Bank of Baroda Savings Scheme: Bank of Baroda, one of India’s leading public sector banks, is offering attractive interest rates on fixed deposits (FDs) to its customers. The bank allows investors to open FDs for tenures ranging from 7 days to 10 years. Interest rates on Bank of Baroda FDs range from 3.50% to 7.20%. This scheme is considered an excellent option for those seeking a safe investment as it offers fixed and guaranteed returns.
Highest interest on 444-day FD scheme
Bank of Baroda’s special 444-day FD scheme is currently the most popular. Under this scheme, general customers receive an annual interest rate of 6.60 percent, senior citizens 7.10 percent, and super senior citizens (those above 80 years of age) 7.20 percent. These rates are highly competitive in the current market conditions, ensuring investors secure and attractive returns.
Good returns on 5-year FDs as well
If you are looking for a safe investment for the long term, Bank of Baroda’s 5-year FD scheme is a strong option. The bank offers an interest rate of 6.40 percent for general citizens, 7.00 percent for senior citizens, and 7.10 percent for super senior citizens. After 5 years, the investor receives the principal amount along with the fixed interest amount.
A deposit of just ₹2 lakh earns a fixed interest of up to ₹84,349.
A customer depositing ₹2 lakh in a 5-year fixed deposit with Bank of Baroda earns attractive returns.
For ordinary citizens, this amount becomes ₹2,74,729 upon maturity, including ₹74,729 in interest.
Senior citizens over 60 receive ₹2,82,956, including ₹82,956 in interest.
Super senior citizens, i.e., investors over 80, receive ₹2,84,349, including a fixed interest of ₹84,349.
This interest is fully guaranteed and secure, as Bank of Baroda is a government-owned bank.
A Safe and Reliable Investment Option
Bank of Baroda’s Fixed Deposit Scheme is suitable for those who seek assured returns while avoiding market risk. Since this scheme is operated by a public sector bank, investments are completely safe. This FD scheme is suitable for salaried individuals, retired citizens, and senior citizens.