Bank of Baroda is offering attractive interest rates to customers on its 3-year Fixed Deposits (FD). General citizens will receive a fixed interest of ₹21,341 on a deposit of ₹1 lakh, senior citizens will get ₹23,144, and super senior citizens will receive ₹23,508. During this period, the deposited amount will remain safe and guaranteed upon maturity.
Fixed Deposit Scheme: Investing in the 3-year Fixed Deposit (FD) scheme at Bank of Baroda provides customers with attractive interest and a complete guarantee on their deposited amount. Interest benefits are available at rates of 6.50-6.60% for general citizens, 7.00-7.10% for senior citizens, and up to 7.20% for super senior citizens (80+). On a deposit of ₹1 lakh, the total amount at maturity will be ₹1,21,341 for general citizens, ₹1,23,144 for senior citizens, and ₹1,23,508 for super senior citizens.
Highest Returns on 3-Year FD
Under Bank of Baroda's 3-year FD scheme, general citizens are receiving an interest rate of 6.50%, senior citizens 7.00%, and super senior citizens 7.10%. This interest amount is fixed, and the customer receives the full sum along with the principal amount upon maturity.
The bank is also offering a special interest rate on its 444-day FD. General citizens will earn 6.60%, senior citizens 7.10%, and super senior citizens 7.20%. Thus, this scheme from the bank can prove beneficial for customers of all age groups.
Total Return on ₹1 Lakh at Maturity
If you deposit ₹1,00,000 in a 3-year FD at Bank of Baroda, the total return at maturity will be as follows:
- For general citizens (below 60 years of age), the maturity amount will be ₹1,21,341, which includes a fixed interest of ₹21,341.
- Senior citizens (above 60 years) will receive a total of ₹1,23,144 at maturity, which includes a fixed interest of ₹23,144.
- For super senior citizens (above 80 years), the maturity amount will be ₹1,23,508, which includes an interest of ₹23,508.
In this way, customers can earn interest according to their age and deposit amount.
Features of the FD Account
The main attraction of Bank of Baroda's FD scheme is its fixed and guaranteed return. Customers investing in FDs receive the full principal amount and the predetermined interest upon maturity. This scheme offers a balance of liquidity and security. Furthermore, an FD account can be easily opened at the bank through both online and branch channels.
Easy Investment Option
Bank of Baroda's FD scheme is available for tenures ranging from 7 days to 10 years. Short-term investors have the option of short-term FDs, while long-term investors can earn higher interest by investing in FDs up to 10 years. The bank has ensured that every customer can choose a scheme according to their needs and age.
As a public sector bank, Bank of Baroda's FD scheme is considered a safe investment option. It offers not only the security of the principal amount but also a guaranteed interest amount. Additional benefits in interest rates are provided for senior and super senior citizens. Thus, this scheme is particularly beneficial for elderly investors.
