Looking for a safe place to grow your savings? Bank of Baroda is currently offering attractive interest rates on its Fixed Deposit (FD) schemes.
The bank is providing FD interest rates ranging from 3.50% to 7.05%.
Customers can choose deposit tenures starting from just 7 days up to 10 years.
Let’s take a closer look at how much you can actually earn.
Special FD and 5-Year FD Interest Rates
Bank of Baroda is offering its highest interest on a 444-day special FD scheme.
Here are the rates for the 444-day deposit:
6.45% for general citizens
6.95% for senior citizens (60+ years)
7.05% for very senior citizens (80+ years)
For those looking at a longer period, the 5-year FD scheme is also offering strong returns:
6.30% for general citizens
6.90% for senior citizens
7.00% for very senior citizens
This makes the 5-year FD a stable option for those planning long-term savings.
How Much Will ₹1 Lakh Grow in 5 Years?
Here’s what happens if you invest ₹1,00,000 in the 5-year FD scheme.
If you are a general citizen, your maturity amount will be around ₹1,36,690.
This means you earn fixed interest of ₹36,690 over five years.
If you are a senior citizen, the maturity amount rises to about ₹1,40,784.
That’s a fixed interest gain of ₹40,784.
For very senior citizens, the return is even better.
A ₹1 lakh deposit will grow to around ₹1,41,478. That includes fixed interest of ₹41,478.
Is This FD Worth Considering?
For investors who prefer safety and guaranteed returns, FDs remain one of the most trusted options.
With competitive rates and higher benefits for senior citizens, Bank of Baroda’s 5-year FD can be a reliable choice for steady growth without market risk.
