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Bank of India Raises Fixed Deposit Rates, Launches 500-Day Special Scheme

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Bank of India Raises Fixed Deposit Rates, Launches 500-Day Special Scheme

Analysed 2 Nov 2026·4 sources analysed·India·Business
Bank of India Raises Fixed Deposit Rates, Launches 500-Day Special SchemePreviousNext

Bank of India has increased fixed deposit interest rates for tenures between one and three years, effective November 2, 2026, following the RBI's repo rate hike. The bank introduced a special 500-day fixed deposit scheme called Star Akshay, offering 6.85% annual interest for general customers, 7.35% for senior citizens, and 7.50% for super senior citizens. Regular one-year deposits now yield 6.60%, while deposits over one year up to three years earn 6.70%, with additional benefits for older investors.

Sentiment
57%
TBN's observations

First-hand measurement across 4 sources

We measured how 4 outlets covered this story. No outlet gave this story a measurable political slant — there is no left–right reading to report. Overall sentiment is neutral (57/100). Lens Score 41/100.

Outlets measured: news18, economictimes, mint, news18. See how each one headlined and framed the same story in the source comparison below.

AI analysis of 4 sources · Published under editorial oversight by The Balanced News
Analysed 2 Nov 2026· How this analysis is produced· Editorial standards· Corrections

AI Analysis

Sentiment — Neutral (57/100)

Sentiment was consistent across outlets (50–75/100), indicating broadly factual reporting rather than editorialising.

Coverage timeline

news18 broke this story on 2 Nov, 09:42 am. Other outlets followed.

2 Nov, 09:42 am4 sources · 3 h2 Nov, 01:01 pm
AI analysis by the TBN Bias Engine · beat methodology byMrunal Wange· Business & Economy Editor· editorial standards byOjas Kale
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  1. 1
    news182 Nov, 09:42 am
    Good News For FD Investors: Interest Rates Increased On 1- To 3-Year Deposits
  2. 2
    mint2 Nov, 11:55 am
    FD interest rates: This government bank hikes rates, launches new deposit scheme - Check details
  3. 3
    economictimes2 Nov, 12:35 pm
    Bank of India revises FD interest rates: Launches 500-day fixed deposit offering 7.35 rate to senior citizens
  4. 4
    news182 Nov, 01:01 pm
    Bank of India raises FD rates, offers up to 7.5 pc on 500-day deposit

Who's involved

Institutions and figures named across source coverage.

Government
Reserve Bank of India
Corporate
Bank of India

Story context

Category
Business
Location
India
Sources analysed
4
Last analysed
2 Nov 2026
Key entities
Interest rateIndiaFixed depositCroreIndian rupeeFree dance (ice dance)Repurchase agreementReserve Bank of IndiaTime depositPublic sectorCanvaCommercial bank