BOB, also known as Bank of Baroda, is one of the largest public sector banks in India, offering a range of fixed deposit schemes to investors. BOB fixed deposit schemes are popular among investors due to their high safety, guaranteed returns, and flexible tenure options. Investors can use the BOB fixed deposit investment calculator to calculate the returns on their fixed deposit investments with BOB.
BOB offers several fixed deposit schemes to cater to the diverse needs of investors. Some of the most popular BOB fixed deposit schemes are: BOB Regular Fixed Deposit: This scheme is suitable for investors who want to invest a lump sum amount for a fixed period of time. The minimum investment amount for BOB Regular Fixed Deposit is Rs. 1,000, and the tenure options range from 7 days to 10 years. BOB Tax Saving Fixed Deposit: This scheme is ideal for investors who want to save tax while earning a guaranteed return on their investment. The minimum investment amount for BOB Tax Saving Fixed Deposit is Rs. 1,000, and the tenure is fixed at 5 years. BOB Flexi Deposit Scheme: This scheme is suitable for investors who want the flexibility of withdrawing their money from the fixed deposit account without having to break the entire deposit. The minimum investment amount for BOB Flexi Deposit Scheme is Rs. 5,000, and the tenure options range from 1 year to 5 years. BOB Annuity Deposit Scheme: This scheme is suitable for investors who want a regular income stream from their fixed deposit investment. Under this scheme, the investor makes a lump sum deposit, and the bank pays the interest earned as a monthly installment to the investor. The minimum investment amount for BOB Annuity Deposit Scheme is Rs. 25,000, and the tenure options range from 3 years to 10 years.
To use the BOB fixed deposit investment calculator, investors need to visit the
BOB website and follow the below steps: Click on the 'Fixed Deposit' tab on the BOB
homepage.
Select the type of fixed deposit scheme you want to invest
in.
Input the deposit amount, tenure, and interest rate.
Click on the 'Calculate'
button to view the maturity value and interest earned.
BOB fixed deposit schemes are a safe and reliable investment option for investors who want to earn a guaranteed return on their investment. The BOB fixed deposit investment calculator is a useful tool for investors to calculate the returns on their investment and make informed investment decisions.