Special Bank FD Scheme: Get fixed interest of ₹15,114 on ₹1 lakh!

Bank of Baroda’s new FD scheme offers interest ranging from 3.50% to 7.20% on investments from 7 days to 10 years. Senior and very senior citizens get special rates. On a 2-year FD, you will get interest up to ₹15,114 on an investment of ₹1 lakh.

Special Bank FD Scheme: Public sector giant Bank of Baroda has come up with a Fixed Deposit (FD) scheme for its customers that will win hearts! Even though the Reserve Bank of India (RBI) has cut the repo rate by 1.00 percent this year, due to which the interest rates on FD have come down a bit, but the FD scheme of Bank of Baroda is still amazing. According to the market cap, the country’s second largest government bank is giving interest ranging from 3.50% to 7.20% on its FD.

Bank giving good interest on FD

You can get FD from 7 days to 10 years in Bank of Baroda. This bank offers 3.50% to 4.00% interest on short term FD i.e. 7 to 14 days. But the real fun is its 444 days special FD scheme, in which you can get interest ranging from 6.60% to 7.20%. If you make a 1-year FD, then ordinary citizens will get 6.50% to 7.00% interest. On the other hand, the interest rates on 2-year FD are even more attractive. Ordinary citizens are getting 6.50%, senior citizens 7.00%, and super senior citizens (above 80 years of age) are getting 7.10% interest. That means there is something special for every age group!

₹1 lakh will get interest up to ₹15,114

Now let’s come to that special scheme, which is attracting everyone’s attention. If you are a common 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. This includes interest of ₹13,763. But if you are a senior citizen, then this deal becomes even more amazing. On depositing ₹1 lakh in a 2-year FD, you will get ₹1,14,888, which will have an interest of ₹14,888. And if you are a very senior citizen, that is, above 80 years of age, then this scheme is icing on the cake for you! On an FD of ₹1 lakh, you will get ₹1,15,114 on maturity, which includes interest of a full ₹15,114.

Why is this scheme so special?

This FD scheme of Bank of Baroda is special because it has brought something for every type of investor. Whether you want to invest for a short period or for a long time, this bank has an option for every need. Especially for senior and super senior citizens, higher interest rates make it more attractive. Also, it is a government bank, so your money is completely safe. In today’s era, where interest rates are falling, this scheme of Bank of Baroda is giving you a great opportunity to increase your money.

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