Bank of Baroda New FD Scheme: Bank of Baroda, one of the major government banks in India, recently introduced a special fixed deposit plan.
Called the BOB Square Drive Deposit Scheme, it was launched on 7 April. Initially, the interest offered was 7.15% per annum, but the bank has now lowered this rate.
This FD has a 444-day tenure and is similar to SBI’s Amrit Vrishti Scheme, which also runs for 444 days. The new rates are effective from 5 May 2025.
Revised Interest Rates in BOB Square Drive Deposit Scheme
General customers were earning 7.15%, now reduced to 7.10%
Senior citizens were getting 7.65%, now it’s 7.60%
Super senior citizens were earning 7.75%, now they get 7.70%
So, BOB has reduced the interest rates for all categories by 0.05% on this FD scheme.
Interest Rates on Other BOB Fixed Deposits
7 to 14 days:
4.00% (general), 4.50% (seniors)
15 to 45 days:
4.00% (general), 4.50% (seniors)
46 to 90 days:
5.50% (general), 6.00% (seniors)
91 to 180 days:
5.60% (general), 6.10% (seniors)
181 to 210 days:
5.75% (general), 6.25% (seniors)
211 to 270 days:
6.25% (general), 6.75% (seniors)
271 days to less than 1 year:
6.50% (general), 7.00% (seniors)
1 year:
6.80% (general), 7.30% (seniors)
More than 1 year to less than 400 days:
6.80% (general), 7.40% (seniors)
Above 400 days to 2 years:
6.80% (general), 7.40% (seniors)
Above 2 years to 3 years:
7.00% (general), 7.50% (seniors)
Above 3 years to 5 years:
6.80% (general), 7.30% (seniors)
Above 5 years to 10 years:
6.50% (general), 7.50% (seniors)
Above 10 years (Court Order Scheme):
6.25% (general), 6.75% (seniors)
444 days (Square Drive Deposit Scheme):
7.10% (general), 7.60% (seniors)
Bank of Baroda’s new special FD still offers attractive returns, especially for a 444-day investment, despite the small cut in interest rates.
