New FD scheme launched: 7.75% interest will be available on 444 days tenure, investment starts from April 7

Bank of Baroda has launched a new FD scheme. On which attractive interest is also being given. Its duration is 444 days. Let’s know who can avail the benefits and how?

RBI’s MPC meeting is currently going on. The decision regarding the repo rate is going to come on April 9. Even before this, the public sector Bank of Baroda has given a gift to its customers. A new Special FD Scheme has been launched. Its benefits can be availed from April 7.

The name of this scheme is “BoB Square Drive Deposit Scheme”. Under this FD scheme, the bank is offering better returns to the customers on a tenure of 444 days. Both callable and non-callable options are available in it. For non-callable, an investment of more than 1 crore and less than 3 crore rupees can be made. Both single and joint accounts can be opened for these schemes.

How much return will you get?

Bank of Baroda is offering 7.15% interest to the investors of its Square Drive Deposit Scheme on choosing the callable option. Senior citizens are getting 7.65% interest and super senior citizens are getting 7.75% interest. On choosing the non-callable option, general citizens are getting 7.20% interest, senior citizens are getting 7.70% interest and super senior citizens are getting 7.80% interest.

How much interest is the bank giving on normal FD?

Bank of Baroda has made new interest rates on fixed deposits effective from 7 April 2025. The bank is offering interest ranging from 4.25% to 7.15% to general citizens on FDs ranging from 7 days to 10 years. Senior citizens are getting 0.50 percent extra interest. The bank is offering the highest returns on tenures of more than 2 years and up to 3 years.

Know the interest rate according to tenure

7 days to 14 days – 4.25%
15 days to 45 days – 4.50%
46 days to 90 days – 5.50%
91 days to 180 days – 5.60%
181 days to 210 days – 5.75%
211 days to 270 days – 6.25%
271 days to less than 1 year – 6.50%
1 year – 6.85%
More than 1 year and up to 400 days – 7%
More than 400 days and less than 2 years – 7%
More than 2 years and up to 3 years – 7.15%
More than 3 years and up to 5 years – 6.80%
More than 5 years and up to 10 years – 6.50%
More than 10 years – 6.25%

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