BOB Tiranga Plus FD Scheme 2024 : Bank of Baroda offers a 399-day fixed deposit scheme, providing customers with the opportunity to earn higher interest rates on their savings. If you are in search of a short-term FD scheme, consider exploring the Bank of Baroda FD with a tenure of 399 days, also known as the BOB Tiranga Plus FD Scheme 2024. In this article, we are discussing details of the BOB Tiranga Plus FD Scheme 2024 eligibility criteria, interest rates for various beneficiary categories, as well as the benefits and features associated with the Baroda FD scheme of 399 days.
Most middle-class people want to invest their savings to get profit from it, but due to market loss and fraud in investment schemes, most people hesitate to apply for investment in schemes. Fixed deposit which is also famous as FD is designed for customers who want a risk investment scheme. BOB Tiranga Plus FD Scheme 2024 is an investment plan where applicants can deposit a fixed amount for one time for a particular period. A company or Bank provides the interest which is pre-decided in the investment scheme.
BOB Tiranga Plus FD Scheme 2024
Once you complete the maturity period of BOB Tiranga Plus FD Scheme 2024, you can collect your investment money with extra interest on your money. Most of the FD schemes are available for 5 years or 10 years. However, the Bank of Baroda is providing a short-term BOB Tiranga Plus FD Scheme 2024 to their customers of 399 days of FD.
The bank is providing this special FD scheme under the BOB Tiranga Plus FD Scheme 2024. So if you are an existing customer of Bank of Baroda and want to invest in an FD scheme for a short term of approximately 1.2 years then you can find details of BOB Tiranga Plus FD Scheme 2024.
Features of BOB Tiranga Plus FD Scheme 2024
- Beneficiaries can apply for a 399-day FD scheme in the BOB Tiranga Plus FD Scheme 2024.
- The bank is providing annual 7.8% interest rates in this FD scheme.
- However this is the maximum interest rate that is provided only by senior citizens in this scheme, but normal citizens will also get a 7.3% interest rate on BOB Tiranga Plus FD Scheme 2024.
- You can apply with the minimum 1000 rupees in this BOB Tiranga Plus FD Scheme 2024.
- If you want to withdraw your amount then you can also apply by submitting additional charges to the Bank of Baroda.
- The bank is also providing facilities for selecting nominees in this FD scheme. so the nominee can also get benefits in cash for any accident with the account holder.
BOB 10 Lakh Personal Loan: चुटकियों में ₹10 लाख का लोन, बिना Physical डॉक्यूमेंट के बिना गारेंटी लोन
Eligibility for BOB Tiranga Plus FD Scheme 2024
There are no specific ability criteria for applying to the BOB Tiranga Plus FD Scheme 2024, but you should have an existing bank account with the Bank of Baroda including a savings account, current account, and salary account for any other type of account. After that, anyone can apply for themselves and on behalf of their wards and children.
Documents required for BOB Tiranga Plus FD Scheme 2024
- Proof of address such as electric bill, passport, or telephone bill
- Proof of identity such as Voter ID, passport, driving license, or Permanent Account Number (PAN) card.
How to open a BOB FD Account ?
Via Mobile App :-
- Download the Bank of Baroda mobile application from the app store or play store and login.
- Select menu option, under the ‘Save’ tab, select the ‘Deposit’ option to proceed.
- Select ‘Open Fixed Deposit’ option.
- Enter all the personal details and also enter the nominee details.
- Verification all the details and Click confirm to book a new deposit.
Offline method :-
- Visit the bank branch.
- Take the FD application form.
- Fill the required details and submit the required documents.
- Submit the form to the branch.
- On successful processing the application, Bank will provide an FD receipt.
Via Internet Banking :-
- Login to the Bank’s Net Banking account : bankofbaroda.in.
- In the main menu, select the ‘Fixed Deposit’ option and choose the type of deposit.
- Fill in all the pertinent details along with nominee details.
- Verify all the details and click on ‘Submit’ to book a new fixed deposit..
Baroda FD of 399 days [BOB Tiranga Plus FD Scheme 2024]
Now we are discussing with you an interesting Investment calculation under Bank of Baroda 399 days FD. If you have a premium of Rs 100000 and want to invest in FD, then you can choose the Bank of BOB Tiranga Plus FD Scheme 2024 where you will get 7.3% interest.
Once you complete the maturity of 399 days you will receive 7000 extra over your Rs 1 lakh investment so you will receive approximately 1,7000 +. All Eligible applicants can apply for the BOB Tiranga Plus FD Scheme 2024 by visiting the branch physically where they can deposit the amount manually to the manager and after the date, the scheme will start once you pay the investment. However, you should also check other specific terms and conditions and other charges that will be deducted from the bank over your deposit including GST fees and other charges so it will be easy for you to calculate the Lump amount that will be received at the time of completing the maturity.
