Bank Of Baroda FD Calculator : Bank of Baroda deposits amount from 1,000 to no limit, see the information of fixed deposit calculator

Bank Of Baroda FD Calculator : Bank of Baroda is a trusted name in the banking sector of India! Apart from offering an array of financial services to its customers, the bank also offers Fixed Deposit Schemes to those looking for safe investment options. Fixed Deposit is an ideal investment option for individuals with a low risk appetite. However, while the risk of losing the money parked is minimal in case of FDs, an informed decision needs to be taken before investing in them. Fortunately, Bank of Baroda (BOB) has allowed a single fixed deposit rate calculator.

Bank Of Baroda FD Calculator

Available online from Bank of Baroda, these calculators can help investors make profits before investing in FDs! However, to calculate FD profit, one needs to know more about the calculator’s functionality, profit and more! With this financial tool, an investor just needs to input a few parameters to determine his return from fixed deposit investments. These factors include the investment amount, interest rate, maturity period and the frequency of compound interest (BOB).

Bank Of Baroda FD Interest Rate

Bank of Baroda FD has tenures of 3 years 1 day to 10 years with an interest rate of 5.25%. The interest rate for senior citizens is higher than the normal rates and ranges up to 5.75%.

Available online from Bank of Baroda, these calculators can help investors make profits before investing in FDs! However, to calculate FD profit, one needs to know more about the calculator’s functionality, profit and more! With this financial tool, an investor just needs to input a few parameters to determine his return from fixed deposit investments. These factors include the investment amount, interest rate, maturity period and the frequency of compound interest (BOB).

Bank Of Baroda FD Interest Rate

Bank of Baroda FD has tenures of 3 years 1 day to 10 years with an interest rate of 5.25%. The interest rate for senior citizens is higher than the normal rates and ranges up to 5.75%.

Tenure Rates ! Maturity amount for 1 lakh
7 days  to  14 days 2.80% to 3.30% 54 1,00,054 – 54 1,00,127
46 days  to  90 days 3.70% to 4.20% 46 1,00,466 – 46 1,01,036
91 days  to  180 days 3.70% to 4.20% ₹ 1,00,922 – 22 1,02,082
181 days  to  270 days 4.30% to 4.80% ₹ 1,02,144 – ₹ 1,03,593
271 days  to  364 days 4.40% to 4.90% ₹ 1,03,302 – 302 1,04,977
1 year 4.90% to 5.40% 99 1,04,991 – 5 1,05,510
400 days  to  2 years 5.00% to 5.50% 96 1,05,596 – ,5 1,11,544
1 year 1 day  to  400 days 5.00% to 5.50% ₹ 1,05,109 – 109 1,06,169
15 days  to  45 days 2.80% to 3.30% 115 1,00,115 – 00 1,00,407
2 years 1 day  to  3 years 5.10% to 5.60% 68 1,10,682 – ₹ 1,18,156
5 years 1 day  to  10 years 5.25% to 5.75% 15 1,29,815 – 15 1,76,987
3 years 1 day  to  5 years 5.25% to 5.75% ₹ 1,16,955 – – 1,33,036

Bank Of Baroda Fixed Deposit Features

  • Fixed Deposit Schemes are available in all branches of Bank of Baroda spread across the length and breadth of the country.
  • The minimum period of deposit is for a period of 7 days.
  • The maximum period of deposit is 10 years!
  • The minimum investment amount for opening an FD account is Rs 1000.
  • The rate of interest on Fixed Deposit ranges from 4% – 7% depending on the tenure of the deposit.
  • The maturity amount for a tenure of 5 years is eligible for tax deduction under section 80C of the Income Tax Act, 1961, while the interest amount earned on deposits is taxable in nature.
  • If the annual interest earned on Fixed Deposit (FD Calculator) scheme is more than Rs 10,000 then the bank (BOB) levies tax on the interest amount which is known as Tax Deducted at Source (TDS).

Fixed deposit calculator

Fixed Deposit Calculator (FD Calculator) is a tool that helps investors to check the overall interest rate yield. Most of the banks in India give interest once in a quarter which is once in three months every year and hence it is important to understand the maturity value of the initial deposit for better financial planning for investment. This bank (Bank of Baroda) one has to enter the principal amount, interest rate, period of deposit in the calculator to arrive at the maturity value which includes the yield value. The Reserve Bank of India has recently increased the basis points, due to which the interest rates on fixed deposits have increased after a long time.

Article first Appeared on Informalnewz

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