Bank of Baroda FD Scheme : As you all know, in today’s time, the cost of living and inflation are continuously rising day by day. In such a situation, every individual wishes to save and invest a certain percentage of their income in a secure government fund or a bank’s fixed deposit scheme to ensure financial stability in the future. If you are also one of those people looking for a safe and profitable investment option, then here’s some good news for you — Bank of Baroda’s Fixed Deposit Scheme is offering excellent interest rates with guaranteed returns. Let’s understand in detail how much interest and maturity amount you can get by investing ₹2,00,000 in Bank of Baroda’s 12-month Fixed Deposit Scheme.
Bank of Baroda 12-Month Fixed Deposit Offers 6.85% Interest for General Citizens
According to the latest information, Bank of Baroda offers an attractive interest rate of 6.85% per annum for general citizens and 7.35% per annum for senior citizens on its 12-month fixed deposit. This makes it one of the most rewarding FD schemes in the banking sector today.
If you are planning to invest your savings securely and earn a guaranteed return, then investing in Bank of Baroda’s FD scheme can be a great decision for you. The scheme ensures both safety and growth of your hard-earned money.
Example: ₹2,00,000 Investment in Bank of Baroda 12-Month FD
Let’s take an example to understand the potential returns from this FD.
If a general citizen invests ₹2,00,000 in Bank of Baroda’s 12-month fixed deposit, the investor will earn an annual interest rate of 6.85%. After the completion of one year (12 months), the total maturity amount will be approximately ₹2,13,950.
This means your investment of ₹2,00,000 will generate a profit (interest income) of around ₹13,950 in just one year — a safe and reliable return without any market risk.
Higher Interest for Senior Citizens
Bank of Baroda offers an additional 0.50% interest rate to senior citizens on fixed deposits. Hence, senior citizens can earn 7.35% per annum on the same 12-month FD.
For instance, if a senior citizen invests ₹2,00,000 for 12 months, they will receive a total maturity amount of approximately ₹2,15,040 at the end of the tenure.
This higher return makes Bank of Baroda’s FD scheme a highly attractive investment option for retirees who seek a secure, stable, and risk-free source of income.
Key Benefits of Bank of Baroda Fixed Deposit Scheme
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Attractive Interest Rates:
Bank of Baroda offers competitive interest rates compared to many other public and private sector banks. -
Flexible Tenure Options:
You can choose a tenure ranging from 7 days to 10 years, depending on your financial goals.
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Guaranteed Returns:
Unlike market-linked instruments, fixed deposits offer assured returns irrespective of market fluctuations. -
Additional Benefits for Senior Citizens:
Senior citizens receive an extra 0.50% interest rate, making it a perfect choice for retirees. -
Loan Facility Against FD:
You can also avail of a loan or overdraft against your fixed deposit in case of an emergency, without breaking your FD. -
Nomination Facility:
The scheme allows you to nominate a family member to receive the maturity amount in case of unforeseen events. -
Easy Account Opening:
You can open a Bank of Baroda FD account both online and offline through any branch or the official website/app.
Why You Should Choose Bank of Baroda FD
Bank of Baroda, being one of India’s most trusted and government-backed banks, ensures complete safety of your deposits. The FD schemes are ideal for individuals who prefer low-risk, fixed-return investments over volatile options like mutual funds or stocks.
With a wide range of FD options and attractive rates, the Bank of Baroda’s 12-month FD plan is suitable for both short-term savings and medium-term financial goals such as education, vacation, or emergency funds.
Summary Table of Returns
| Investor Type | Investment Amount | Tenure | Interest Rate | Maturity Amount | Total Interest Earned |
|---|---|---|---|---|---|
| General Citizen | ₹2,00,000 | 12 months | 6.85% | ₹2,13,950 | ₹13,950 |
| Senior Citizen | ₹2,00,000 | 12 months | 7.35% | ₹2,15,040 | ₹15,040 |
Conclusion
In the current era of increasing inflation and financial uncertainty, Bank of Baroda’s 12-month Fixed Deposit Scheme is a safe and reliable way to grow your savings. With attractive interest rates of 6.85% for general citizens and 7.35% for senior citizens, investors can enjoy guaranteed returns without worrying about market risks.
So, if you are planning to invest your money securely for a short duration, Bank of Baroda’s FD scheme is one of the best options to consider. Your ₹2,00,000 investment can yield a handsome return of over ₹13,000 to ₹15,000 in just 12 months — ensuring both financial safety and steady growth of your savings.