Updated Interest Rates of Bank of Baroda FD 2024
| Tenure | General Citizen FD Rates | Senior Citizen FD Rates |
| 46 days to 90 days | 5.5% | 6% |
| 91 days to 180 days | 5.6% | 6.1% |
| 181 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 6.15% | 6.65% |
| 271 days & above and < 1 year | 6.25% | 6.75% |
| 1 year | 6.85% | 7.35% |
| Above 1 year to 400 days | 6.85% | 7.35% |
| 399 Days (Baroda Tiranga Plus Deposit Scheme) | 7.15% | 7.65% |
| Above 400 days and upto 2 Years | 6.85% | 7.35% |
| Above 2 Years and upto 3 Years | 7.25% | 7.75% |
| Above 3 Years and upto 5 Years | 6.5% | 7.15% |
| Above 5 Years and upto 10 Years | 6.5% | 7.5% |
| Above 10 years (MACT/MACAD Court Order schemes only) | 6.25% | 6.75% |
Types of Bank of Baroda FD Schemes
Baroda Tax Savings Term Deposit Account :-
- The FD amount of the Tax Savings fixed deposit can be used for claiming income tax deduction under Part 80C of the Income Tax Act.
- This term deposit plan comes with three varieties namely RIRD, MIP, and QIP.
- It has tenure ranging from five years to ten years.
- This term deposit plan comes with minimum and maximum deposit amount of Rs.100 and Rs.1.5 lac, respectively.
- Section 80C of the Income Tax Act allows for tax benefits for investments made under this scheme.
- Interest Payout: The interest amount earned from QIP and MIP variants will be paid to the depositors.
- Loan or Overdraft Facility: This term deposit does not provide any loan or overdraft facility.
- Premature Closing – In the event of the account holder’s death, the account may be prematurely closed, but only in accordance with bank policies.
- Premature Withdrawal: Premature withdrawal facility is allowed on this scheme after the completion of five years of FD.
- Interest Rate: Given below are some of the benefits provided to the following groups:
- Senior citizens will receive 0.50% P.A. of extra interest rate for deposits below Rs.2 crore.
- Both present and existing employees of Bank of Baroda are eligible to earn additional interest rates on their term deposits.
- Any ex employee who is a senior citizen will enjoy additional interest rate on his or her deposit.
Baroda Suvidha Flexible Fixed Deposit Scheme :-
- Baroda Suvidha Flexible Fixed Deposit Scheme provides the depositor liquidity in terms of flexible withdrawal of their investments and also offers overdraft facilities to its depositors.
- Its tenure ranges from one year to five years.
- The minimum deposit amount for this account is Rs.5,000. The depositors can make additional deposits in multiples if Rs.1,000.
- There is no upper limit on the maximum deposit quantity. The account can also be opened in the name of minors who are more than ten years and the maximum limit of minor account is Rs.1 lac.
- Interest Payout – Half-annual payments of the scheme’s interest earnings will be made to the depositor.
- Interest Rate: When it comes to the interest rate, the scheme provides the following benefits to the depositors:
- Senior citizens will receive additional interest of 0.50% p.a. for FDs below Rs.2 crore.
- Present and ex-staff of Bank of Baroda will get extra interest on their deposits.
- Former staff of Bank of Baroda who is a senior citizen will earn additional interest amount of both of these categories
- Loan or Overdraft Facility: Up to 95% of the account balance on the loan date is eligible for the loan or overdraft option. For small accounts (founded in a single name) and Hindu Undivided Families, no advances are permitted on deposits.
- Premature Withdrawal – The depositors will get premature withdrawal facility on a minimum deposit amount of Rs.1,000.
Monthly Income Plan (MIP) :-
- Monthly Income Plan (MIP) scheme provides a guaranteed monthly interest payout along with overdraft facilities to the account holders.
- It comes with tenure ranging from one year to ten years.
- Customers can opt for the Monthly Income Plan plan with deposit amount as low as Rs.1,000.
- There is no upper limit on the maximum deposit quantity. A minor account can also be opened for people above ten years of age with an upper limit of Rs.1 lac.
- Loan or overdraft facility – The loan or overdraft facility is provided under this scheme on up to 95% of the balance amount in the account on the date of the loan. However, the scheme does not provide advances against deposits for minority accounts and HUFs.
- Non Fund Based Activities – Deposits made under this scheme may also be used as a margin for other types of transactions, such as letters of credit, bank guarantees, credit reports, solvency certificates, etc.
- Security – Deposits made under MIP are considered as security by the government departments.
- Interest Rate – When it comes to the interest rate, the scheme provides the following benefits to different groups of people:
- Senior citizens will receive additional 0.50% p.a. interest rates for deposits below Rs.2 crore.
- Current and ex staff of the Bank of Baroda will get extra interest on their deposits.
- Any ex-staff who is a senior citizen can get additional interest benefits of both of the above mentioned categories.
- Premature Withdrawal: Given below are the few of the conditions based on the premature withdrawal:
- The bank will not charge any penalty on premature withdrawal for deposits of up to Rs.5 lacs if the amount is deposited for one year.
- The contracted rate or the rate on the day of accepting deposits till the period it has been in the bank (whichever is lower) is the interest rate applicable for premature withdrawal without the penalty.
- For premature withdrawal on deposits over Rs.5 lakhs with a tenure of one year, the interest rate for the amount that has been withdrawn will be 1% less than the present rate of accepting deposits until the time it has remained in the Bank of Baroda. .
- According to bank policies, depositors must give a 31-day advance notice before prematurely withdrawal deposits of Rs.1 crore or more, and a 1.5% penalty would be added to the appropriate interest rate.
