Bank of Baroda Liquid Fixed Deposits: Bank of Baroda depositors will benefit from increased returns, reduced prepayment penalties, and easy access to money when needed

Bank of Baroda Liquid Fixed Deposits: How you can get higher returns with easy partial withdrawal facility Check interest rate offered on these FDs

Bank of Baroda has launched bob Liquid Fixed Deposits, a unique alternative to the traditional fixed deposit (FD) that blends assured & competitive returns, liquidity and flexibility, according to a press release.

Budget with ET

Budget 2025 can position India as the world’s China Plus One hub with manufacturing prowess

Will India's robust GST kitty help Sitharaman stick to fiscal glide path?

Budget 2025’s starry aim: Does India need more funds to fuel its cosmic dreams?

What is bob Liquid FD ?

With Bank of Baroda Liquid FD, depositors can take advantage of the flexibility of a partial withdrawal without having to close the full FD. This allows them to take care of their immediate financial demands as needed, and the remaining funds will continue to generate interest at the agreed-upon rate in the same FD. Depositors will benefit from increased returns, reduced prepayment penalties, and easy access to money when needed.

FD interest rate up to 8%: Federal Bank revises FD interest rates, adds special tenure with high interest rates, check details here

Key features of Bank of Baroda Liquid FD

Key features of bob Liquid FD's include flexible deposit amounts starting from Rs. 5,000, with options for duration of FD ranging from 12 to 60 months, and the ability to make partial withdrawals in multiples of Rs. 1,000. Additionally, there is no prepayment penalty for premature withdrawals of fixed deposits up to Rs 5 lakh after a minimum of 12 months have passed.

• Artificial Intelligence(AI)

  Java Programming with ChatGPT: Learn using Generative AI

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Artificial Intelligence(AI)

  Basics of Generative AI: Unveiling Tomorrows Innovations

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Artificial Intelligence(AI)

  Generative AI for Dynamic Java Web Applications with ChatGPT

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Artificial Intelligence(AI)

  Mastering C++ Fundamentals with Generative AI: A Hands-On

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Artificial Intelligence(AI)

  Master in Python Language Quickly Using the ChatGPT Open AI

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Marketing

  Performance Marketing for eCommerce Brands

  By - Zafer Mukeri, Founder- Inara Marketers

  View Program

• Office Productivity

  Zero to Hero in Microsoft Excel: Complete Excel guide 2024

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Finance

  A2Z Of Money

  By - elearnmarkets, Financial Education by StockEdge

  View Program

• Marketing

  Modern Marketing Masterclass by Seth Godin

  By - Seth Godin, Former dot com Business Executive and Best Selling Author

  View Program

• Astrology

  Vastu Shastra Course

  By - Sachenkumar Rai, Vastu Shashtri

  View Program

• Strategy

  Succession Planning Masterclass

  By - Nigel Penny, Global Strategy Advisor: NSP Strategy Facilitation Ltd.

  View Program

• Data Science

  SQL for Data Science along with Data Analytics and Data Visualization

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Artificial Intelligence(AI)

  AI and Analytics based Business Strategy

  By - Tanusree De, Managing Director- Accenture Technology Lead, Trustworthy AI Center of Excellence: ATCI

  View Program

• Web Development

  A Comprehensive ASP.NET Core MVC 6 Project Guide for 2024

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Marketing

  Digital Marketing Masterclass by Pam Moore

  By - Pam Moore, Digital Transformation and Social Media Expert

  View Program

• Artificial Intelligence(AI)

  AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Office Productivity

  Mastering Microsoft Office: Word, Excel, PowerPoint, and 365

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Marketing

  Digital marketing - Wordpress Website Development

  By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert

  View Program

• Office Productivity

  Mastering Google Sheets: Unleash the Power of Excel and Advance Analysis

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Web Development

  Mastering Full Stack Development: From Frontend to Backend Excellence

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

• Finance

  Financial Literacy i.e Lets Crack the Billionaire Code

  By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator

  View Program

• Data Science

  SQL Server Bootcamp 2024: Transform from Beginner to Pro

  By - Metla Sudha Sekhar, IT Specialist and Developer

  View Program

What is the interest rate on bob Liquid FD?

The interest rate will be same as prevailing interest rates on term deposits. Bank of Baroda offers an interest rate between 4.25% and 7.15% on regular fixed deposits for general citizens. The bank offers the highest interest rate of 7.30% On Bob Utsav Deposit Scheme (400 Days). An additional interest rate is offered for senior citizens for deposits below Rs. 3 crores.

Tenors	Residents / General Public	Resident Indian Sr. Citizen	Resident Super Senior Citizen
7 days to 14 days	4.25	4.75*	4.75*
15 days to 45 days	4.5	5.00*	5.00*
46 days to 90 days	5.5	6.00*	6.00*
91 days to 180 days	5.6	6.10*	6.10*
181 days to 210 days	5.75	6.25*	6.25*
211 days to 270 days	6.25	6.75*	6.75*
271 days & above and less than 1 year	6.5	7.00*	7.00*
1 year	6.85	7.35*	7.35*
Above 1 year to 400 days (except 400 Days)	7	7.50*	7.60 $
Above 400 days and upto 2 Years	7	7.50*	7.60 $
Above 2 Years and upto 3 Years	7.15	7.65*	7.75 $
Above 3 Years and upto 5 Years	6.8	7.40 #	7.50 $
Above 5 Years and upto 10 Years	6.5	7.50**	7.50**
Above 10 years (MACAD	6.25	6.75*	6.75*
only)

(* incl. additional ROI 0.50% for RTD up to 3 Years and additional ROI 0.50% for Above 10 Years, # incl. additional ROI of 0.50+0.10 (reduced from 0.15%) for RTD above 3 Years and up to 5 Years w.e.f 14.10.2024, **incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and up to 10 Years to Resident Senior Citizens and $ includes 0.10% for Super Senior Citizens for Deposits above 1 year and up to 5 years)

What are the penalties for pre-payment
o No penalty is levied for premature payments in case of term deposits up to Rs. 5 lakh that have completed a minimum period of 12 months.
o Fixed Deposit below Rs 1 crore – Penalty of 1% from the applicable interest rate for the completed period or the contracted rate whichever is lower.
o Fixed Deposit of Rs 1 crore and above – Penalty of 1.5% from the applicable interest rate for the completed period or the contracted rate whichever is lower.

This story originally appeared on: India Times - Author:Faqs of Insurances