Bank of Baroda Savings Scheme: Bank of Baroda is the second largest government bank in the country in terms of market cap. Bank of Baroda (BOB) accounts for crores of Indians. This government bank is giving great interest to its customers on savings accounts. Today we are going to tell you about one such savings scheme of Bank of Baroda, in which you can get a fixed interest of Rs 16,022 by depositing just Rs 1 lakh. Yes, we are talking about the 2 -year FD scheme of Bank of Baroda.
BOB is paying 7.00 to 7.50 percent interest on 2 years FD
Bank of Baroda of the public sector is giving interest to its customers from 4.25 percent to 7.65 percent on different period FD schemes. This government bank is paying 7.15 percent to ordinary citizens on 444 days special FD scheme and 7.65 percent to senior citizens. Bank of Baroda is paying 7.00 percent to ordinary citizens on 2 -year FD and 7.50 percent to senior citizens. Let us tell you that after the Reserve Bank of India reduced the repo rate, the Bank of Baroda also cut the interest rates of its savings schemes.
If you deposit Rs 1 lakh, you will get a fixed interest of Rs 16,022
A fixed interest of Rs 16,022 can be obtained by depositing only Rs 1 lakh in the 2 -year FD of Bank of Baroda. If an ordinary citizen, who is under 60 years of age and he deposits Rs 1,00,000 in 2 years FD in Bank of Baroda, he will get a total of Rs 1,14,888 on maturity.
