FD Rate– Bank FD is very popular among people for investing money. Whenever it comes to investing money, most people prefer to invest their money in FD. If you are also one of those people who resort to bank FD to invest money, then you should invest in the FD of such a bank in which you get the highest interest rate.
The country’s big government banks SBI and PNB give their customers a very good interest rate on FDs, but today we will tell you about a government bank which is offering its customers a higher interest rate on its FDs than SBI and PNB. We are talking about the 2-year term FD of Bank of Baroda i.e. BOB.
BOB FD
Bank of Baroda offers FDs of various tenures to its customers. This includes FDs with tenures ranging from 7 days to 10 years, in which customers get returns ranging from 4.25 percent to 7.65 percent. If you want to invest in BOB FD, then you can invest in FDs with a tenure of 2 years. In this FD, general citizens get a return of 7 percent and senior citizens get a return of 7.50 percent.
Return on investment of Rs 2 lakh in BOB’s 2 year FD
If you invest Rs 2 lakh in BOB’s 2-year FD, you will get a total of Rs 2,29,776 on maturity. Senior citizens will get a total of Rs 2,32,044.
BOB has started new scheme. BOB Square Drive Deposit Scheme is a 444-day term deposit scheme offering interest rates of up to 7.10% per annum for general public, 7.60% per annum for senior citizens, 7.70% per annum for very senior citizens (aged 80 years and above) and 7.75% per annum on non-callable deposits (deposits above Rs 1 crore to less than Rs 3 crore). You can get better returns by investing in this 444-day FD.