Mission and Vision

Our Vision
"To Become The Bank of choice for Corporates, Medium Business And Upmarket Retail Customers And Developmental
Banking For Small Business, Mass Market And Rural Markets."

Our Mission
"To provide superior, proactive banking service to niche markets globally, while providing cost effective, respective, responsive
service to others in our role as a development bank, and in doing so, meet the requirement of our stakeholders."

Quality Policy
"We, at Bank of India, are committed to become the bank of choice by providing SUPERIOR, PRO-ACTIVE, STATE-OF-
THE-ART Banking services with an attitude of care and concern for the customers and patrons.

Cold Storage

Introduction Cold storage India is the largest producer of fruits and second
largest producer of vegetables in the world. In spite of that per
capita availability of fruits and vegetables is quite low because
of post harvest losses, which account for about 25% to 30% of
production. Besides, quality of a sizable quantity of produce also
deteriorates by the time it reaches the consumer. This is mainly
because of perishable nature of the produce, which requires a
cold chain arrangement to maintain the quality and extend the
shelf life if consumption is not meant immediately after harvest.
In the absence of a cold storage and related cold chain facilities,
the farmers are being forced to sell their produce immediately
after harvest which results in glut situations and low price
realisation.
Status of cold storage
& its potential in India
The estimated annual production of fruits and vegetables in the
country is about 130 million tonnes. This accounts for 18% of
our agricultural output. Due to diverse agro climatic conditions
and better availability of package of practices, the production is
gradually rising. Although, there is a vast scope for increasing
the production, the lack of cold storage and cold chain facilities
are becoming major bottlenecks in tapping the potential. The
cold storage facilities now available are mostly for a single
commodity like potato, orange, apple, grapes, pomegranates,
flowers, etc. which results in poor capacity utilisation.
Storage of foods &
storage conditions
Foods and many other commodities can be preserved by storage
at low temperature, which retards the activities of micro
organisms. Micro organisms are the spoilage agents and consist
of bacteria, yeasts and molds. Low temperature does not destroy
those spoilage agents as does high temperature, but greatly
reduces their activities, providing a practical way of preserving
perishable foods in their natural state which otherwise is not
possible through heating. The low temperature necessary for
preservation depends on the storage time required
often referred to as short or long term shortage and the type of
product.
Economic size of unit
& land requirements
Cold storage units can be used to store either a single commodity
or multiple commodities. Depending upon the entrepreneur's
financial health; it can be planned to store the produce entirely
owned by him or on rental basis or in combination of the two.
NABARD usually encourages cold storages where 70% of the
capacity is available to farmers for storage on rentals. Financial
viability of a unit depends upon the intended pattern of use and
rental rate prevalent in an area. However, units entirely to be
used by the owners are also considered for sanction. Considering
70:30 utilisation of the capacity for rentals and own use, a 5000
MT capacity unit is considered as.
Technology A cold storage unit incorporates a refrigeration system to
maintain the desired room environment for the commodities to
be stored. A refrigeration system works on two principles:
Vapour absorption system (VAS), and
Vapour compression system (VCS)
VAS, although comparatively costlier, is quite economical in
operation and adequately compensates the higher initial
investment.
VCS is comparatively cheaper than VAS. There are three types
of VCS systems available depending upon the cooling
arrangements in the storage rooms i.e., diffuser type, bunker type
and fin coil type. Diffuser type is comparatively costlier and is
selected only when the storage room heights are low.

Poultry
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Objectives Poultry devlopmentThe main objective of financing poultry is to
increase egg/meat production by meeting financial requirement
of the proponents who are willing to undertake poultry as a
subsidiary or main occupation.
Purpose Financing can be considered for the following types of poultry
schemes.
Establishment of small poultry (layer or broiler) units of 200 to
500 birds as subsidiary occupation by the farmers and
agricultural labourers.
Individual registered partnership firms limited companies and
registered co-operative societies having necessary trained and
technical personnel and management experts for running
following commercial poultry units.
Establishment/expansion of layer farm,
Establishment/expansion of broiler farm,
Establishment /expansion of hatchery farm,
Establishment / expansion of production cum-processing units.

