Bank of India Savings Account 2025

Types of Bank of India Savings Account	Primary Features
Star Suraksha SB Plus Account	Average Quarterly Balance (AQB) – Rs.500 Personal Accidental Death Insurance Cover – Rs.50,000
Savings Bank Ordinary Account	Initial Deposit & AQB – Rs. 500 (For Cheque Book Operated Accounts) Unlimited ATM transactions (Only at BOI ATMs)
BOI Savings Plus Scheme	AQB – Rs. 1 lakh (Savings Account) & Rs. 25,000 (Term Deposit) Auto Sweep Facility Available
BOI Super Saving Plus	Auto Sweep Facility Nomination Facility Available
Diamond Savings Bank Account	Free Issuance of International Platinum card No Initial Deposit
BOI Star Yuva Account	Complimentary Personal Accident Insurance Internet & Mobile Banking available
BOI Star Mahila SB Account	Exclusive Account for Women Average Quarterly Balance – Rs. 5000
BOI Star Senior Citizen SB Account	Average Quarterly Balance – Rs. 10000 Group Personal Accident Death Insurance – Rs. 5 lakh
SB Account for Pensioners	Zero Balance Savings Account Group Personal Accident Death Insurance – Rs. 5 lakh

Suggested Read: Bank of India Salary Account – Types

The following persons can open a savings account with the Bank of India:

• Residents of India
• Minors (under guardianship; legal/natural)
• Illiterate persons can also open an account with BOI. However, they need to visit the bank personally to provide a thumb impression that is to be attested by an approved witness(es).
  

1. Star Suraksha SB Plus Account 

Star Suraksha SB Plus Account	Features
Initial Balance	Rs. 500
Average Quarterly Balance requirement	Rs. 500
Interest Rate	2.90% p.a.
Personal Accidental Death Insurance Cover	Rs. 50,000 (Premium Paid by Bank)
Eligibility Criteria	Individuals, except Minors, NRIs and accounts under Diamond Category

2. Savings Bank Ordinary Account

Savings Bank Ordinary Account	Features
Initial Balance & Average Quarterly Balance requirement	Rs.500/- for Cheque book operated and Rs.100/- for non-cheque book accounts
Internet Banking Facility	Available
Nomination Facility	Available
Eligibility Criteria	Individual, Illiterate Persons, Blind persons, Minors, Associations, Clubs, Societies, etc. Trusts, Institutions/Agencies specifically permitted by the RBI

3. BOI Savings Plus Scheme

BOI Savings Plus account is a mix of savings bank account and term deposit account and aims to maximize the customer’s earnings without hampering the liquidity of their funds.

BOI Savings Plus Scheme	Features
Minimum Balance Requirement	Rs. 1 lakh in Savings Account Rs. 25,000 in Term Deposit
Auto Sweep Facility	Yes
Interest Rate	—
Nomination Facility	Available
Eligibility Criteria	Resident Indian

*Rate of Interest on the SB portion would be as applicable to the regular SB deposits, while the Rate of Interest on the SDR/DBD portion will depend on the tenure for which each deposit is placed, and at the ruling Interest Rate as on the date the deposit is placed or renewed.

4. BOI Super Saving Plus

BOI Super Saving Plus	Features
Initial Balance	Rs. 20 lakh
Average Quarterly Balance requirement	Rs. 5 lakh
Period of Deposit	Less than 6 months
Nomination Facility	Available
Eligibility Criteria	All those who can open Savings Account are eligible to open this account

5. Diamond Savings Bank Account

Diamond Savings Bank Account	Features
Initial Balance	NIL
Average Quarterly Balance*	Rs. 1 lakh & above
Debit Card	Free Issuance of International Platinum card
Free Group Personal Accidental Death Insurance Cover	Rs. 5 lakh
Other Features	Free issue of cheque book Free NEFT/RTGS through internet banking Free issue of credit card to primary and joint account holders Free SMS alerts

*Up-gradation and down-gradation of tiered Savings Bank Account every quarter by the system on the basis of AQB maintained in the last quarter. The system extends the benefits automatically if accounts fall under the Diamond category and vice-versa.

