Among India’s major public-sector banks, Bank of Baroda announces a special 555 days FD scheme. This scheme gives a higher interest rate as compared to the ordinary fixed deposits, thus luring an investor who would go for sure safe returns; investing ₹200000 would definitely give bumper returns vis-à-vis the sure safety of the money.
Key Features of the 555-Day FD Scheme
The special deposit scheme is for better returns to an investor for a medium-term tenure. The term of 555 days would fit those looking for higher interests than offered by short-term deposits but do not wish to lock their money up for a long time.
- Tenure: 555 days
- Investment: Flexible, a minimum as decided upon by bank rules
- Returns: Higher rate of interest as compared to regular FD
- Safety: Bank of Baroda stands guarantee for payment of return funds.
Rate of Return on Investment of ₹200000
Investing your amount of ₹200000 in this 555-day FD scheme would reward you with bumper interest returns at the end of the maturity period. The returns, however, vary between regular depositors and senior citizens, the latter generally enjoying additional interest rate benefits.
This scheme is a sound investment option ensuring steady growth of your funds with no risk and is best suited for earning middle-class families and retirees who can rely on assured income.
Why Choose Bank of Baroda FD Scheme?
- Higher returns against normal savings accounts
- Special tenure crafted for giving best returns
- Safe and secured investment wherein market risk is nil
- Sufficient for short-term savers and long-term investors
- Can enjoy additional benefits if senior citizen
Conclusion
The scheme is indeed a golden opportunity for an investor who wants very high returns with full safety. The depositor investing ₹200000 will get handsome interest without any fear of seeing market fluctuations. Being a special scheme, it has gathered much attention, and it is perfect for anyone who wants a relatively safer investment.
