Bank Of Baroda FD Scheme : Bank of Baroda (BoB), one of India’s leading public sector banks, is currently offering impressive interest rates on its Fixed Deposit (FD) schemes. Customers can open an FD account for a minimum tenure of 7 days and up to a maximum of 10 years. The bank is offering interest rates ranging from 3.50% to 7.20% depending on the tenure and depositor category. With Bank of Baroda’s FD scheme, you can earn a fixed and guaranteed return of up to ₹84,349 by investing just ₹2 lakh.
Bank of Baroda FD: 7.10% Interest for 5-Year Tenure
Bank of Baroda’s Fixed Deposit scheme ensures that customers receive the full maturity amount along with a fixed interest rate at the end of the chosen tenure.
Currently, the highest interest rate is being offered on 444-day deposits.
Here’s a breakdown of the interest rates offered by Bank of Baroda:
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For 444 days FD :
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Regular citizens: 6.60%
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Senior citizens (60+ years): 7.10%
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Super senior citizens (80+ years): 7.20%
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For 5-year FD:
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Regular citizens: 6.40%
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Senior citizens: 7.00%
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Super senior citizens: 7.10%
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How Much Will You Earn on ₹2,00,000 FD in 5 Years?
If you invest ₹2,00,000 in Bank of Baroda’s 5-year FD scheme, here’s how your returns will look:
- For regular citizens (below 60 years):
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Interest rate: 6.40%
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Maturity amount: ₹2,74,729
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Total interest earned: ₹74,729
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For senior citizens (60 years and above):
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Interest rate: 7.00%
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Maturity amount: ₹2,82,956
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Total interest earned: ₹82,956
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For super senior citizens (80 years and above):
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Interest rate: 7.10%
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Maturity amount: ₹2,84,349
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Total interest earned: ₹84,349
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Key Benefits of Bank of Baroda FD Scheme
- Guaranteed Returns : The investment is completely risk-free, and returns are fixed and guaranteed.
- Flexible Tenure : You can choose a deposit period ranging from 7 days to 10 years.
- Higher Interest for Seniors : Senior and super senior citizens enjoy additional interest rates of up to 0.80%.
- Auto-Renewal Option : You can opt for auto-renewal upon maturity for continued earnings.
- Loan Facility Available : You can get a loan or overdraft against your FD without breaking it.
- Nomination Facility : A nominee can be added to ensure easy fund transfer in case of any emergency.
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Safe and Secure : Being a government-owned bank, Bank of Baroda provides complete safety for your deposits.
Disclaimer
This article is intended for informational purposes only. Please consult your financial advisor before making any investment or taking any financial decisions. India TV is not responsible for any financial risk or losses incurred based on the information provided.
