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BOI Savings Plus Scheme

Star Savings Account to Maximise Earnings

BOI Savings Plus combines the benefits of Savings 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 1,00,000/-
Sweep out Amount for making FFDs	In multiples of Rs 25,000/- Viz. Rs 25000/-, Rs 50000/-, Rs 75000/- and so on
Frequency of Sweep out	Weekly Basis Customers have the option to choose starting date for Sweep out, with later dates being at weekly frequency. (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 25,000/- from FFD to linked Savings Account, to meet liquidity requirement of linked Savings Account
Rate of Interest	On Savings component: As notified by Bank from time to time On FFDs: Card rates as applicable
Charges for non maintenance of stipulated balance	Rs 200/- per quarter, in case of failing to maintain AQB of Rs 1,00,000/-

# In case the balance in the SB portion is short of the required level to meet liquidity requirements of the account, funds from SB Plus portion will be auto swept in into the SB portion, in multiples of Rs. 25,000/-.
TDS norms would apply as per extant guidelines.

In case of FFDs of BOI Savings 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 of Rs 1,000/- . The new FFDs shall be created and shall operate as per modified guidelines
FFDs for BOI Savings 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.