Bank of Baroda Savings Scheme: After RBI reduced the repo rate, all banks including Bank of Baroda have reduced the interest rates on FD. The repo rate has been reduced by 1.00 percent this year.
However, the public sector Bank of Baroda is still offering great interest on FD to its customers. This government bank is giving interest ranging from 3.50 percent to 7.20 percent on FD. Today we are going to tell you about such an FD scheme of Bank of Baroda, in which by depositing Rs 2,00,000, a fixed interest of Rs 30,228 can be earned with guarantee.
Bank of Baroda is offering up to 7.20 percent interest on FD
Bank of Baroda is the second largest government bank in the country in terms of market cap. FDs can be made in Bank of Baroda from 7 days to 10 years. This government bank is giving interest ranging from 6.50 percent to 7.10 percent on FDs from 1 year to 3 years. The highest interest of 6.60 percent to 7.20 percent is being given on FDs of 444 days in this bank. Bank of Baroda is giving 0.50 percent more interest to senior citizens and 0.60 percent more interest to super senior citizens than the general public.
You will get fixed interest of up to Rs 47,015 on Rs 2 lakh in 3 year FD
If you are a normal citizen and deposit Rs 2,00,000 in a 3-year FD in Bank of Baroda, you will get a total of Rs 2,42,681 on maturity, which includes a fixed interest of Rs 42,681. If you are a senior citizen and deposit Rs 2,00,000 in a 3-year FD in Bank of Baroda, you will get a total of Rs 2,46,287 on maturity, which includes a fixed interest of Rs 46,287. Similarly, if you are a senior citizen and deposit Rs 2 lakh in a 3-year FD in Bank of Baroda, you will get a total of Rs 2,47,015 on maturity, which includes a fixed interest of Rs 47,015.
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