Current Deposit Plus Scheme

BOI Current Plus combines the benefits of Current Account and Term Deposit. It automatically sweeps surplus funds on defined dates into higher interest Fixed Deposits (FDs) to maximize earnings without locking up liquidity, thereby offering customers the advantages of both products.

Parameters Features with effect from 20.05.2026
Threshold limit for Sweep out for making FFDs Rs 5,00,000/-
Sweep out Amount for making FFDs In multiples of Rs 1,00,000/-
Viz. Rs 1,00,000/-, Rs 2,00,000/- and so on
Frequency of Sweep out Fortnightly Basis (Every 14 days)

Customers have the option to choose starting date for Sweep out, with later dates being at frequency of 14 days (In case the sweep out date in later cycle falls on a holiday, sweep out for creating FFDs shall take place on next working day)
Period/ Tenor of FFD Customers have the option to choose from 7 days to up to 364 days
Frequency of Sweep In # In multiples of Rs 1,00,000/- from FFD to linked Current Account, to meet liquidity requirement of linked Current Account
Rate of Interest On Current deposit component: NIL
On FFDs: Card rates as applicable
Charges for non maintenance of stipulated balance Rs 1000/- per quarter, in case of failing to maintain AQB of Rs 5,00,000/- (viz. Threshold limit for Sweep out for making FFDs)

# In case the balance in the Current account portion is short of the required level to meet liquidity requirements of the account, funds from Current Plus portion will be auto swept in into the Current Account, in multiples of Rs. 1,00,000/-.
TDS norms would apply as per extant guidelines.

  • In case of FFDs of BOI Current Plus created before 20.05.2026, such FFDs shall be allowed to complete the term (unless closed prior by way of complete Sweep-in) with no renewal/ autorenewal; with Sweep-in amounts in multiples as defined at time of creation of these FFDs. The new FFDs shall be created and shall operate as per modified guidelines
  • FFDs for BOI Current Plus will not be subject to renewal/ autorenewal. Sweep-in shall be on LIFO (Last In First Out) basis. The FFDs will be closed on maturity (or complete Sweep-in, whichever, is earlier). However, Customers shall continue to get benefit as New FFDs can be again created by way of sweep-out on defined date