Features and Benefits of Bank of Baroda Fixed Deposit Scheme
1. Simple Investment with Liquidity and Flexibility: The Bank of Baroda Fixed Deposit is a secure investment option available for investors that provides guaranteed returns on investment. Fixed deposit returns are unaffected by any external circumstances, and the investor will get sure-shot returns on FD.
2. Flexible Tenure: Bank of Baroda provides a wide range of tenure options; customers can choose from a variety of terms ranging from 7 days to 10 years with a Bank of Baroda Fixed Deposit. This allows customers flexibility, as they can choose the tenure as per their investment horizon.
3. Premature/Partial Withdrawal: Bank of Baroda Fixed Deposits are a very liquid investment option for customers. The bank gives the customer the option to make withdrawals in times of emergency. Customers can close their deposits partially or fully before the date of maturity and have funds easily disbursed to the customer’s account for emergency use.
4. Additional Interest: The Bank of Baroda offers an extra 0.50% interest rate to senior citizens on top of the regular fixed deposit interest rate. This allows senior citizens to invest their savings at higher returns and manage their retirement funds more efficiently.
5. Overdraft Against FD: The Bank of Baroda also offers overdrafts against fixed deposits. This gives customers the advantage of getting instant funds without breaking the terms of a fixed deposit.
6. Automatic Renewal Facility: Bank of Baroda allows customers to open an FD that will automatically renew. This ensures that your FD is automatically renewed for the same term on the maturity date, which results in no loss of interest and manages the customer’s fund better.
Bank of Baroda FD Interest Rates 2024
Bank of Baroda (BOB) is an emerging Indian banking and financial services company, headquartered in Baroda, Gujrat. BOB is the second-largest public-sector bank in India. BOB has offices in New York, London, Dubai, Hong Kong, Brussels, and Singapore as well. The Bank of Baroda was nationalized in 1969 and offers a wide range of bundles of banking products and services to its customers including savings and current accounts, fixed and recurring deposits, loans, credit cards, insurance, etc. The basic aim is to provide a safe option that can be utilized to save money for a fixed tenure and give interest earnings to the customers. There is a wide range of benefits provided by opening an account with the Bank of Baroda, as they provide an easy loan facility, auto-renewal of FD and RD, and many other things.
Ownership |
Public Sector Bank |
CEO |
Debadutta Chand |
Headquartered In |
Baroda, Gujrat |
Founded In |
1908 |
Customer Support Number |
1800 5700 |
Geeky Takeaways
- Bank of Baroda is the second-largest public-sector bank in India founded on 20th July 1908.
- Bank of Baroda is a global entity and has 100 of overseas offices in New York, London, Dubai, Hong Kong, etc.
- Like any other financial institution, Bank of Baroda also offers a wide range of financial services including savings and current accounts, fixed and recurring deposits, loans, credit cards, and many more.
- World witness 9,693 Branches and approx 10,033+ ATMs of BOB.
- Bank of Baroda motivates the public to save and invest through FD and RD accounts.
Table of Content
- Bank of Baroda FD Rates 2024
- Features and Benefits of Bank of Baroda Fixed Deposit Scheme
- Types of FD Schemes of Bank of Baroda
- How do I invest in Bank of Baroda FD?
- Eligibility to Open a Bank of Baroda FD Account
- Documents Required to Open a Bank of Baroda FD Account
- Tax on Bank of Baroda Fixed Deposit
- Loan against Bank of Baroda FD
- Premature Closure of the Bank of Baroda Fixed Deposit
- Frequently Asked Questions (FAQs)