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Star Fixed Term Deposits

Announcements

Bank of India sets its foot prints in Botswana.

Bank of India launches its fully owned subsidiary.

Bank of India (Botswana) Ltd. opens its branch in Gaborone on 9th August, 2013.

Exchange Rates

Star Fixed Term Deposits

Our Star Fixed Term Deposit is a great product where customer can earn higher returns by keeping the funds for a fixed period. Special rates are available for deposits above P5 mn. The key features of the product are:

Who can Open? Individuals, Group of Individuals, Proprietorship Firms, Partnership Firms, Limited Companies, Associations, Trusts, Societies, Corporate Entities, etc.
Account to be opened in (currencies) BWP, ZAR, USD, EURO & GBP
Minimum period of Deposit 6 Months
Maximum period of Deposit 36 Months
Minimum Deposit P1000
Interest Rate(s) As per prevailing Interest rate
Calculation of Interest Interest on daily basis
Payment of Interest Upon Maturity
Provision for Pre Mature Closure Yes
Pre Mature Closure Interest 1% less than the applicable rate
Joint Account Operations Permitted
Provision for Marking Lien and sanction of loans against TDRs Yes