Types of Bank of India Credit Cards
Bank of India
Bank of India is a financial services provider commercial bank founded in the 1906 on September 7th. It has its head-quarters in Mumbai, Maharashtra, India. It is a type of a public company providing retail as well as commercial banking facility to the consumers. It has a total of above 4545 bank-branches controlled through 50 Zonal offices.
The Indian Financial System Code or the IFSC code is a unique alphanumeric code that specially identifies the branch of the bank that is involved in Electronic Fund Transfers. Every bank-branch has a varied IFSC code providing a unique identification to each branch.
Types of Bank of India Credit Cards
Bank of India offers the best-in-class credit card options to its customers. Each credit card has a special feature that caters to all the financial needs of the consumers. The different types of credit cards are as follows:
Visa Gold Card: This card supports revolving credit facility and provides credit free from any kind of interest. Bill payment facility and cash advance facility are also incorporated.
Visa Gold Card International Card: This card supports higher access of cash globally, interest free credit, emergency card replacement and also revolving credit facilities.
Visa Platinum Privilege Card: This is used in both Domestic and International markets with a photo and signature of the card-holder.
Taj Premium Card: This is a free of charge card that is provided to Taj members enabling them to enjoy several dining privileges.
India Card: This card is valid in India, Nepal and Bhutan and is free. It has flexible credit limits and provides reward points on spends.
Credit Card Statement
Monthly credit card statement is given to all clients of Bank of India either in a physical or in an electronic format.
Bank of India offers a wide variety of Savings Bank Accounts to the customer that takes care of their savings. They are:
Star Diamond Savings Account.
BOI Savings Account
BOI Super Saving Plus
Star Power Salary Account
BOI Star Mahila SB Account
BOI Salary Plus Account Scheme
BOI Savings Plus Schemes
BOI Savings Account(no frills)
Jai Jawan Salary Plus Account
Star Suraksha SB Plus Account
BOI Star Gurukul SB Account
All the above types of Savings Accounts earn 4% interest rate per annum that is applicable twice in a year in February and August.
Bank of India Fixed Deposit Interest Rates
Bank of India offers special and exciting fixed return on all the investments of the consumers in the form of fixed deposits. The rate of interest varies for different term deposits. These are:
Fixed Deposit Rates for Short-term Deposits: The rate of interest for short-term deposits ranges from 4.5% to 8.25%.
Fixed Deposit Rates on medium and long-term deposits: The fixed deposit interest rates for medium and long term deposits are constant at 8.9% applying on holdings up to 5 years.
Fixed Deposit Rates for Senior Citizens: For senior citizens, the interest rate has an increase of 0.50% making them 8.75% that remains constant for short-term holdings.
Bank of India NRI Banking
Apart from many domestic banking services, Bank of India also provides international services to all Non-Resident Indians. These are:
Foreign Currency Non-Resident(FCNR) Accounts
N.R.E.(Non-Resident External) Accounts
Again, the NRIs can deposit their savings under these two schemes:
NRE Accounts: It is a type of savings, current and term deposit account whose currency is Indian Rupees that is completely repatriable.
FCNR Accounts: It is a type of term deposit, where the currency used is USD, GBP, EUR, JPY, AUD, and CAD that is fully repatriable.
Bank of India Home Loans
Bank of India offers a wide range of home loans that caters to all the home related needs and requirements of the customers at very competitive rates. These loans can be taken to buy, renovate or repair the house at an interest rate calculated on a daily basis. The type of home loan scheme is as follows:
Star Home Loans: This scheme provides loans for buying a new house, purchasing a plot for construction of a house, renovation of the existing home involving no administrative charges. It provides loan at a comparatively low rate as compared to the market. It also provides free insurance cover to the loan-holder.
Bank of India types of Loans
Bank of India offers a wide variety of loans that are best-in-class and satisfies almost all the basic needs of the consumers. The different loans are:
Star Educational Loan
Star Holiday Loan
Star Home Loan
Star Mortgage Loan
Star Mitra Personal Loan
Star Pensioners Loan Scheme
Star Personal Loan
Bank of India Internet Banking
BOI enables its customers to indulge in many internet banking services available to them 24/7 and 365 days a year. For a successful net-banking to take place, the consumers have to just register themselves on the BOI website and thereon they can enjoy net-banking facility at the comfort of their home. The different services offered are:
Payment of Bills
Inter-bank transfer of funds
Payment of various taxes
Booking of air, or train tickets
Types of Bank of India Credit Cards Bank of India Bank of India is a financial services provider commercial bank founded in the 1906 on September 7th. It has its …
American Express Credit Card financial services in India American Express, popularly called Amex, is a global financial services institution founded in the year 1850 in Buffalo, New York City. It …
Information of Bank of India History of Bank of India: Bank of India was founded on 7th September, 1906 by a group of eminent businessmen from Mumbai. The Bank was …
Information of bank of Baroda Information of Bank of Baroda : Brief History of the bank Bank of Baroda is an Indian state-owned International banking and financial services company headquartered …
Information of Andhra Bank Information of Andhra Bank: Brief History of the bank “Andhra Bank” was founded by the eminent freedom fighter and a multifaceted genius, Dr. …
Information of Allahabad Bank: Established on: April 24, 1865 Head Quarter: Kolkata, India Number of Branch: 3,248 branches (Sep-2017) Key Person: CEO, Usha Ananthasubramanian (May 6, 2017–), Usha Ananthasubramanian …
Banker obligations to honour the cheques Obligations to honour the cheques : The deposits accepted by a banker are his liabilities repayable on demand or otherwise. The banker is, therefore, …
DEFINITION OF BANKER AS PER BANKING COMPANIES ACT OF INDIA DEFINITION OF BANKER AS PER BANKING COMPANIES ACT OF INDIA Definition of Banker Till the passing of the Indian Companies …
List of all the acts related to Bank in India 1. Negotiable Instrument Act– 1881 2. The Bankers’Books Evidence Act– 1891 3. The Reserve Bank of India Act– 1934 4. …
Laws of Banking in India 1. Evaluation of Banking Law in India Banking as a business has its own distinctive features when compared with all other trade and business. …
Certificate of Deposit (CD) Certificate of Deposit (CD) implies an unsecured, securities industry instrument, issued by the financial organisation| or financial institution, either in demat type or as a usance …
Top 10 Biggest Banks In India for 2018 Top 10 Biggest Banks In India for 2018 1. State Bank Of India Type: Public Industry: Banking, Financial services Founded: 2nd June …
INDIA BANKING REGULATION ACT, 1949 The law governing the working and functions of banks in India was .passed in 1949 and named as the Banking Regulation Act, 1949. Before passing …
BANK OF INDIA ACT, 1934 The Reserve Bank of India Act was passed in 1934 to establish the Reserve Bank of India which is the guardian of the banking system …