The following items are eligible for finance under different
poultry schemes.
a. Construction of brooder/grower houses, feed godowns,
acquisition of electricity and water supply, purchase of cages,
purchase of feeders, waterers, feed/egg, trolleys, vaccination
equipments ,etc.
b. Poultry co-operative may require finance for purchase of feed
mixing plant, feed ingredients and for stocking of feeds for their
members.
c. Integrated layer units will also require finance for construction
of broiler houses, purchase of machinery/equipment for dressing
of bird, refrigerated storage facilities for dressed birds and
refrigerated van for their transport.
d. Hatchery units will require finance for egg rooms fumigation
room, egg cooling room, room for egg incubators, room for
chick sexing as well as and vaccination and packing room.
e. Larger poultry units may also require finance for purchase of air
conditioners, stand-by generator.
Eligibilty a. Individual farmers/agricultural labourers who are
experienced/trained in poultry management are taking up poultry
farming as a subsidiary occupation.
b. Individual registered partnership firms, limited companies, etc.,
are eligible for bank credit for large poultry units. These units
should have trained/ technically qualified personnel for running
the unit.
Land Development

Introduction Land development Land degradation is
the major problem of Indian
Agriculture. Most of the land area in our
country shows evidence of degradation,
affecting thereby the productive
resource base. Out of 329 million
hectares of land in the country, about
175 million ha. (53 %) is suffering from
degradation in some form or the other.
There are 7.61 M ha of salt affected
soils in India as per the Ministry of
Agriculture, GOI. The extent of this
problem area as given by different
sources varies from 8.56 M ha to 10.9 M
ha. Water logging affects another 8.52
M ha mainly in the irrigation
commands, which includes some of the
saline-alkali soils also.

Soil degradation takes place for various
reasons like cultivation of same type of
crops year after year, excessive use of
chemical fertilizer. Excessive and
uncontrolled irrigation, excess use of
ground water also degrades the soil.
Banks extend finance farmers for the
purpose of Land Development and
Development of Waste land.
Purpose
Land leveling, reclamation of soil, bunding and any
other soil conservation measures
Eligibility a. Farmers owning land
b. Farmers cultivating registered leased
land
Quantum of
Loan
Quantum of loan will depend upon the
estimated cost of the scheme. The nature
of treatment and material required per
unit of land should be ascertained from
the concerned department of the state
Govt.
Security Principal/Collateral:
a) Loan limit upto Rs.50,000/- Term
loan agreement (CHA-1)(mortgage not
required)
b) Loan limit above Rs.50,000/- 1. Term
Loan Agreement CHA-1

2.Mortgage of land or declaration as per
Agricultural Credit Act or Collateral
Security of adequate worth. For legal
Mortgage CHA-IV)

Other Common documents:
a) Demand Promissory Note
b) L-515
c) L-516
d) Letter of Guarantee from Guarantor/s
whenever considered necessary (CHA-
3)
Margin Loan upto Rs.50,000/- Nil
Loan over Rs.50,000/- 15% to 25%
Mode of
Disbursement
The loan amount should be disbursed in
stages depending upon the progress as
per project report. The hire charges for
the machinery and implements should
be paid directly to the executing agency
after obtaining progress/completion
statement from the farmer.
Repayment Normally such loans should repaid
within 9-15 years depending upon the
loan amount and income of the farmer
from various sources. Moratorium
should be given to the farmer for
repayment of loan if necessary.

The installments may be fixed half
yearly/annually according to the
cropping pattern and income generation.
The due dates of installments should
synchronize with the marketing of the
crop produce.



