In FD accounts, customers get back the entire money deposited along with fixed interest after a fixed period.
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Bank of Baroda Savings Scheme: Bank of Baroda is offering excellent interest rates on fixed deposits (FDs). Bank of Baroda is a public sector bank, offering FD accounts with tenures ranging from 7 days to 10 years. Bank of Baroda offers interest rates ranging from 3.50% to 7.20% on FD accounts. By depositing just ₹2 lakh under Bank of Baroda’s FD scheme, you can earn fixed and guaranteed interest of up to ₹84,349.
Bank of Baroda offers interest rates up to 7.10% on 5-year FDs.
Customers receive the full amount deposited with fixed interest after a specified period. Public sector bank Bank of Baroda offers the highest interest rates to its customers on FDs with a tenure of 444 days. This public sector bank offers 6.60 percent interest on 444-day FDs for general citizens, 7.10 percent for senior citizens, and 7.20 percent for super senior citizens (those over 80 years of age). Bank of Baroda offers 6.40 percent interest on 5-year FDs for general citizens, 7.00 percent for senior citizens, and 7.10 percent for super senior citizens.
Depositing Rs 200,000 will earn you a fixed interest of Rs 84,349.
If you are a normal citizen, i.e., below 60 years of age, and deposit Rs 200,000 in a 5-year FD scheme with Bank of Baroda, you will receive a total of Rs 274,729 on maturity, which includes a fixed interest of Rs 74,729. Similarly, if you are a senior citizen, i.e., above 60 years of age, and you deposit Rs. 2,00,000 in Bank of Baroda, you will receive a total of Rs. 2,82,956 on maturity, which includes a fixed interest of Rs. 82,956. If you are a super senior citizen and you deposit Rs. 2,00,000 in a 5-year FD scheme in Bank of Baroda, you will receive a total of Rs. 2,84,349 on maturity, which also includes a fixed interest of Rs. 2,84,349.
Disclaimer: This article is for informational purposes only. Please consult your financial advisor before making any investment or taking any financial risk. informalnewz will not be liable for any risks.
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