Fixed deposits have always remained one of the safers side to investment for the Indian masses. To make depositing even more rewarding, Bank of Baroda has introduced a special FD scheme with a twenty-four-twighty-six-hours kind of unusual tenure of 666 days. The scheme aims at rewarding investors with higher interest and better returns vis-à-vis regular FD plans.
Special 666 Days FD Scheme
New FD, with a fixed tenure of 666 days, is hardly just shy of two years. This special-lonereselected tenure works out really well for someone who is looking for a deposits duration period situated somewhere in between short term and long term. An investor at this stage is promised more returns, higher returns, at safe keeping of his capital investment.
Attractive Interest Rates
In this scheme, Bank of Baroda offers competitive interest rates. Having beneficiary investors will have the special interest rates, while senior citizens will be paid an additional rate of interest so that they earn more than the ordinary investors. This makes the scheme a better option for the retirees seeking steady income and assured safety.
Example of Returns
If an investor pays such FD in the scheme for 666 days of 1,00,000, then his or her maturity value will be above the basic fixed deposit. Depending on how much interest is set at the time of investment, the maturity amount can be calculated. But what’s sure, the secure returns and a benefit in favor of Senior Citizens make it highly rewarding.
Benefits of the Scheme
This is a 666-day FD scheme offering the qualities of safety, guaranteed returns, and flexibility. Depending on their requirement, investors can choose whether to pay in a lump amount at maturity or in periodical payouts. Backed by Bank of Baroda, the scheme ensures trust and complete safety.
Why It Should Be Considered by Investors
This FD plan appeals to the conservative investor, the salaried person, and the retired who wish to avoid risk in exchange for fixed returns. With its novel tenure and attractive returns, the scheme sets a new paradigm among regular savings and therefore provides an excellent choice for safe investment.
Conclusion
Bank of Baroda’s 666 days FD scheme is a very lucrative investment plan for somebody seeking both safety and handsome returns. Now that the interest rates are higher, the security is government-backed, and it offers a choice for payout, this scheme is suitable for every kind of investor. This particular scheme must be examined by those who want the safe yet profitable investment.