 0.05% | |
| RMB | 1.45% | 1.50% |
i-Free Banking customers :
Fixed Deposit Rates Icici
| Currency | 3-month | 6-month | Application Channel |
|---|---|---|---|
| HKD | 0.10% | 0.15% | Internet Banking, Mobile Banking |
| USD | 0.05% | 0.05% | |
| RMB | 1.40% | 1.45% |
Above preferential time deposit interest rate is quoted based on the time deposit interest rates of published on 6 March 2021 and is for reference only, customer can also contact BOCHK staff for updated preferential time deposit rate.
*“Eligible New Fund Balance” refers to the incremental balance when comparing the latest deposit balance with the balance of the same currency as of last month end, after deduction of the sum of principle amount of the same currency which has been entitled to all new fund offers of time deposit in current month. Time deposit new fund offer is applicable to sole name account only. The balance of all accounts, including Savings Accounts, Current Accounts and Time Deposits of the same currency of Sole name account will be counted towards the calculation of 'Eligible New Fund Balance'. In case of any dispute on the definition of 'Eligible New Fund Balance', the decision of BOCHK shall be final.
Example：
Latest deposit balance of a currency (A) | $200,000 |
Deposit balance of the same currency as of last month end (B) | $50,000 |
Incremental balance (A-B) | $150,000 |
Sum of principal amount of the same currency which has been entitled to new fund offer of time deposit in current month ( C ) | $30,000 |
Eligible new fund balance (A-B-C) | $120,000 |
Personal Banking Customers who have taken up Integrated Account Service and place a 1-month, 3-month, 6-month or 12-month Exisitng Fund Preferential Time Deposit of HKD10,000 / USD1,000 / RMB10,000 or above via internet banking or mobile banking, can enjoy preferential annual interest rates as follows:
Wealth Management customers :
| Currency | 1-month | 3-month | 6-month | 12-month | Application Channel |
|---|---|---|---|---|---|
| HKD | up to 0.05% | up to 0.15% | up to 0.20% | up to 0.35% | Internet Banking, Mobile Banking |
| USD | up to 0.01% | up to 0.05% | up to 0.05% | up to 0.10% | |
| RMB | up to 1.00% | up to 1.40% | up to 1.50% | up to 1.55% |
Enrich Banking customers :
| Currency | 1-month | 3-month | 6-month | 12-month | Application Channel |
|---|---|---|---|---|---|
| HKD | up to 0.05% | up to 0.10% | up to 0.15% | up to 0.30% | Internet Banking, Mobile Banking |
| USD | up to 0.01% | up to 0.05% | up to 0.05% | up to 0.10% | |
| RMB | up to 0.95% | up to 1.35% | up to 1.45% | up to 1.50% |
i-Free Banking customers :
Boc Fixed Deposit Rates For 3 Months
| Currency | 1-month | 3-month | 6-month | 12-month | Application Channel |
|---|---|---|---|---|---|
| HKD | up to 0.05% | up to 0.05% | up to 0.10% | up to 0.25% | Internet Banking, Mobile Banking |
| USD | up to 0.01% | up to 0.05% | up to 0.05% | up to 0.10% | |
| RMB | up to 0.90% | up to 1.30% | up to 1.40% | up to 1.45% |
Above preferential time deposit interest rate is quoted based on the time deposit interest rates of published on 6 March 2021 and is for reference only, customer can also contact BOCHK staff for updated preferential time deposit rate.
