Bank of Baroda has Launched a New FD Scheme, Deposit ₹2,00,000 and get Fixed Interest of ₹84,349.

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Bank of Baroda FD Scheme : The Bank of Baroda (BoB), a leading public sector bank, is currently offering attractive interest rates on its Fixed Deposit (FD) schemes. Customers can open an FD account for a minimum tenure of 7 days to a maximum of 10 years. The bank provides interest rates ranging from 3.50% to 7.20% per annum depending on the tenure and customer category.

With Bank of Baroda’s FD scheme, you can deposit just ₹2 lakh and earn a fixed and guaranteed return of up to ₹84,349 in interest.

Bank of Baroda FD Scheme : Bank of Baroda Offering Up to 7.10% Interest on 5-Year FD

In an FD, the customer deposits a fixed sum for a predetermined period, and the bank returns the principal along with guaranteed interest upon maturity. Bank of Baroda is currently offering its highest interest rate on a special 444-day FD.

Here are the interest rates for different customer categories:

  • 444-Day FD:

    • Regular Citizens – 6.60%

    • Senior Citizens (above 60 years) – 7.10%

    • Super Senior Citizens (above 80 years) – 7.20%

For a 5-year FD, the rates are as follows:

  • Regular Citizens – 6.40%
  • Senior Citizens – 7.00%

  • Super Senior Citizens – 7.10%

Earn ₹84,349 in Fixed Interest by Depositing ₹2,00,000

Here’s how much you can earn with a ₹2 lakh deposit in Bank of Baroda’s 5-year FD scheme:

  • For Regular Citizens (below 60 years):

    • Deposit: ₹2,00,000

    • Interest Rate: 6.40%

    • Maturity Amount: ₹2,74,729

    • Total Interest Earned: ₹74,729

  • For Senior Citizens (60 years and above):

    • Deposit: ₹2,00,000

    • Interest Rate: 7.00%

    • Maturity Amount: ₹2,82,956

    • Total Interest Earned: ₹82,956

  • For Super Senior Citizens (above 80 years):

    • Deposit: ₹2,00,000

    • Interest Rate: 7.10%

    • Maturity Amount: ₹2,84,349

    • Total Interest Earned: ₹84,349

Benefits of Bank of Baroda Fixed Deposit Scheme

  1. Guaranteed Returns:
    The FD offers fixed and guaranteed returns irrespective of market fluctuations.

  2. Flexible Tenure Options:
    You can choose a tenure ranging from 7 days to 10 years based on your financial goals.

  3. Higher Interest for Senior Citizens:
    Senior and super senior citizens receive additional interest rates compared to regular customers.

  4. Safe Investment Option:
    Being a government-owned bank, deposits with Bank of Baroda are considered secure and reliable.

  5. Loan Facility Against FD:
    Customers can avail loans or overdrafts against their FD without breaking it.

  6. Quarterly or Monthly Interest Payouts:
    Option to receive interest at regular intervals for better cash flow management.

  7. Nomination and Joint Account Options:
    Flexible account handling features for family members and nominees.

Disclaimer:

This article is intended for informational purposes only. Before making any investment or taking financial decisions, please consult your financial advisor. India TV will not be responsible for any financial risk or loss incurred.

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