Bank of Baroda Savings Scheme: Bank of Baroda is a government bank that provides services under the Central Government. This government bank is offering attractive interest rates on fixed deposits (FDs) to its customers.
FD accounts can be opened with Bank of Baroda for a minimum tenure of 7 days to a maximum of 10 years. Bank of Baroda is offering interest rates ranging from 3.50% to 7.20% on FDs. By depositing just Rs 2 lakh under Bank of Baroda’s FD scheme, you can earn a fixed and guaranteed interest of Rs 47,015.
Bank of Baroda is offering up to 7.10 percent interest on 3-year FDs.
On FD accounts, customers get back the entire principal amount along with fixed interest after a fixed period. Public sector Bank of Baroda is giving the highest interest to its customers on FDs with tenure of 444 days. This government bank is giving interest of 6.60 percent 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 days FD. Bank of Baroda is offering interest of 6.50 percent to general citizens, 7.00 percent to senior citizens and 7.10 percent to super senior citizens on 3 year FD.
On depositing Rs 2,00,000, you will get a fixed interest of Rs 47,015
If you are a normal citizen (i.e., you are under 60 years of age) and deposit ₹200,000 in a 3-year FD scheme with Bank of Baroda, you will receive a total of ₹242,682 on maturity, which includes a fixed interest of ₹42,682. 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 ₹246,288 on maturity, which includes a fixed interest of ₹46,288. If you are a super senior citizen and deposit ₹200,000 in a 3-year FD scheme with Bank of Baroda, you will receive a total of ₹247,015 on maturity, which includes a fixed interest of ₹47,015.
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