Benefits of Using Bank of Baroda FD Calculator The cumulative investment option would benefit depositors from the power of compounding as the interest component of the fixed deposit remains invested and starts generating interest income on its own.
This plan is highly suitable for the senior citizens. In the case of the cumulative Bank of Baroda FD option (also known as reinvestment option), the interest component remains invested till the FD maturity.īank of Baroda monthly interest plan is ideal for depositors who require a fixed monthly income to meet their expenses. In the monthly pay-out option, interest is calculated quarterly and paid out each month at a discounted rate. In the quarterly interest pay-out option, interest is credited on a quarterly basis on the current/saving account of the depositor. Under non-cumulative FD, Bank of Baroda offers monthly and quarterly interest pay-out options for minimum 1 year tenure.
The maturity value depends on the deposit tenure, BoB FD Interest Rate, amount and type of FD chosen, i.e.
