FDs can be made in Bank of Baroda for a period of 7 days to 10 years. This government bank is paying interest ranging from 3.50 percent to 4.00 percent on FDs with a duration of 7 to 14 days.
Bank of Baroda Savings Scheme: Public sector Bank of Baroda is giving great returns to its customers on savings accounts. However, after the RBI cut the repo rate by 1.00 percent this year, the interest on fixed deposits has also decreased. But, Bank of Baroda’s interest rates on FDs still remain attractive. In terms of market cap, the country’s second largest government bank is giving interest ranging from 3.50 percent to 7.20 percent on FDs to its customers. Here we will know about such an FD scheme of Bank of Baroda, in which fixed interest of Rs 15,114 can be obtained by depositing only Rs 1 lakh.
Bank of Baroda is offering up to 7.20% interest on FD
FDs can be made in Bank of Baroda from 7 days to 10 years. This government bank is offering interest ranging from 3.50 percent to 4.00 percent on FDs with a duration of 7 to 14 days. This bank is offering the highest interest of 6.60 percent to 7.20 percent on the special FD scheme of 444 days. Bank of Baroda is offering interest ranging from 6.50 percent to 7.00 percent on FDs with a duration of 1 year. Apart from this, general citizens are getting 6.50 percent interest, senior citizens are getting 7.00 percent and very senior citizens are getting 7.10 percent interest on FDs with a duration of 2 years.
On depositing ₹1,00,000, you will get fixed interest of ₹15,114
If you are a normal citizen and deposit Rs 1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of Rs 1,13,763, which includes Rs 13,763 as interest. If you are a senior citizen and deposit Rs 1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of Rs 1,14,888, which includes Rs 14,888 as interest. Similarly, if you are a very senior citizen (above 80 years of age) and deposit Rs 1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of Rs 1,15,114, which includes Rs 15,114 as interest.
Disclaimer: This article is written for informational purposes only. Consult your financial advisor before making any kind of investment or taking any financial risk. Businessleague will not be responsible for any kind of risk.
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