Fixed Deposits (FDs) have continued to be one of the most popular and safe forms of investment. To lure the depositors, banks keep introducing special FD schemes at higher rates of interest. Recently, Bank of Baroda (BoB) has introduced a special FD scheme of 666 days with a promise of bumper returns at attractive rates of interest. This scheme is meant for investors who are looking for short- to medium-term safe investment options with assured returns.
Special FD Scheme of 666 Days
The 666 days FD scheme by Bank of Baroda is a limited-period offer provided to customers to earn higher interest over and above what is normally paid on deposits. Under this scheme:
- The interest rate is higher than that on normal standard FDs.
- Both categories of customers-general customers as well as senior citizens-are eligible to this benefit.
- Senior citizens, though, have an additional interest rate bonus making it more favorable for them.
Interest Rates and Returns
Bank of Baroda is offering competitive interest rates under this plan. The rate is 7.15% per annum for general customers, whereas it rises higher for senior citizens, i.e. 7.65% per annum.
- For example, an investment of ₹1,00,000 for 666 days can give a good return higher than any normal FD.
- Senior citizens can actually earn a little more because of that extra rate bonus from the bank.
Scheme Benefits
Some of the many benefits available under this FD scheme are:
- Higher returns than the normal FD rates.
- This FD has a rather unique tenure of 666 days, the perfect time period for those who want to invest for just under 2 years.
- Safe and secure investment with fixed returns.
- Premature withdrawal facility as per bank norms.
- Suiting both short-term investors and retirees looking for steady income.
Why You Should Consider It
In times when stock markets are volatile and mutual funds involve risks, the Bank of Baroda 666-day FD scheme offers a safe yet rewarding investment option. The scheme is especially attractive to senior citizens, who can lock in high returns without worrying about fluctuations in the market.
Conclusion
The new Bank of Baroda FD Scheme of 666 days is a golden opportunity for investors who prefer safe, short-term, and high-return options. With interest rates up to 7.65% for senior citizens, the scheme ensures bumper returns with complete security. Any investor who seeks guaranteed returns must consider this FD scheme.