Introduction Purchase of land The agricultural policy of the Government of
India envisages doubling of the farm output during the next
decade. Presently, the Bank provides finance to the farmers in
the form of term loans for development purpose and short-term
loans for production purposes. There is also a need to finance
farmers for purchasing land to expand activities and make
existing small and marginal units economically viable. This
would enable farmers to diversify their present activities and
take up allied activities.

Agriculture which is the lifeline of our country, is predominantly
a land based activity and absence of resource support
particularly for purchase of land especially by Small and
Marginal farmers had been a cause for concern and come in the
way of their economic development. Our Honble Union
Finance Minister announced a package on 18 June 2004 to
double agricultural credit within three years with 30% growth
each year. The agricultural policy of the Government of India
also envisages substantial credit flow to increase agricultural
production and productivity. Banks provide agricultural term
loans to farmers for investment purposes and short-term loans
for production purposes. There is a need to finance farmers for
purchasing land not only to expand their activities but also to
make existing small and marginal units economically viable,
diversify their present activities and to bring fallow lands and
waste lands under cultivation.
Objectives To make the small and marginal holdings economically viable
To bring fallow lands and waste lands under cultivation
To step up agricultural production and productivity
To finance the share croppers/tenant farmers to purchase land to
enable them to increase their income
Eligibility Small and marginal farmers i.e. those who would own maximum
of 5 acres of non-irrigated land or 2.5 acres of irrigated land
including purchase of land under the scheme. Sharecroppers and
tenant farmers can also be covered under the scheme.
Coverage of Women Ownership rights of land to women would lead to their
empowerment. Hence, branches may encourage purchase of land
by women, giving preference to those in distress, widows, SHG
members etc within overall eligibility criteria as laid down under
the scheme.
Purpose The objective of the scheme is to finance farmers to purchase,
develop and cultivate agricultural as well as fallow and waste
lands. Banks may also consider financing purchase of land to
enable the farmers to diversify into other allied activities. The
bank while considering finance for purchase of land should
obtain complete details of the project proposal of the farmer.

Farmer to be advised/encouraged to purchase land at one place
and fragmented holdings may be discouraged with a view on
saving on production expenses. However, farmers be financed
purchase of land within village boundary or in a radius of 3 to 5
Kms to the satisfaction of the Bank as regards viability
BOI Star Mahila SB Account


Parameter BOI Star MAHILA SB
ACCOUNT
Target Group Women in the age group of 18
years and above
-Including salaried employee
(Govt./ PSU/ Private Sector/
MNC etc.)
-Self Employed Professionals like
Doctors, Entrepreneurs etc.
Women with independent source
of regular income like rentals etc.
Eligibility Singly or in joint names. The first
account holder must belong to
target group
AQB Criteria Average Quarterly Balance
(AQB) of Rs.5000/-
AQB shall be calculated for AMJ,
JAS,OND & JFM quarters (for
example AMJ stands for April,
May, June)
Opening of
Account/
Minimum Daily
Balance
No Daily Minimum Balance Requirement
However customer has to maintain Average
Quarterly Balance (AQB) of Rs.5000/- or
above therefore AQB Clause to apply
Charges for
Non
Maintaining
Minimum
Balance/AQB
No Penalty for Non Maintaining
Daily Minimum Balance
In case of Non maintenance of
AQB of Rs.5,000/- Penalty will
be levied as under:
SB A/cs with cheque book
facility:
Penal charges: Rs.50/- per 3
months at all centres
SB A/c without cheque book
facility:
Penal charges: Rs.25/- per 3
months at all centres
Charges for
excess debit
entries in
Savings Bank
account ATM /
INTERNET
Up to 10 Customer induced debit
entries a month : FREE
Beyond 10 debit entries : FREE
(Presently Normal Savings A/C is
charged with Rs.10/- per entry for
above 10 debit entries).
transactions not
to be counted /
reckoned
Personalized
Cheque books
per calendar
year
50 Leaves (Free)
Issuance of
DD/Pay slips
6 DD Per Quarter Free if AQB
in the preceding quarter is
maintained at Rs.10000/- and
above else DD charges applicable
Global Debit
cum ATM Card
Free Global Debit cum ATM card Nil
Annual Charges from next year




