Bank Savings Scheme: Deposit ₹ 1,00,000 in Bank of Baroda and get fixed return of ₹ 16,022, check details

Public sector Bank of Baroda is offering interest ranging from 4.25 per cent to 7.65 per cent to its customers on FD schemes of different tenures.

Bank of Baroda Savings Scheme: Bank of Baroda is the second largest government bank in the country in terms of market cap. Crores of Indians have accounts in Bank of Baroda (BoB). This government bank is giving great interest to its customers on savings accounts. Today we are going to tell you about such a savings scheme of Bank of Baroda, in which you can get fixed interest of Rs 16,022 by depositing just Rs 1 lakh. Yes, we are talking about Bank of Baroda’s 2-year FD scheme.

BoB is giving 7.00 to 7.50 percent interest on 2-year FD

Public sector Bank of Baroda is giving its customers interest ranging from 4.25 percent to 7.65 percent on FD schemes of different tenures. This government bank is giving 7.15 percent interest to general citizens and 7.65 percent interest to senior citizens on the special FD scheme of 444 days. Bank of Baroda is giving bumper interest of 7.00 percent to general citizens and 7.50 percent to senior citizens on 2-year FD. Let us tell you that after the Reserve Bank of India reduced the repo rate, Bank of Baroda also reduced the interest rates of its savings schemes.

If you deposit Rs 1 lakh, you will get a fixed interest of Rs 16,022

By depositing just Rs 1 lakh in a 2-year FD of Bank of Baroda, you can get a fixed interest of Rs 16,022. If a common citizen, whose age is less than 60 years, deposits Rs 1,00,000 in a 2-year FD in Bank of Baroda, then he will get a total of Rs 1,14,888 on maturity. In this, he will get Rs 14,888 as fixed interest. Similarly, if a senior citizen, whose age is 60 years or more, deposits Rs 1,00,000 in it, then he will get a total of Rs 1,16,022 on maturity, in which he will get Rs 16,022 as fixed interest.

(Disclaimer: This is not an investment advice but just an information. Consult your financial advisors before taking any decision related to money.)

The post Bank Savings Scheme: Deposit ₹ 1,00,000 in Bank of Baroda and get fixed return of ₹ 16,022, check details first appeared on informalnewz.

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