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Interest Rate

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

Interest Rate

INTEREST RATES FOR MAR, 2019
Type of Deposit Account Nominal Interest
(Simple) Rate
p.a.
Actual Interest
(Effective) Rate
p.a.
Minimum
Opening Balance
Call Deposit 0.50% to 1.50% 0.50% to 1.51% P1000

Savings Bank Deposits

     
i. Star Savings Bank 1.00% to 2.50% 1.01% to 2.52% P100
ii. Teemane Savings Bank 1.00% to 2.50% 1.01% to 2.52% P10000
iii. Super Teemane Savings Bank 1.00% to 2.50% 1.01% to 2.52% P50000

Fixed Deposits**

     
91 Days 2.50% 2.53% P1000
6 Months 3.25% 3.30% P1000
12 Months 3.75% 3.82% P1000
24 Months 4.25% 4.33% P1000
36 Months & Above 4.50% 4.59% P1000
       

Prime Rate

6.50%  

 

** Interest Rates for BWP 250,000 and above are negotiable.

Contact below for more information:
Bank of India (Botswana) Ltd

Plot No: 1264, Ground Floor,
Old Lobatse Road, P/Bag 00111, Gaborone, Botswana
Ph. +267 3928506 / 3928516 Fax: +267 3928513
Email:Boi.Botswana@bankofindia.co.in
Website: www.bankofindia.co.bw