Personal Banking Customers who have taken up Integrated Account Service place a time deposit of original currency 1,000 (AUD, NZD, GBP, CAD) / original currency 10,000 (RMB) or above by conversion of funds enjoying the preferential annual interest rates as follows:
| Deposit Tenor | Preferential Interest Rate (p.a.) | Application Channel | |||||
|---|---|---|---|---|---|---|---|
| AUD | NZD | GBP | CAD | RMB | USD | ||
| 7-day | 7.80% | 7.80% | 8.80% | 8.80% | 6.80% | 5.00% | Internet Banking, Mobile Banking |
| 1-month | 2.00% | 2.00% | 2.00% | 2.30% | 3.50% | 1.00% | |
Set up Preferential RMB & FX time deposit now via Internet Banking or Mobile Banking with just a few clicks:
Login to Internet Banking > Banking > Time Deposit > Deposit Placing > Select placement of Time Deposit (Preferential RMB and FX Time Deposit)
(Both FX exchange and deposit placement should be conducted at the same time)
Personal Banking Customers who have taken up Integrated Account Service place a time deposit of original currency $1,000 or above by conversion of funds enjoying the preferential annual interest rates as follows:
| Number of actual deposit days | Corresponding deposit period | Preferential Interest Rate (p.a.) | Application Channel | |||
|---|---|---|---|---|---|---|
| AUD | NZD | CAD | GBP | |||
| 1 day - less than 7 day | 1-day | 0.01% | 0.01% | 0.01% | 0.01% | Internet Banking, Mobile Banking |
| 7 days - less than 1 month | 7-day | 0.02% | 0.02% | 0.02% | 0.02% | |
| 1 month - less than 3 months | 1-month | 0.05% | 0.05% | 0.03% | 0.03% | |
| Until the maturity | 3-month | 0.20% | 0.20% | 0.10% | 0.10% | |
Set up FX time deposit now via Internet Banking or Mobile Banking with just a few clicks:
Login to Internet Banking > Banking > Time Deposit > Deposit Placing > Select placement of Time Deposit (Foreign Currencies Flexi Time Deposit)
Personal Banking Customers who have taken up Integrated Account Service placing a 7-day or 1-month Preferential HKD Time Deposit Offerwith conversion of AUD, NZD, GBP or CAD funds, enjoying the preferential annual interest rates as follows:
| Deposit Tenor | Preferential Interest Rate (p.a.) | Application Channel |
|---|---|---|
| HKD | ||
| 7-day | 4.00% | Branch, Internet, Mobile, Manned Phone Banking Services |
| 1-month | 1.00% |
Set up Preferential HKD time deposit now via Internet Banking or Mobile Banking with just a few clicks:
Login to Internet Banking > Banking > Time Deposit > Deposit Placing > Select placement of Time Deposit (Preferential HKD Time Deposit)
(Both HKD exchange and deposit placement should be conducted at the same time)
Terms of the promotion offers:
- The above offers are only applicable to personal banking customers of Bank of China (Hong Kong) Limited ('BOCHK') who have taken up Wealth Management, Enrich Banking or i-Free Banking service (“Integrated Account Service“).
- Time deposits should be set-up on banking business days of Hong Kong. Deposits may not be uplifted before maturity. For a call deposit, maturity refers to the expiry of your notice of the agreed period to BOCHK. BOCHK may permit an early uplift subject to payment of BOCHK losses, expenses and charges (in the amounts determined by BOCHK). No interest will be payable on the deposit if an early uplift is permitted. Interest on a deposit is only payable at maturity. A deposit, which would otherwise mature on a non-business day (like Saturday, Sunday or public holiday), matures on next business day.
- Manned Phone Banking Services are only applicable to selected customers with designated transaction account. For details, please contact our branch staff.
- The above products, services and offers are subject to the relevant terms. For details, please refer to the relevant promotion materials or contact the staff of BOCHK.
- The preferential time deposit interest rate in this promotion material is quoted based on the interest rates of Hong Kong Dollars, RMB and Foreign Currencies time deposits published on 6 March 2021 by BOCHK and is for reference only. The preferential interest rate is a one-off privilege for each time deposit and the subsequent renewal rates of time deposits will be subject to the quotes by BOCHK from time to time.
- BOCHK reserves the right to amend, suspend or terminate the above products, services and offers, and to amend the relevant terms at any time at its sole discretion without prior notice.
- Offer is limited and available while quota lasts.
- In case of any dispute, the decision of BOCHK shall be final.
- Should there be any discrepancy between the English and Chinese versions of this promotion material, the Chinese version shall prevail.
Term Deposit Rates Bank Of China
Risk Disclosure:
Boc Interest Rates Sri Lanka
- RMB investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of RMB may result in losses in the event that the customer converts RMB into HKD or other foreign currencies.
- RMB is currently not fully freely convertible. Individual customers can be offered CNH rate to conduct conversion of RMB through bank accounts and may occasionally not be able to do so fully or immediately, for which it is subject to the RMB position of the banks and their commercial decisions at that moment. Customers should consider and understand the possible impact on their liquidity of RMB funds in advance.
- Foreign currency investments are subject to exchange rate fluctuations which may provide both opportunities and risks. The fluctuation in the exchange rate of foreign currency may result in losses in the event that customer converts the foreign currency into Hong Kong dollar or other foreign currencies.