Bank Of Baroda FD Scheme : Public sector Bank of Baroda is offering attractive interest rates on Fixed Deposits (FDs) to its customers. At Bank of Baroda, you can open an FD account for tenures ranging from 7 days to 10 years. This government-owned bank is offering interest rates between 3.50% and 7.20% on FD accounts. Today, we will discuss a special FD scheme of Bank of Baroda under which an investment of ₹2 lakh can fetch fixed interest of ₹30,228.
Bank of Baroda Offers the Highest Interest on 444-Day FD
Despite the growing popularity of the stock market and mutual funds, Fixed Deposits continue to remain a preferred investment option. In an FD, customers receive their principal amount along with fixed interest after a predetermined period.
Bank of Baroda is currently offering the highest interest rate on its 444-day FD scheme. Under this scheme, the bank is providing:
- 6.60% interest to general citizens
- 7.10% interest to senior citizens
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7.20% interest to super senior citizens (aged above 80 years)
Additionally, for a 2-year FD, Bank of Baroda is offering:
- 6.50% interest to general citizens
- 7.00% interest to senior citizens
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7.10% interest to super senior citizens
Deposit ₹2,00,000 and Get Fixed Interest of ₹30,228
If you are a general citizen (below 60 years of age) and invest ₹2,00,000 in a 2-year FD with Bank of Baroda, you will receive a total maturity amount of ₹2,27,528, which includes fixed interest of ₹27,528.
Similarly, if you are a senior citizen (aged 60 years or above) and invest ₹2,00,000, the total maturity amount will be ₹2,29,776, including fixed interest of ₹29,776.
For super senior citizens, investing ₹2,00,000 in the 2-year FD scheme will result in a total maturity amount of ₹2,30,228, which includes fixed interest of ₹30,228.
Disclaimer
This article is written for informational purposes only. Before making any investment or taking any financial risk, please consult your financial advisor. India TV will not be responsible for any kind of risk.