Star Sunidhi Tax-Saving Deposit Scheme

A Scheme for long term savings investments, with Income Tax Benefits..
Eligible Individuals & HUFs having PAN Numbers
Minimum Deposit Rs.10,000/-
Maximum Deposit Rs.1,00,000/- p.a.
Type of Deposit FDR/MIC/QIC/DBD
Tenure Minimum-5 years
Maximum-Upto & including 10 years
Rate of interest As applicable to our normal domestic term deposits
Premature withdrawal Not Permitted upto 5 years.
Applicability All branches in India
Nomination Facility Available
Advance Facility Not available for a period of 5 years from The Date of
Deposit
Other Benefits Tax Exemption u/s 80c of the Income Tax Act
Other Terms and Conditions i. In the case of Joint Accounts,only the first named Depositor
will be eligible for deduction under Section 80c of the
Income Tax Act.
ii. No nomination shall be made in respect of aTerm Deposit
applied for and held by or onbehalf of a Minor.
iii. The Term Deposit shall not be pledged tosecure a loan or as
security to any other advance.
iv. Other terms and conditions as applicable to normal Term
Deposits.


Capital Gain Tax Saving Scheme

CAPITAL GAIN ACCOUNTS SCHEME 1988
Capital Gain Accounts Scheme 1988 is applicable to eligible taxpayers who wish to claim exemption u/s 54 for capital
gain .
1 Branches Authorized Non Rural Branches (i.e. All Semi
Urban/Urban/Metro Branches
2 Types of Accounts Account A (Savings Bank) Account B (Term
Deposit cumulative/ non-cumulative) (Savings
Plus Scheme not permitted)
3 Account Opening Form(
KYC compliance)
Form A (in duplicate) + Proof of Address +
Copy of PAN Card + Photograph + unstamped
HUF Letter in case of account is for HUF (non-
trading)
4 Rate of Interest Account A Applicable to SB Accounts
Account B As per Banks TDR Rates.
5 Withdrawal## Amount can be withdrawn from deposit
A (Savings Bank Account) by furnishing an
application in form C alongwith Pass Book.( No
cheque book will be issued.)

## Premature withdrawal from Deposit B (TDR) is permitted by converting account
from B to A and by levying 1% penal interest for premature payment as in case of
TDRs. Form B will be used for conversion of Account B to A.
6 Further withdrawal For subsequent withdrawal form D (in duplicate)
by giving the details showing the manner/ purpose
for which the previous withdrawal has been
utilized Banks are not obliged to allow further
withdrawal if above referred particulars are not
furnished.

7 Mode of payment Any withdrawal over Rs.25,000/- should be
affected by Bank, only by crossed DD.

8 Utilization of Amount
withdrawn
Amount drawn from Account A has to be
utilized within 60 days from the date of such
withdrawal for the purpose mentioned in the
relevant sections. Unutilized amount should be re-
deposited in Account A immediately. Non-
compliance of this rule will render the depositor to
lose exemptions under relevant section.


