BOB Savings Scheme: Deposit ₹ 1,00,000 in Bank of Baroda and get fixed interest of ₹ 15,114, know the details of the scheme

FDs can be made in Bank of Baroda for a period of 7 days to 10 years. This government bank is paying interest ranging from 3.50 percent to 4.00 percent on FDs with a duration of 7 to 14 days.

Bank of Baroda Savings Scheme: Public sector Bank of Baroda is giving great returns to its customers on savings account. However, after the RBI cut the repo rate by 1.00 percent this year, the interest on fixed deposits has also decreased. But, Bank of Baroda’s interest rates on FD still remain attractive. In terms of market cap, the country’s second largest government bank is giving interest ranging from 3.50 percent to 7.20 percent on FD to its customers. Here we will know about such an FD scheme of Bank of Baroda, in which a fixed interest of Rs 15,114 can be obtained by depositing only Rs 1 lakh.

Bank of Baroda is giving interest up to 7.20 percent on FD

FD can be done in Bank of Baroda from 7 days to 10 years. This government bank is offering interest ranging from 3.50 percent to 4.00 percent on FDs with a duration of 7 to 14 days. This bank is offering the highest interest of 6.60 percent to 7.20 percent on the special FD scheme of 444 days. Bank of Baroda is offering interest ranging from 6.50 percent to 7.00 percent on FDs with a duration of 1 year. Apart from this, general citizens are getting 6.50 percent interest, senior citizens are getting 7.00 percent and very senior citizens are getting 7.10 percent interest on FDs with a duration of 2 years.

On depositing ₹1,00,000, you will get a fixed interest of ₹15,114

If you are a normal citizen and deposit ₹1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of ₹1,13,763, which includes ₹13,763 of interest. If you are a senior citizen and deposit ₹1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of ₹1,14,888, which includes ₹14,888 of interest. Similarly, if you are a super senior citizen (above 80 years of age) and deposit ₹1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of ₹1,15,114, which includes ₹15,114 of interest.

Disclaimer: This article has been written for information purposes only. Please consult your financial advisor before making any investment or taking any financial risk. India TV will not be responsible for any kind of risk.

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