BOB Fixed Return: Bank of Baroda India’s second-largest public sector bank by market cap, continues to offer attractive fixed deposit returns despite recent repo rate cuts by the RBI. 

This move comes at a time when most banks have reduced their FD interest rates following a 1% cut in the repo rate this year.

BOB Fixed Return Scheme Details

Under the BOB Fixed Return scheme the bank currently offers interest rates ranging from 3.50% to 7.20% on different FD tenures. You can open a fixed deposit in Bank of Baroda for durations ranging from 7 days to 10 years.

At present FDs with a tenure of 444 days offer the highest returns, with rates going up to 7.20%. For deposits between one year to three years, the bank offers 6.50% to 7.10% interest, depending on the exact period and eligibility.

Extra Benefits for Senior Citizens

Bank of Baroda also provides additional benefits for senior citizens. Compared to the general public, senior citizens receive an extra 0.50% interest, while super senior citizens get 0.60% more. 

This means higher guaranteed returns for elderly depositors under the BOB Fixed Return plan.

Earn Over ₹47,000 Fixed Interest on ₹2 Lakh FD

For example, if a regular customer invests ₹2 lakh in a three-year FD, they will receive around ₹2,42,681 at maturity, including ₹42,681 as fixed interest. 

Senior citizens stand to gain more. A senior citizen investing the same amount for three years will get ₹2,46,287 at maturity. For super senior citizens, the return goes up to ₹2,47,015, giving them a BOB Fixed Return of over ₹47,000 guaranteed.

This makes Bank of Baroda’s FD scheme a stable option for those seeking safe, assured returns with additional benefits for seniors.

Disclaimer: This article is for information purposes only. Investment advice is not being given here. Consult an appropriate financial advisor before making any investment.