Capital Gain Tax Saving Scheme

CAPITAL GAIN ACCOUNTS SCHEME 1988
Capital Gain Accounts Scheme 1988 is applicable to eligible taxpayers who wish to claim exemption u/s 54 for capital
gain .
9 No Lien Amount cannot be placed or offered as Security for
any loan or guarantee and cannot be charged or
alienated.
10 Transfer of Account Account can be transferred to another Branch of the
same Bank.
11 Interest Exemption under I.
T. Act 1961
Interest is not exempted under Income Tax Act,
1961.TDS will be deducted at applicable rates on
TDRs.
12 Transfer from Account B to
A or A to B
This is permitted Depositor will apply for this
transfer in form B. If account A is not opened a
new A will be opened on obtention of form A.
13 Nomination by a Individual Form E (Max. 3 Nominees)
1st nominee shall alone have the right to recover the
amount, after death of 1st nominee, 2nd has the right
and after death of 1st & 2nd, the 3rd will get right.
14 Variation/ Cancellation of
Nomination by Individual
Form F for variation/ cancellation.
Nomination will be entered in Pass-Book/ Deposit
Receipt. No nomination will be made for other type
of accounts (like HUF, minors)
15 Issue of Duplicate Pass Book
or Receipt
In the event of loss or destruction of pass book or
receipt, the branch may issue, on application made to
it, a duplicate thereof
16 Closure of Account 1. Application in Form G with the approval of
Assessing Officer who has jurisdiction to the
depositor.
2. If depositor dies, the nominee will make application
in Form H with the approval of Assessing Officer
(having jurisdiction over deceased depositor)
3. If there is no nomination then legal heirs will apply
in form H with the approval of Assessing Officer
(having jurisdiction over deceased depositor).
17 Overdue Deposit Bank may renew an overdue Term Deposit under
Capital Gains Account Scheme and allow interest on
such renewed TDR or a portion thereof from the date
of maturity of deposit.

Chafggdgnnel Credit

Facility
Drawee Bill Finance for Suppliers
Drawee Bill Finance or Overdraft facility for Dealers.
Eligibility criteria Sponsoring Corporate can be a Manufacturing Unit, Wholesale
Dealer of goods, Distributor of goods, or a Provider of Services.
The Sponsoring Corporate should be rated SBS 1-3 and SBS 4-6
(previous rating of 'AA' and above).
Facilities to Suppliers and Dealers would be extended based
on the referral of the Sponsoring Corporate.
Exposure to each Dealer to be based on the referral of the
Sponsoring Corporate.
Financial criteria Sponsoring Corporate's referral letter to state that their past
dealings with the Supplier/Dealer are satisfactory. No prior
period of association to be prescribed.
Margin Nil
Maximum exposure Within the existing norms, for the purpose of financing under
these liberalized terms, a cap of Rs.25 lacs is prescribed in
respect of each Supplier and each Dealer. Above these limits,
Bank's normal lending norms/procedures to be made
applicable.Finance to Supplier to be outside MPBF of the
Sponsoring Corporate and the stocks procured from Suppliers by
this facility would be treated as "unpaid" stocks till the liability
under the Bills is extinguished.
Tenor of the facility Maximum 90 days exclusive of Free Period offered, if any
Grace period Grace period of 03 days to Dealers only in cases where Post
Dated Cheques are not obtained
Rate of interest Suppliers: 1% below PLR, Min 10.25% pa. Zonal Managers
shall have the discretion to approve a concession of 0.25% (10%
floating). Further concession to be approved at HO level.

Dealers: ROI not below the rate for which the Sponsoring
Corporate is eligible for W/C Finance against Book Debts.
Penal rate 2% over the contracted rate.
Processing charges No processing charges for the suppliers.1% of limit fixed for
each dealer payable up front at the time of sanction of limit to
dealer.

Bullion Banking
Bullion





Our Bank is a nominated agency for bullion business since 1997. We are selling gold to Jewelry Manufacturer Exporters
located in SEEPZ, Mumbai.

Gold is sold in KG bars to the Jewelry exporters under Two schemes:
Outright sale - Jewelry Manufacturer Exporters can purchase gold on outright basis.
Bullion Loan Scheme for Exporters - Jewelry Manufacturer Exporters can purchase gold on loan basis at competitive
terms.
The sale is subject to the rules and regulations prescribed by Reserve bank of India from time to time.

