Bank of Baroda is offering its customers interest ranging from 7.15 per cent to 7.65 per cent on FDs with tenures ranging from 2 years and 1 day to 3 years.
Bank of Baroda Saving Schemes: Public sector Bank of Baroda (BoB) is giving excellent interest to its customers on savings accounts. However, today the Reserve Bank of India has announced a cut of 0.25 percent in the repo rate. Today we will tell you about such a scheme of BoB, in which you can get a bumper interest of Rs 51,050 by depositing only Rs 2 lakh. Let us tell you that this interest of Rs 51,050 on Rs 2 lakh is absolutely fixed and you will get this benefit with guarantee.
Fixed and guaranteed interest of ₹51,050 on ₹2,00,000
Bank of Baroda is offering its customers interest ranging from 7.15 percent to 7.65 percent on FDs with tenures ranging from 2 years and 1 day to 3 years. In this scheme, 7.15 percent interest is being offered to general citizens and 7.65 percent interest is being offered to senior citizens. If you are a general citizen and deposit Rs 2 lakh in this scheme for 3 years, then you will get a total of Rs 2,47,379 on maturity. This includes a fixed and guaranteed return of Rs 47,379. If you are a senior citizen and deposit Rs 2 lakh in this scheme for 3 years, then you will get a total of Rs 2,51,050 on maturity. This includes a fixed and guaranteed return of Rs 51,050.
FD interest rates are going to decrease soon
This second largest bank of the country has brought a new special FD scheme of 444 days for its customers. On this FD scheme also, 7.15 percent interest is being given to general citizens and 7.65 percent interest is being given to senior citizens. Let us tell you that today RBI has announced a cut of 0.25 percent in the repo rate. With this decision of RBI, along with the interest rates of loans, the interest rates of FD (Fixed Deposit) will also decrease. Now gradually all the banks will start reducing the interest rates of FD. Therefore, if you get FD done as soon as possible, you will be benefited.
(Disclaimer: This news is for information only. Please consult your financial advisor before investing.)
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