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Bank of India - USA
Currency Upto $ 5,000
Value(INR)
78.25
Currency Over $ 5,000 and upto $ 25,000
Value(INR)
78.30
Currency Over $ 25,000 and Upto $ 100,000
Value(INR)
78.35
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 365 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 365 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 |
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 | 0.55 | 0.55 |
| 30 days | 0.25 | 0.25 |
| 365 days | 1.00 | 1.00 |
| 90 days | 0.30 | 0.30 |
(DEPOSITS ARE FDIC INSURED UPTO USD 250,000)
| Period | CD ROI% per annum on 365 Days Basis | Annual Percent Yield (not considering roll over of deposit ) |
| 30 days | 0.10 | 0.10 |
| 90 days | 0.10 | 0.10 |
| 180 days | 0.10 | 0.10 |
| 270 days | 0.10 | 0.10 |
| 365 days | 0.20 | 0.20 |
(DEPOSITS ARE FDIC INSURED UPTO USD 250,000)