It’s a great time to be a safe investor who wants guaranteed returns. Bank of Baroda, one of India’s largest public sector banks, has come up with a special fixed deposit (FD) product, which will offer enormous interest rates for only a limited period. This FD, aimed mainly to give your savings a solid boost, could be your true financial breakthrough.
Huge Returns from 444-Day FD – Rates from April 7, 2025
Against the backdrop of fading interest rates from all other banks far and wide, Bank of Baroda has brought out the kind of fixed deposit scheme known as the BoB Square Drive Deposit Scheme specifically 444-day tenure scheme. Such an act serves to stabilize investors and provide them with more substantial returns in times when standard returns have shrunk.
BoB Square Drive Deposit Scheme Details
Under this new scheme, the bank is offering attractive interest rates based on age groups:
- General Public: 7.15% per annum
- Senior Citizens (60 years and above): 7.65% per annum
- Super Senior Citizens (80 years and above): 7.75% per annum
But there’s more for those opting for Non-Callable Deposits (which cannot be withdrawn before maturity):
- General Public: 7.20%
- Senior Citizens: 7.70%
- Super Senior Citizens: 7.80%
Note: This offer applies to retail FDs below ₹3 crore. Non-callable deposits must be between ₹1 crore and ₹3 crore.
Why BoB Square Drive Deposit Scheme is a Smart Move
In today’s economic climate, where interest rates are gradually dipping, locking in a high fixed return becomes even more important. This FD offers not only safety but also superior returns compared to regular deposit schemes. It’s a solid option for those who want to grow their wealth without taking risks.
Convenient Ways to Invest – Online & Offline
Bank of Baroda has made it easier than ever to invest in this scheme. Here’s how you can open your FD:
- Visit any Bank of Baroda branch
- Use the BoB World app or Internet banking
- New customers can open an FD online via video KYC, directly through the bank’s official website—no need to open a savings account
A Word from Bank of Baroda
Beena Vaheed, Executive Director of Bank of Baroda, shared her thoughts during the launch of this scheme:
“In this period of falling interest rates, the ‘BoB Square Drive Deposit Scheme’ provides depositors with a reliable opportunity to earn higher, fixed returns. We are committed to bringing innovative financial solutions that meet the evolving needs of our customers.”