I am so sorry buddy but the Interest Rate of the Double Benefit Term Deposit of Bank of India is given nowhere so here I am providing you contact detail of Bank of India you contact to them and ask them about the Interest rate:

Bank of India
Star House
C - 5, "G" Block,
Bandra Kurla Complex,
Bandra (East),
Mumbai 400 051.
Ph: 022-66684444


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.


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.