The Bank of Baroda (BOB) offers various financial schemes to its customers, and Fixed Deposit (FD) is just one of them. The performance of an FD is not dependent on market fluctuations and has guaranteed returns. However, it is important to make careful decisions while investing. The Bank of Baroda FD calculator helps you do just that.
The BOB FD calculator is a specially designed digital tool to help the investors understand profitability and calculate FD gains. However, to get the most out of BOB’s FD calculator, you need to know more about its benefits and functionality.
The steps to use BankBazaar’s FD calculator are given below:
Interest rate for deposits below Rs. 2 crore
|Tenors||ROI in %|
|7 days to 14 days||2.80|
|15 days to 45 days||2.80|
|46 days to 90 days||3.70|
|91 days to 180 days||3.70|
|181 days to 270 days||4.30|
|271 days & above and less than 1 year||4.40|
|Above 1 year to 400 days||5.00|
|Above 400 days and upto 2 Years||5.00|
|Above 2 Years and upto 3 Years||5.10|
|Above 3 Years and upto 5 Years||5.25|
|Above 5 Years and upto 10 Years||5.25|
|Above 10 years (for MACT/MACAD Court Order schemes only)||5.10|
Note: Interest rate w.e.f. from 01 October 2021
The BOB FD calculator is a helpful tool in determining ROI. Its benefits include:
BOB FD calculator is free of cost and accessible to everyone.
The FD deposit options are: Cumulative (Reinvestment), Quarterly payout, Monthly payout or short-term deposit.
Some banks do allow availing a secured credit against the FD present in their bank.
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