BOB Update: Investing Rs 1 lakh in BOB Bank FD will give a profit of Rs 15,114...

FD Rates: A few days ago, RBI reduced the repo rate. Due to the reduction in repo rate, some banks across the country have reduced the interest rates of FD. But even today, there are some banks that are offering bumper returns on FD. We are going to tell you about one such bank which is offering you bumper returns on FD. Know the complete details about this in the news.

These banks give more interest on FDs from 7 days to 10 years.

In the new FD scheme of Bank of Baroda (Bank of Baroda FD Interest Rate), interest rates of 3.50 percent to 7.20 percent are being offered on investment for 7 days to 10 years. Special rates are being offered to senior and very senior citizens in this bank. Interest of up to Rs 15,114 is being offered on investment of Rs 1 lakh on 2-year FD.

BoB Bank has launched a new FD scheme -

Recently, Bank of Baroda (BOB FD Rate) has introduced a fixed deposit (FD) scheme for its customers, which will win the hearts of the customers. Even though the Reserve Bank of India (RBI) has cut the repo rate by 1.00 percent this year, interest rates on FD are seeing a slight decrease. However, Bank of Baroda's FD scheme is still amazing. According to market cap, the country's second-largest government bank is giving interest ranging from 3.50 percent to 7.20 percent on its FD.

Know the interest rate on FD from 7 days to 10 years.

In Bank of Baroda, you can invest in FD from 7 days to 10 years. This bank is offering interest of 3.50 percent to 4.00 percent on short-term FDs, i.e., 7 to 14 days. However, the real deal is its 444 days special FD scheme, in which you are being offered interest ranging from 6.60 percent to 7.20 percent.

If you invest in FD for 1 year (FD Interest Rate), then general citizens are being offered interest rates ranging from 6.50 percent to 7.00 percent. Apart from this, the interest rates on 2-year FDs are even more attractive. Apart from this, general citizens are being offered interest rates of 6.50 percent, senior citizens 7.00 percent, and super senior citizens (above 80 years of age) 7.10 percent.

Investing 1 lakh rupees will give this much return.

If you are a common citizen and invest 1 lakh rupees in a 2-year FD in Bank of Baroda, then on maturity, you are given a total of Rs 1,13,763. That is, an interest of Rs 13,763 is being offered in this. However, if you are a senior citizen, then this deal can be even better for you.

On depositing 1 lakh rupees in a 2-year FD (FD Rate), you are given Rs 1,14,888. This will have an interest of Rs 14,888, and if you are a very senior citizen, that is, above 80 years of age, then on investing 1 lakh rupees in this bank, you will be given Rs 1,15,114 during maturity. This includes interest of a full Rs 15,114.

Know why this scheme is so special.

This FD scheme of Bank of Baroda is special because it brings something new for every type of investor. Whether you want to invest for a short period or for a long time, this bank can prove to be an option for every need.

Higher interest rates, especially for senior and very senior citizens (Senior Citizens FD Interest Rate), make it more attractive. Along with this, it is a government bank, so your money is completely safe. In today's era, where interest rates are falling, this scheme of Bank of Baroda can be a great opportunity to increase your money.

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.