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Star Short 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 Short Term Deposits

Our Star Short Term Deposits are designed for customers to earn better interest for a shorter period of time. The key features of this 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 30 days
Maximum period of Deposit 179 days
Minimum Deposit P1000
Interest Rate(s) As per prevailing Interest rate
Calculation of Interest Interest on daily basis
Payment of Interest Upon Maturity
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