Bank of India - USA
Currency Upto $ 5,000
Value(INR)
72.40
Currency Over $ 5,000 and upto $ 25,000
Value(INR)
72.45
Currency Over $ 25,000 and Upto $ 100,000
Value(INR)
72.50
Currency Above $ 100,000
Value(INR)
Pls Call 212 223 1160 (Dealing Room)
What is a Certificate of Deposit | A Certificate of Deposit, also called a CD Account, is a secured investment option, denominated in US Dollars, earning a fixed rate of interest for the entire period of deposit and is used by individuals and business entities. | ||||||||||||||||||||||||||||||||||||
Who can open such an account | Individuals (Single Accounts / Joint Accounts) and Corporates | ||||||||||||||||||||||||||||||||||||
Deposit Amount |
Minimum amount accepted is USD 2,000.00 for a period of 30 days to 360 days. Deposits up to USD 250,000.00 are FDIC insured. |
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Maturity Period or Tenure of the Deposit Account |
Minimum period of 30 days to a maximum period of 360 days (1 year). Upon maturity, in absence of any other instruction, your CD is auto-renewed for the same period, at the prevailing rate of interest on the date of renewal. |
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Rate of Interest |
Rate of Interest w.e.f. 10/14/2020
Retail Certificate of Deposits
|
Period | CD Rate of Interest in % per annum on 365 days basis | Annual Percent Yield (not considering rollover of deposit) |
---|---|---|
180 days | 0.50 | 0.50 |
270 days | 0.60 | 0.60 |
30 days | 0.25 | 0.25 |
365 days | 0.75 | 0.75 |
90 days | 0.35 | 0.35 |
(DEPOSITS ARE FDIC INSURED UPTO USD 250,000)
Period | CD ROI% per annum on 365 Days Basis (proposed) w.e.f 12/01/2020 | Annual Percent Yield (not considering roll over of deposit ) |
30 days | 0.10 | 0.10 |
90 days | 0.10 | 0.10 |
180 days | 0.20 | 0.20 |
270 days | 0.20 | 0.20 |
365 days | 0.25 | 0.25 |
(DEPOSITS ARE FDIC INSURED UPTO USD 250,000)