If you also want to increase your savings in a safe manner, then this news is for you. A major government bank has announced a bumper interest rate on 444 days fixed deposit (FD). With this new interest rate, investors will now be able to get better returns.
Actually, the new FD scheme of Bank of Baroda (BoB) can be a great opportunity for you. This bank has recently launched a special fixed deposit scheme, in which attractive interest rates are being offered to investors.
Launched under the name of ‘BoB Square Drive Deposit Scheme’, the duration of this scheme has been kept at 444 days, which is specially designed for those investors who are looking for fixed returns. Different interest rates have been fixed for common citizens, senior citizens and super senior citizens in this scheme.
-Where the interest rate for common citizens is 7.15% per annum.
-Senior citizens will get 7.65% and investors above 80 years (super senior citizens) will get 7.75% interest.
The special thing is that if you choose the option of non-callable deposit, the interest rates become even more attractive. In this option, common citizens will get 7.20%, senior citizens will get 7.70% and super senior citizens will get 7.80% annual interest.
Bank of Baroda has also made this scheme available on digital platforms, so that customers can open it through any branch or internet banking. Not only this, new customers can also open it online through video KYC, without any additional process. If you want to invest your savings in a scheme that gives stable and attractive returns, then definitely check out this new FD scheme of Bank of Baroda.
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