FD Interest Rate:Â In today’s time, everyone thinks about investing so that in the coming time he can keep his family’s future safe. If you are also looking for a great way of investment (Investment in FD), then you can invest in FD. By investing in FD for 444 days, you can get a profit of 31600. Let’s know the complete details about this in detail.
FD Interest Rate:Â Investing in FD is said to be the safest way of investment. If you invest in FD, then due to this you can get great returns in a very short time. In all the banks, you are given different interest rates on FD (FD return in India). Today we are going to tell you about a bank which is giving you a profit of 31600 on investing for 444 days. Due to this, investors can get a lot of benefit. Know the complete details about this in the news.
Great interest rate is available in this bank-
The name of Bank of Baroda (Bank Of Baroda FD scheme) is also included in the list of big government banks of the country. Bank of Baroda has recently launched a new fixed deposit scheme. Bank of Baroda has changed the interest rates of its FD on 7 April.
Along with this, Bank of Baroda (Bank Of Baroda) has also launched a new FD scheme. The name of this new FD is bob Square Drive Deposit Scheme. Talking about the time period of this scheme, it is 444 days. A maximum amount of up to Rs 3 crore can be invested in this scheme of Bank of Baroda (FD in Bank Of Baroda).
Interest will be available in this scheme according to this-
In BOB Square Drive Deposit Scheme, 7.15 percent annual interest is being given to the general citizens (FD interest rate in BOB). Senior citizens will get 7.65 percent annual interest. Super senior citizens will be given 7.75 percent annual interest rate (FD annual interest rate in BOB).
This much interest will be available on investment of more than 1 crore-
If the deposit amount is more than 1 crore and less than 3 crores. It is non-callable (Non-Callable FD kya h), then the bank will offer you an interest rate of 7.20 percent to 7.80 percent on this amount. At the same time, money cannot be withdrawn before maturity (FD maturity amount) in non-callable FD. If you withdraw the money, then the bank deducts a charge.
Know what is callable FD-
Money can be withdrawn before maturity in callable FD (Callable FD kya h). With this scheme, the bank has discontinued its old ‘Utsav Deposit Scheme’. This was launched during the festival time. This scheme has now been discontinued. Now Bank of Baroda has launched an FD scheme in the name of BOB (FD In BOB) Square Drive Deposit Scheme.
This much interest will be available on 444 days FD-
If a senior citizen invests Rs 4 lakh in a 444-day FD of Bank of Baroda (BOB 444 Days FD scheme) at an interest rate of 7.80 percent, then the cool amount on maturity will be Rs 4,31,600. This means that senior citizens (FD rates for senior citizens) will get a return of Rs 31600 in 444 days.
BOB’s new FD interest rates-
7 to 14 days – 4.25 percent, 15 to 45 days – 4.50 percent, 46 to 90 days – 5.50 percent, 91 to 180 days – 5.60 percent, 181 to 210 days – 5.75 percent, 211 to 270 days – 6.25 percent, 271 days to 1 year – 6.50 percent, 1 year – 6.85 percent, 1 year to 400 days – 7 percent (7.50 percent for senior citizens, 7.60 percent for super senior citizens), 2 to 3 years – 7.15 percent (seniors – 7.65 percent, super senior citizens – 7.75 percent) 5 to 10 years – 6.50 percent (super senior citizens – 7.50 percent) Interest rate as per This much interest will be given on Tax Saving FD-
If you get Tax Saving FD done in Bank of Baroda for 5 years, then the interest rate on this FD is given to the general citizens at the rate of 6.80 percent. At the same time, senior citizens are given an interest rate of 7.40 percent.
7.50 percent interest is being given to Super Senior Citizens (FD scheme for Super Senior Citizen). On tax saving FDs of more than 5 years and up to 10 years, 6.50 percent interest is being given to general customers and up to 7.50 percent interest is being given to senior and super senior senior citizens (interest rate for Super Senior Citizen).
Reason for Bank of Baroda’s change-
The bank said that these changes have been made according to the current market conditions. Due to this, more options will be given to investors (FD investers) and interest rates will become more attractive, especially for senior citizens. The new interest rates and schemes are going to be applicable from 7th April 2025. This is going to be applicable on FDs of less than Rs 3 crore.
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