Amazing FD Scheme: If you deposit Rs 1 lakh, you will get Rs 23,508 Interest Rate
Bank of Baroda FD Scheme: The Reserve Bank of India (RBI) once again cut the repo rate by 0.25 percent in December. With this, the repo rate has been reduced by a total of 1.25 percent this year. While this reduction in the repo rate has made loans cheaper, it has also led to a decrease in returns on fixed deposits (FDs). However, the public sector bank, Bank of Baroda, has not yet announced any further reduction in its FD interest rates. Bank of Baroda is still offering its customers attractive interest rates on their FD accounts. Today, we will learn about a Bank of Baroda scheme where you can deposit just ₹1 lakh and earn a guaranteed fixed interest of up to ₹23,508.
Bank of Baroda offers Fixed Deposits (FDs) for tenures ranging from 7 days to 10 years. This public sector bank is offering interest rates ranging from 3.50 percent to 7.20 percent on its FD accounts. Bank of Baroda is offering the highest interest rate of 6.60% to general citizens, 7.10 percent to senior citizens, and 7.20 percent to super senior citizens (those above 80 years of age) on its 444-day FD. The bank is offering 6.50 percent interest to general citizens, 7.00 percent to senior citizens, and 7.10 percent to super senior citizens on its 3-year FD.
Fixed interest of up to Rs. 23,508 on a deposit of Rs. 1 lakh: If you are a general citizen and deposit Rs. 1,00,000 in a 3-year FD scheme at Bank of Baroda, you will receive a total of Rs. 1,21,341 on maturity, which includes a fixed interest of Rs. 21,341. Similarly, if you are a senior citizen and deposit Rs. 1,00,000 in Bank of Baroda, you will receive a total of Rs. 1,23,144 on maturity, including a fixed interest of Rs. 23,144. And if you are a super senior citizen and deposit Rs. 1,00,000 in a 3-year FD scheme at Bank of Baroda, you will receive a total of Rs. 1,23,508 on maturity, which includes a fixed interest of Rs. 23,508.
