Bank of Baroda has introduced a new fixed deposit scheme Bob Square Drive Deposit Scheme (also known as Bob Festival Deposit Scheme), which has been introduced with attractive interest rates for a limited period. This scheme is particularly beneficial for investors who are looking for a safe investment option with fixed returns.
Under this scheme, customers can make fixed deposits (FD) for 444 days. Original citizens get an interest rate of 7.25% per annum on this, while senior citizens can get 7.75% and super senior citizens (80 years and more) can get interest of up to 7.95%. These rates are considered to be the most among the bank's current FD schemes, which is becoming quite popular among investors.
One of the special features of this scheme is that it is only applicable to retail term deposits, ie it is designed for individual investors. The scheme is particularly beneficial for the residents of Indian senior citizens and very senior citizens, as they get the benefit of high interest rate.
Bank of Baroda has also introduced an alternative 399 day FD scheme with this scheme, in which equal interest rates are applied. 7.25% for common citizens and 7.75% for senior citizens. Both schemes are the best options for investors who think of short -term but safe investment.
In the digital age, Bank of Baroda has also provided the facility of opening online FD, so that customers can easily take advantage of this scheme sitting at home. Investors can invest in this scheme through the bank's website or mobile app.
