Thus, are you in quest of an assured and safe investment option that guarantees returns? Bank of Baroda (BoB), one of the best among India’s public sector banks, has an FD scheme par excellence to let you flourish your hard-earned money without breaking a sweat. Deposits of just ₹2,00,000 earn a maximum fixed interest of up to ₹51,050 with no risk at all.
Good Interest Rates for all Investors
Currently, Bank of Baroda offers very competitive FD rates of 7.15%-7.65% for deposits having maturity periods ranging from 2 years & 1 day to 3 years. Here is what you stand to gain:
- General Citizens: 7.15%.
- Senior Citizens: 7.65%.
Therefore, if you invest ₹2,00,000 for 3 years, here, essentially, is what you stand to receive at maturity:
- General Citizens: ₹2,47,379 (being ₹47,379 in interest).
- Senior Citizens: ₹2,51,050 (being ₹51,050 in interest).
Why Should One Invest Right Now?
RBI has just slashed the repo rates by 0.25%, thereby suggesting that FD interest rates would be slashed further in a few weeks’ time. This means that banks all over India would be slashing their deposit rates accordingly. So, now is just the right time to lock up for higher returns before that.
Also, a special 444-day FD has been launched by Bank of Baroda, which offers the same attractive rates:
- 7.15% for general citizens
- 7.65% for senior citizens
Features of the Fixed Deposit Scheme of Bank of Baroda
- Guaranteed Returns – Your investment is secure and comes with fixed-interest payout returns.
- Higher Returns for Senior Citizens – Applicable for retirees with an extra 0.50% interest.
- Flexible Tenure Options – Ranging from 444 days to 3 years, depending on your financial goals.
- A Trusted Banking Partner – India’s second-largest public sector bank in the dependable and transparent BoB.