BOB 444 Days FD: There is an opportunity to invest in Bank of Baroda’s Square Drive Deposit Scheme. You can get better returns by investing in this scheme.
After the Reserve Bank of India (RBI) cut the repo rate twice in a row, most banks have reduced the interest on FDs. Due to this, the return on FDs has reduced. However, it is not that the opportunity to get great returns on FDs is over. Many banks are still getting better returns on special FD schemes. One of those schemes is Bank of Baroda’s Square Drive Deposit Scheme. Let’s know about this FD scheme of Rs 444.
bob 444 days fd interest rate
BOB Square Drive Deposit Scheme is a 444-day term deposit scheme, which is offering interest rates of up to 7.10% per annum for general public, 7.60% per annum for senior citizens, 7.70% per annum for very senior citizens (aged 80 years or above) and 7.75% per annum on non-callable (deposits ranging from Rs 1 crore to less than Rs 3 crore) deposits. You can get better returns by investing in this 444-day FD.
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You can open FD through online platforms like Bank of Baroda’s World App, Internet Banking or by visiting the branch.
bob 444 days fd rates calculator
If you invest 100000 rupees in Bank of Baroda’s Square Drive Deposit Scheme, then on maturity you will get 1,08,938 rupees. That is, a fixed return of 8,938 rupees.
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