Bank FDs are a popular investment option, especially for those who want to keep their money safe. If you also want to invest in an FD, choose a bank that offers the highest interest rate. This will give you a better return on your investment. Always compare the interest rates of different banks to find the best FD account according to your needs.
The country's big government banks, SBI and PNB, give their customers a very good interest rate on FD. Due to this, some people do FD in big banks like SBI and PNB for better returns. But Bank of Baroda (BoB) is giving a higher interest rate than both these banks on its 2-year FD, which is an attractive option for the customers.
BOB FD-
Bank of Baroda offers FDs with various tenures to its customers. Bank of Baroda (BOB) offers fixed deposit (FD) schemes with tenures ranging from 7 days to 10 years, which offer interest ranging from 4.25% to 7.65%. If you want to invest, a 2-year FD is a good option. The general public gets 7% interest rate on this, and senior citizens get a 7.50% interest rate.
Return on investment of Rs 2 lakh in BOB's 2-year FD-
If you invest Rs 2 lakh in BOB's 2-year FD, you will get a total of Rs 2,29,776 on maturity. At the same time, senior citizens will get a total of Rs 2,32,044.
Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.
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