Bank of Baroda Launches 'BoB Liquid FD Scheme'.

Banking & Finance

In January 2025, Bank of Baroda (BOB), based in Vadodara (Gujarat), launched a new Fixed Deposit (FD) scheme called 'BOB Liquid FD'. This scheme combines the benefits of FD interest rates with the easy liquidity of a Savings Account.


      - Depositors can withdraw part of their money without closing the entire FD, allowing them to meet emergency needs. The remaining balance continues to earn interest at the fixed rate in the same FD.

      - The scheme offers flexible deposit amounts starting from Rs. 5,000 (and in multiples of Rs. 1,000 after that, with no maximum limit). The deposit duration ranges from 12 to 60 months, and partial withdrawals are allowed in multiples of Rs. 1,000.

      - The bank offers interest rates ranging from 4.25% to 7.15% on regular FDs for general citizens, with the highest rate of 7.30% for deposits below Rs. 3 crores, along with an additional interest rate for senior citizens.

Main Point :-   (i) No penalty is charged for premature withdrawals on FDs up to Rs. 5 lakh, as long as the FD has completed at least 12 months.

      (ii) If the FD amount is below Rs. 1 crore, a 1% penalty will be applied to the interest rate for the completed period or the agreed rate, whichever is lower.

(iii) For FDs of Rs. 1 crore and above, a 1.5% penalty will be imposed on the applicable interest rate for the completed period or the agreed rate.
About Bank of Baroda

CEO : Debadatta Chand
Headquarter : Gujarat
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