Bank of Baroda FD Scheme: Bank of Baroda is a government bank. This government bank is giving excellent interest on FD schemes to its customers. FD account can be opened in Bank of Baroda for a minimum period of 7 days. Apart from this, you can open an FD account in this government bank for a maximum period of 10 years. In Bank of Baroda, interest ranging from 3.50 percent to 7.05 percent is available on FD schemes of different tenures. Here we will know that if you deposit Rs 2 lakh in Bank of Baroda’s FD scheme with a tenure of 12 months i.e. 1 year, then how much interest will you get?
Interest ranging from 6.10 percent to 6.60 percent is available on 12 month FD scheme.
Bank of Baroda is giving the highest interest to its customers on the special FD scheme of 444 days. This bank is offering the highest interest of 6.45 percent to general citizens, 6.95 percent to senior citizens (above 60 years) and 7.05 percent to very senior citizens (above 80 years) on 444-day ‘bob Square Drive Deposit Scheme’. Apart from this, this bank is offering 6.10 percent interest to general citizens and 6.60 percent interest to senior citizens and very senior citizens on 12 month FD scheme.
How much interest will you get if you deposit ₹ 2 lakh in 12 month FD?
If you deposit Rs 2 lakh in Bank of Baroda’s FD scheme for 12 months, then an ordinary citizen will get a total of Rs 2,12,482 including fixed interest of Rs 12,482 on maturity. If you deposit Rs 2 lakh in a 12 month FD scheme in Bank of Baroda, then on maturity, senior citizens will get a total of Rs 2,13,530 including fixed interest of Rs 13,530. Similarly, very senior citizens will also get a total of Rs 2,13,530 including fixed interest of Rs 13,530 on depositing Rs 2 lakh in a 12 month FD scheme in Bank of Baroda. Let us tell you that bank FD is a safe investment scheme, in which on maturity you get all the money back with a fixed interest.