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New Delhi: Bank of Baroda has come up with a fixed income scheme for its customers that offers interesting returns. RBI has slashed its policy rate by 100 basis points, inching up to 5.50 percent since February 2025, leading to the downfall in interest rates of FD by several banks. Despite this, Bank of Baroda is still promising returns. The country's third-largest public sector bank in terms of market capitalisation (M-Cap) is offering interest ranging from 3.50 percent to 7.20 percent on the fixed deposit (FD).
The bank is giving an interest rate between 3.50 percent and 4 percent on the FD made for a period of 7 days to 14 days. The hefty interest rate is something that is levied on the FD made for the 444-day special FD, where the interest rate ranges from 6.60 percent to 7.20 percent. On an FD made for 1 year, the general interest rate lies between 6.50 percent and 7 percent. Simultaneously, interest rates on an FD of more than 2 years are attracting an even higher interest rate of 6.50 percent for general citizens, 7 percent for senior citizens, and 7.10 percent for super senior citizens (above 80 years of age).
A special type of scheme is generating an interest and catching everyone's attention. A common citizen investing Rs 1 lakh in a 2-year FD is set to get an interest of Rs 13763 as per the current rate of interest. This makes the total amount Rs 113,763 (Rs 1.13 lakh). In case of an investor being a senior citizen, then the interest would turn out to be Rs 14888, totaling it to Rs 114,888 (Rs 1.14 lakh). One gets an interest of Rs 15114, if an investor is super senior citizen, totaling investment to Rs 115114 (Rs 1.15 lakh).
| Tenors | Residents / General Public | Resident Indian Sr. Citizen | Resident Super Senior Citizen |
|---|---|---|---|
| 7 days to 14 days | 3.50 | 4.00* | 4.00* |
| 15 days to 45 days | 3.50 | 4.00* | 4.00* |
| 46 days to 90 days | 5.00 | 5.50* | 5.50* |
| 91 days to 180 days | 5.00 | 5.50* | 5.50* |
| 181 days to 210 days | 5.50 | 6.00* | 6.00* |
| 211 days to 270 days | 5.75 | 6.25* | 6.25* |
| 271 days & above and less than 1 year | 6.00 | 6.50* | 6.50* |
| 1 year | 6.50 | 7.00* | 7.00* |
| Above 1 year to 400 days | 6.50 | 7.00* | 7.10 |
| Above 400 days and upto 2 Years (except 444 Days) | 6.50 | 7.00* | 7.10 |
| Above 2 Years and upto 3 Years | 6.50 | 7.00* | 7.10 |
| Above 3 Years and upto 5 Years | 6.40 | 7.00 | 7.10 |
| Above 5 Years and upto 10 Years | 6.00 | 7.00** | 7.00** |
| Above 10 years (MACADonly) | 5.50 | 6.00* | 6.00* |
| bob Square Drive Deposit Scheme (444 Days) | 6.60 | 7.10* | 7.20 |
