BOB Flexi SDP: Bank of Baroda has introduced a new investment product called BOB Flexi SDP (Systematic Deposit Plan), designed to offer both assured returns and flexible monthly deposits. 

This scheme stands out for allowing customers to adjust their monthly contributions based on their budget, a significant upgrade from traditional recurring deposit (RD) schemes.

What Makes BOB Flexi SDP Unique?

Unlike conventional RDs that require a fixed monthly installment, BOB Flexi SDP lets customers increase their EMI up to 10 times the base amount. Investors can start with as little as ₹500 per month, and increase their deposits in multiples of ₹100. 

The maximum monthly deposit limit is ₹1 lakh, giving savers the flexibility to scale their investments when their budget allows.

Fixed Interest, No Market Risk

One of the biggest advantages of the BOB Flexi SDP is its fixed interest rate for the entire tenure, providing stability and predictability. 

For example, a two-year deposit currently offers an annual interest of 6.50%. Senior citizens receive a slightly higher rate of 7.00%, while super senior citizens enjoy 7.10% per annum.

Investment Tenure and Added Benefits

Investors can choose a tenure ranging from 6 months to 5 years. Apart from guaranteed returns without market risk, BOB Flexi SDP offers the added benefit of loan or overdraft facilities of up to 95% of the deposit amount. 

Nomination facility is also available, making it a secure option for goal-based savings like education, travel, or emergencies.

Available Nationwide

The BOB Flexi SDP scheme is now available at all Bank of Baroda branches across India. With its flexible structure and assured returns, this new offering is likely to attract a wide range of investors looking for a smarter, more adaptable way to save.

Disclaimer: This article is for informational purposes only. Interest rates and terms are subject to change. Please consult Bank of Baroda or a financial advisor before investing in BOB Flexi SDP.