You will get tremendous returns on FD in this government bank, know the details before investing.

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bank FD safe investment

If you are planning to invest your hard-earned money in a safe place, then there is a good news for you. You can invest your money in fixed deposit i.e. FD.

BoB started a new scheme

Public sector Bank of Baroda has started a new deposit scheme. Under this scheme, the investor will be paid interest in the range of 7.1-7.6 percent per year on the deposited amount. Bank customers can avail the benefits of this scheme from January 18.

You will get benefit on deposit of Rs 2 crore

Bank of Baroda (BoB) said in a statement that its special short-term retail deposit scheme offers an interest rate of 7.60 percent per annum for senior citizens and 7.10 percent for others. This scheme is applicable to retail deposits of less than Rs 2 crore.

You can invest online

The bank was earlier offering 6.25 percent interest on bulk deposits of 271 days. Existing and new customers of the bank can open this deposit scheme named ‘BOB360’ in any branch online or with the help of mobile app.

FD is a safe option

Bank FD is considered a safe investment. It is not affected by the market. The money is deposited in the bank for a specified period of time and the bank offers interest against it at a fixed rate.

will get definite benefits

Fixed deposits provide permanent benefits to investors, but their interest rates are pre-determined and communicated in advance.

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