How much will Rs 1 lakh in Bank of India's FD yield in 400 days?

Fixed deposits (FDs) are one of the most popular investment options for Indian investors looking for guaranteed returns.

Bank of India, one of the leading public sector banks in India, offers FDs with attractive interest rates.

Here are the expected returns on a Rs 1 lakh Bank of India FD for 400 days (approximately 1 year and 1 month):

For regular citizens

Bank of India offers FDs at interest rates ranging from 3.00% to 7.25% per annum for regular citizens.

At 3.00%, the lowest rate, your Rs 1 lakh FD will earn interest of Rs 3,000. At 7.25%, the highest rate, your interest earnings will be Rs 7,667.

For senior citizens

Senior citizens enjoy higher FD rates at Bank of India. The rates range from 3.00% to 7.75% per annum.

So on an FD of Rs 1 lakh, a senior citizen can earn an estimated Rs 3,000 at 3.00% or Rs 8,250 at 7.75% for a 400 day period.