Bank of Baroda: Usually the most popular investment scheme in the country is fixed deposit. Due to which people invest without thinking much.
Because for years people have faith in bank FD. If you are also thinking of investing money in bank fixed deposit these days. So there is a bumper opportunity for you.
Bank of India has given good news to its crores of customers. The bank has recently updated various types of interest rates on its fixed deposit. Due to which you new customers will start earning bumper money.
Bank of India has brought smiles on the faces of FD customers, due to which the bank has increased the interest rate of fixed deposit (FD) from August 1. These rates of the bank are for deposits ranging from 180 days to less than a year. According to the bank’s official website, after this change, interest rates ranging from 3% to 7.30% are being given on FD rates.
These are the interest rates on FDs of less than 3 crores
3% interest rate will be given on FDs of 7 to 14 days.
You will get an interest rate of 3% on FDs of 15 days to 30 days and 31 days to 45 days.
At the same time, you will get an interest rate of up to 4.50 percent on FDs of 46 days to 90 days and 91 days to 179 days.
On investment of less than 3 crores, the bank will give an interest rate of up to 6 percent on FDs of 180 days to 210 days and 211 days to 269 days.
You will get an interest rate of 6.80% on FDs of 1 year or 2 years.
You will get an interest rate of 7.30 on FDs of 666 days.
Apart from this, you will get an interest rate of 6.75 percent on FDs of more than 2 years and less than 3 years.
Senior citizens are getting such special rates
Like other banks, Bank of India is also giving bumper earning options to senior citizens. Due to which super senior citizens will get a separate interest rate of 0.65%. On the other hand, if senior citizens invest in FDs with maturity of six months or more, then they are getting a separate interest rate of 0.50% on deposits of less than Rs 3 crore.