Bedit cards


Master Debit Card


(Valid Domestic & International)
Can be used in any of the ATM and POS
Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
Maximum amount that can be withdrawn per day is Rs.25,000 in POS


Bingo card


Exclusively for students
Option of TOD facility upto Rs.2,500
The Master BINGO Card can be issued to youth between the ages of 15 years to 25years (Age at the time of
issuance of card) for initial period of 5 years and thereafter the same will be renewed if the age of the card holder is
still below 25 years
Debit visa cards
Domestic


VISA Debit Card


(Valid Domestic & International)
Can be used in any of the ATM and POS
Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
Maximum amount that can be withdrawn per day is Rs.25,000 in POS
The VISA Debit Card is a personalized card that can be used at domestic ATMs, POS and Ecommerce sites. The
card can be issued to all SB, current and OD account holders

Internatiomnal


VISA EMV card

VISA EMV debit card is a chip based card and can be used globally, issued to savings,
current, OD account holders.\



Visa Platinum EMV Card

VISA Debit Platinum card is a chip based card and can be used globally , issued to
privileged customers i.e diamond account holders .



Debit rupay cards


Rupay Debit Card


(Valid in India)
It can be issued to any account
It can be used only in ATM and on a few POS
Maximum limit of cash withdrawn is Rs.25,000 per day in ATM
Maximum amount that can be withdrawn per day is Rs.25,000 in POS



RuPay Kisan Card


It can be issued to account of farmers
It can be used only in ATM. Will be enabled at POS, as and when enabled by NPCI
Maximum limit of cash withdrawn is Rs.15,000 per day in ATM
Maximum amount that can be withdrawn per day is Rs.25,000 in POS


Rupay Punjab Arthia Card

Rupay Punjab Arthia card is only applicable for Punjab food procurement project
whereby cards are issued to Arthias(Commission Agents)with unique Code provided
by competent authority.



Sangini Debit Card

Sangini Debit Card is Bank of Indias first Debit Card exclusively designed for
Women.
It is a Personalized Magstripe Debit Card, issued under RuPay platform.
This card is valid for 5 years.
You can use this Card at any domestic acquiring systems like ATM or POS machines
accepting RuPay Cards.
You can use Sangini Debit Card for e-commerce transactions on the Internet for on-
line shopping, buying travel or movie tickets, paying your bills and much more

Target Group Women in the age group of 18 years and above.

Eligibility All Women account holders. They can be either Single or Joint account
holders. If you are a Mahila Savings Bank Account customer, you can also apply for
this Card and enjoy its benefits.

Daily Withdrawal & Transaction Limit
At BOI ATMs Other Banks ATM At POS Machines
Sangini Debit Card Rs. 25,000/- Rs. 10,000/- Rs. 25,000/-

Charges For the First year it is FREE. From the second year onwards 50% of the
prevailing rates.
Year
Other Debit Card
Charges
Sangini Debit Card Charge Sangini Debit Card in BOI Star
MAHILA SB ACCOUNT Charge
1st
Year
FREE FREE FREE
After
1st
Year
Rs. 120/- (for
Branches in Metro
and Urban Areas)
Rs. 60/- (for
Branches in Metro
and Urban Areas)

FREE
After
1st
Year
Rs. 60/- (for
Branches in Semi-
Urban and Rural
Areas)
Rs. 30/- (for
Branches in Semi-
Urban and Rural
Areas)

FREE

Special Concessions
50% concession in the annual fees (as table above)
Bank of India offers 50% MORE Star Points (Loyalty Reward Points) to Sangini Debit
Card Holders. You get 1.5 Points in place of 1 Point for every Rs.100 spent, for every
card usage at POS/e-commerce transactions. These points can be redeemed against
very lucrative range of services/goods.


Other Debit Card Points Sangini Debit Card Points
Points
1 1.5
*calculated at the end of the month
Each point earned by the customer will be valued at Rs.0.25. These points so earned can
be redeemed at any point of time upto next 36 months from the month of purchase.
The redemption of these reward points can be done after threshold limit of 100 points in
exchange of various Gift items including over 2 million merchandise and Movie
Tickets/Bus Tickets/Air Tickets/ Gift Vouchers etc.