Bank of Baroda Savings Scheme: Bank of Baroda is offering excellent interest rates on fixed deposits (FDs). A state-owned bank, it offers fixed deposits (FDs) for tenures ranging from 7 days to 10 years.
Bank of Baroda offers interest rates ranging from 3.50% to 7.20% on FD accounts. With Bank of Baroda’s FD scheme, you can deposit just ₹2 lakh and earn fixed and guaranteed interest of up to ₹84,349.
Bank of Baroda is offering up to 7.10 percent interest on 5-year FDs.
Customers get back the entire amount deposited in FD accounts after a fixed period along with fixed interest. Public sector Bank of Baroda is offering the highest interest to its customers on FDs with a tenure of 444 days. This government bank is offering 6.60 percent interest to general citizens, 7.10 percent to senior citizens and 7.20 percent to super senior citizens (people above 80 years of age) on 444 day FDs. Bank of Baroda is offering 6.40 percent interest to general citizens, 7.00 percent to senior citizens and 7.10 percent to super senior citizens on 5 year FDs.
On depositing Rs 2,00,000, you will get a fixed interest of Rs 84,349
If you are a general citizen (i.e., you are under 60 years of age) and deposit ₹200,000 in a 5-year FD scheme with Bank of Baroda, you will receive a total of ₹274,729 on maturity, which includes a fixed interest of ₹74,729. Similarly, if you are a senior citizen (i.e., you are above 60 years of age) and deposit ₹200,000 in Bank of Baroda, you will receive a total of ₹282,956 on maturity, which includes a fixed interest of ₹82,956. If you are a super senior citizen and deposit ₹200,000 in a 5-year FD scheme with Bank of Baroda, you will receive a total of ₹284,349 on maturity, which includes a fixed interest of ₹284,349.