6. BOI Star Yuva Account

BOI Star Yuva Account	Features
Average Quarterly Balance Requirement	Age group 21-35 years:- Rs.5,000/-in Metro/Urban Branches Rs. 2500/- in Semi-urban/Rural Branches
Internet & Mobile Banking Facility	Available
Personal Accident Insurance	Complimentary Cover up to Rs.50,000 (Age group of 18-21 years) Rs. 5 lakh cover (After 21 years)

7. BOI Star Mahila SB Account

BOI Star Mahila Account	Features
Average Quarterly Balance Requirement	Rs. 5000
Internet Banking Facility	Available
Group Personal Accident Death Insurance	Cover of Rs.5 lakhs (Premium paid by Bank)
Eligibility Criteria	Women (18 years of age and above) Including salaried employees, self-employed professionals like entrepreneurs, doctors, etc. and women with independent source of regular income like rentals, etc.

8. BOI Star Senior Citizen SB Account

BOI Star Senior Citizen SB Account	Features
Average Quarterly Balance Requirement	Rs. 10000
Internet Banking Facility	Available
Group Personal Accident Death Insurance	Cover of Rs.5 lakh (Premium paid by Bank)
Eligibility Criteria	Citizens above 57 years of age Senior citizens drawing pension from other banks

9. SB Account for Pensioners

BOI SB Account for Pensioners	Features
Minimum Balance Requirement	Zero Balance Savings Account
Internet Banking Facility	Available
Issuance of DD/Payslips	Free 6 DD/ Payslips per Quarter
Eligibility Criteria	All Pensioners drawing pension from Bank of India irrespective of age

If you are planning to open a savings account with Bank of India, then it becomes necessary to be aware of the BOI Savings account documentation. Listed below are the essential documents required with your recent photographs to open a BOI Savings account.

1. Proof of Identity (any one):

• PAN Card (Mandatory)
• Aadhaar Card (Mandatory)
• Passport
• Voter ID card
• Defence ID card
• ID cards of reputed employers
• Driving Licence

2. Proof of Address (any one):

• Aadhaar Card
• Credit Card Statement
• Salary slip
• Income/Wealth Tax Assessment Order
• Electricity Bill
• Telephone Bill
• Bank account statement
• Letter from reputed employer
• Letter from any recognized public authority
• Ration Card

You can easily open a Bank of India Savings Account in the following way:

1. Download the BOI account opening form
2. After downloading the form, you need to fill the application form, print it and then sign it
3. After that, you need to attach all the required documents stated in the previous section
4. All documents should be duly attested and verified by known bankers / Indian Embassy
5. Submit to your nearest branch

For any queries, you can also contact the Bank of India on the following numbers

Bank of India Phone Banking Numbers

1800 103 1906 (toll-free) or 91-22-40919191 (chargeable)

What should be the minimum balance in BOI savings account?

The minimum Average Quaterly Balance (AQB) in BOI savings account (Savings Bank Ordinary Account) should be Rs. 500 (for rural/semi-urban areas) and Rs. 1,000 (for metros/urban areas)

What is BOI savings account interest rate?

Currently, customers can earn interest @2.75% p.a. on the BOI savings account for amount up to Rs. 1 lakh.

What is the toll-free customer care number of Bank of India?

Customers can get their queries solved/registered at the toll-free number 1800 103 1906.

Is there any COVID support number for the customers of Bank of India?

Yes, BOI has extended a toll-free Covid support service @ 1800 220 229.

Does BOI levy charges for non-maintenance of minimum balance in inoperative accounts? 

No, BOI does not levy any charges in such cases.

Note: The information on this page may not be updated. Kindly refer to the bank website to check the latest information.