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
BoB Latest FD Rates: The 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.
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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Bank of India 450-day general citizen FD rate
The Bank of India (BOI) gives 7 per cent interest rate on 450 days special FD 'Star Vaibhav' to general citizens.
BOI: Maturity amount for general citizens
Rs 10 lakh: Rs 10,89,321
Rs 20 lakh: Rs 21,78,643
Rs 30 lakh: Rs 32,67,964
Bank of Baroda 444-day general citizen FD rate
The Bank of Baroda (BoB) gives 7 per cent interest rate on 444 days special FD 'BoB Square Drive Deposit Scheme' to general citizens.
BoB: Maturity amount for general citizens
Rs 10 lakh: Rs 10,88,079
Rs 20 lakh: Rs 21,76,159
Rs 30 lakh: Rs 32,64,238
Bank of India 450-day senior citizen FD rate
The Bank of India (BOI) gives 7.50 per cent interest rate on 450 days special FD 'Star Vaibhav' to senior citizens.
BOI: Maturity amount for senior citizens
Rs 10 lakh: Rs 10,95,937
Rs 20 lakh: Rs 21,91,874
Rs 30 lakh: Rs 32,87,811
Bank of Baroda 444-day senior citizen FD rate
The Bank of Baroda (BoB) gives 7.50 per cent interest rate on 444 days special FD 'BoB Square Drive Deposit Scheme' to senior citizens.
BoB: Maturity amount for senior citizens
Rs 10 lakh: Rs 10,94,599
Rs 20 lakh: Rs 21,89,198
Rs 30 lakh: Rs 32,83,797
BoB other FDs
The 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.
BOI other FDs
The 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.