The Bank of Baroda, a government-owned bank under the Central Government, offers attractive interest rates on Fixed Deposits (FDs).
Customers can open an FD account for as short as 7 days and up to a maximum of 10 years.
The bank provides interest rates ranging from 3.50% to 7.20%.
Under this scheme, a deposit of ₹1,00,000 can earn you a fixed guaranteed interest of ₹23,508.
3-Year FD Offers Higher Returns
In FD accounts, customers receive back their full principal along with guaranteed interest after the chosen tenure.
Among its offers, Bank of Baroda provides the highest FD interest for a tenure of 444 days.
444-day FD:
General public: 6.60%
Senior citizens: 7.10%
Super senior citizens (80+ years): 7.20%
3-year FD:
General public: 6.50%
Senior citizens: 7.00%
Super senior citizens: 7.10%
Earnings on ₹1,00,000 FD Deposit
Here’s how much you can earn on a 3-year FD deposit of ₹1,00,000:
General public (below 60 years):
Maturity amount: ₹1,21,341
Fixed interest earned: ₹21,341
Senior citizens (60+ years):
Maturity amount: ₹1,23,144
Fixed interest earned: ₹23,144
Super senior citizens (80+ years):
Maturity amount: ₹1,23,508
Fixed interest earned: ₹23,508
