New FD Scheme: There is an opportunity to invest in Bank of Baroda’s Square Drive Deposit Scheme. You can get better returns by investing in this scheme.
New FD Scheme: After the Reserve Bank of India (RBI) cut the repo rate twice in a row, most banks have reduced the interest on FD. Due to this, the return on FD has reduced. However, it is not that the opportunity to get great returns on FD is over. Many banks are still getting better returns on special FD schemes. One of those schemes is Bank of Baroda’s Square Drive Deposit Scheme. Let’s know about this FD scheme of Rs 444.
Common people got interest at the rate of 7.10%
BOB Square Drive Deposit Scheme is a 444-day term deposit scheme, which is offering interest rates of up to 7.10% per annum for general public, 7.60% per annum for senior citizens, 7.70% per annum for very senior citizens (aged 80 years or above) and 7.75% per annum on non-callable (deposits ranging from Rs 1 crore to less than Rs 3 crore) deposits. You can get better returns by investing in this 444-day FD.
How to open FD in Bank of Baroda?
You can open FD through online platforms like Bank of Baroda’s World App, Internet Banking or by visiting the branch.
100000 rupees will give this much on maturity
If you invest 100000 rupees in Bank of Baroda’s Square Drive Deposit Scheme, then on maturity you will get 1,08,938 rupees. That is, a fixed return of 8,938 rupees.
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