If you are looking for a safe and profitable way to invest your money, then Bank of Baroda’s FD scheme might be a good option for you.
While many banks have lowered interest rates on savings schemes after the RBI recently reduced the Repo Rate, this major public sector bank is still offering good returns.
Earn over ₹32,000 on ₹2 lakh
By investing ₹2,00,000 in Bank of Baroda’s 2-year fixed deposit, you can earn fixed interest of up to ₹32,044 at the time of maturity.
For regular investors
Interest Rate: 7.00% per year
Total Return: ₹2,29,776 (₹29,776 interest)
For senior citizens (aged 60 or above):
Interest Rate: 7.50% per year
Total Return: ₹2,32,044 (₹32,044 interest)
Interest rate up to 7.65% at Bank of Baroda
Bank of Baroda is currently giving interest rates from 4.25% to 7.65% on FDs of different durations. The 2-year FD is especially attractive due to its low risk and fixed return.
What makes this scheme special?
Safe capital: The deposited money is completely secure
Liquidity: Option to withdraw full or partial FD when needed
Extra benefit for senior citizens: 0.50% higher interest rate
