A well -known public sector bank, Bank of Baroda has come up with a fixed deposit (FD) plan for its customers. Who will win everyone’s heart! Although the Reserve Bank of India (RBI) has reduced the repo rate by 1.00 percent this year, the interest rate on FD may have reduced slightly, but the FD plan of the Bank of Baroda is still wonderful. According to the market cap, the country’s second largest government bank is offering interest ranging from 3.50 % to 7.20 % on its FD.
Bank FD is given good interest
In the Bank of Baroda, you can get FD from 7 days to 10 years. The bank gives interest ranging from 3.50 % to 4.00 % on short -term FD ie 7 to 14 days FD. But the actual deal is its 444 -day special FD plan. In which you can get interest ranging from 6.60 % to 7.20 %. If you get 1 year FD, ordinary citizens will get interest ranging from 6.50 % to 7.00 %. At the same time, interest rates on 2 -year FD are more attractive. Ordinary citizens are getting 6.50 %, senior citizens 7.00 % and very senior citizens (over 80) 7.10 %. That means something special for every age!
You will get interest up to Rs 15,114 at 1 lakh
Now let’s come to the special plan, which everyone is drawing attention. If you are a normal citizen and deposits Rs 1 lakh in 2 years of FD in Bank of Baroda, you will get a total of Rs 1,13,763 at maturity. This includes an interest of ₹ 13,763. But if you are a senior citizen, the deal becomes even more wonderful. On depositing Rs 1 lakh in 2 -year FD, you will get Rs 1,14,888, which will include an interest of Rs 14,888. And if you are a very senior citizen, ie over 80 years old, this plan is very attractive to you! At Rs 1 lakh FD, you will get Rs 1,15,114 at maturity, including interest of Rs 15,114.
Why is this plan so special?
This FD plan of the Bank of Baroda is special because it has come up with something for every kind of investor. For a long time you want to invest in a short period of time, this bank has an option for every need. High interest rates, especially for senior and super senior citizens, make it more attractive. Also, it’s a government bank, so your money is completely safe. In today’s age, where interest rates are falling, the Bank of Baroda’s scheme is giving a good opportunity to raise your money.
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