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450-day BOI vs 444-day BoB Special FD Rates: Know what senior citizens and others can get on Rs 10,00,000, Rs 20,00,000, and Rs 30,00,000 deposits
- Written by ZeeBiz WebTeam
Published: Zee Business| Updated: Zee Business
The Reserve Bank of India (RBI) cut the repo rate by 50 basis points last week. The current rate is now 6 per cent which was 5.5 per cent earlier. After this, most of banks have reduced their fixed deposit (FD) rates for different tenures. The banks have also cut special FD rates. In this article, we will check current special FD rates by Bank of India (BOI) and Bank of Baroda (BoB), and also calculate the maturity amount on Rs 10 lakh, Rs 20 lakh and Rs 30 lakh investments. Take a look:
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1/10
Bank of India 450-day general citizen FD rate
1/10The Bank of India (BOI) gives 7 per cent interest rate on 450 days special FD 'Star Vaibhav' to general citizens.
2/10
BOI: Maturity amount for general citizens
2/10Rs 10 lakh: Rs 10,89,321 Rs 20 lakh: Rs 21,78,643 Rs 30 lakh: Rs 32,67,964
3/10
Bank of Baroda 444-day general citizen FD rate
3/10The Bank of Baroda (BoB) gives 7 per cent interest rate on 444 days special FD 'BoB Square Drive Deposit Scheme' to general citizens.
4/10
BoB: Maturity amount for general citizens
4/10Rs 10 lakh: Rs 10,88,079 Rs 20 lakh: Rs 21,76,159 Rs 30 lakh: Rs 32,64,238
5/10
Bank of India 450-day senior citizen FD rate
5/10The Bank of India (BOI) gives 7.50 per cent interest rate on 450 days special FD 'Star Vaibhav' to senior citizens.
6/10
BOI: Maturity amount for senior citizens
6/10Rs 10 lakh: Rs 10,95,937 Rs 20 lakh: Rs 21,91,874 Rs 30 lakh: Rs 32,87,811
7/10
Bank of Baroda 444-day senior citizen FD rate
7/10The Bank of Baroda (BoB) gives 7.50 per cent interest rate on 444 days special FD 'BoB Square Drive Deposit Scheme' to senior citizens.
8/10
BoB: Maturity amount for senior citizens
8/10Rs 10 lakh: Rs 10,94,599 Rs 20 lakh: Rs 21,89,198 Rs 30 lakh: Rs 32,83,797
9/10
BoB other FDs
9/10The PSU bank also provides 1-year, 3-year, and 5-year FDs for everyone. It offers 10-year FD for senior citizens in which it offers 7.30 annual interest rate.
10/10
BOI other FDs
10/10The PSU bank also provides 1-year, 3-year, and 5-year FDs for everyone. It offers 10-year FD for senior citizens in which it offers 6.75 annual interest rate.
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