Bank of India Savings Account, 2021

Suggested Read: Bank of India Salary Account – Types

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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).

Features of BOI Savings Account 

1. Star Suraksha SB Plus Account 

2. Savings Bank Ordinary Account

3. BOI Savings Plus Scheme

*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

5. Diamond Saving Bank Account

*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

7. BOI Star Mahila SB Account

8. BOI Star Senior Citizen SB Account

9. SB Account for Pensioners

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:

• Download the BOI account opening form (click here to download)
• After downloading the form, you need to fill the application form, print it and then sign it
• After that, you need to attach all the required documents stated in the previous section
• All documents should be duly attested and verified by known bankers / Indian Embassy
• Submit to your nearest branch

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

What is the minimum balance required to keep in a Bank of India savings account?

Customers need to maintain an Average Quarterly Balance in the following branches (region-wise):

• Rural/Semi-Urban – Rs. 500
• Metro/Urban – Rs. 1,000

What is the interest rate for the Bank of India savings account?

Currently, customers can earn interest @2.90% p.a.

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

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

Is there any COVID support number for the customers of the 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 levy zero charges in such cases.