BOB 444 Days FD Scheme: The name of this scheme is BOB Square Drive Deposit Scheme. This scheme is specially for 444 days and in this, customers can invest less than Rs 3 crore. But if you invest Rs 2 lakh in this scheme, then how much money will you get after 444 days?
BOB 444 Days FD Scheme: If you are also looking for an opportunity to earn amid the fluctuations of the market, then the special FD of Bank of Baroda (BOB), one of the big government banks of the country, can prove to be useful for you. BOB has launched a new fixed deposit scheme for customers. The name of this scheme is BOB Square Drive Deposit Scheme. This scheme is specially for 444 days and in this, customers can invest less than Rs 3 crore. But if you invest Rs 2 lakh in this scheme, then how much money will you get after 444 days, let’s know…
How much interest will be available on FD of 444 days?
General citizens will get an interest of 7.15 percent annually in this FD. Whereas, for senior citizens it is 7.65 percent. Super senior citizens (above 80 years) will get a return of 7.75 percent in this fixed deposit.
How much return will be available on Rs 2 lakh?
If a customer invests Rs 2 lakh in this FD scheme, then after 444 days, a normal customer will get around Rs 216,879 on maturity as per 6.70 percent annual return. At the same time, senior citizens will get around Rs 2,24,900 and super senior citizens will get around Rs 2,25,200. Let us tell you, this amount is estimated and is based on interest rates. The actual amount may be slightly up or down according to the interest rate and the bank’s calculation.
Callable and Non-Callable FD
This new scheme of Bank of Baroda comes in two options, Callable FD, in which customers can withdraw money before maturity. The second is Non-Callable FD, in which it is not possible to withdraw money before maturity. If removed, a fine will be imposed.
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