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BOB Liquid FD: A Unique Fixed Deposit with Savings Account Benefits – Withdraw Anytime & Earn Interest

Bank of Baroda (BOB) is one of India's most reputed and trusted banks, serving millions of customers nationwide. The bank regularly introduces various Fixed Deposit (FD) schemes, offering safe investment options with attractive interest rates.

Recently, BOB's Liquid Fixed Deposit (Liquid FD) scheme has gained popularity. The key highlight of this scheme is that it provides the flexibility of a savings account while offering higher interest rates like a fixed deposit. Customers can withdraw money without breaking the FD and still continue earning interest.

In this article, we will discuss what BOB Liquid FD is, its benefits, interest rates, and how to invest in it.

What is BOB Liquid Fixed Deposit (Liquid FD)?

BOB Liquid FD is a special type of Fixed Deposit scheme that allows customers to withdraw a portion of their funds without breaking the FD while continuing to earn interest on the remaining amount. This scheme is particularly beneficial for individuals who want to keep their money safe while maintaining liquidity for emergency needs.

Key Features of Liquid FD:

✔ Minimum Deposit – Starts from ₹5,000
✔ Maximum Deposit – No upper limit (as per your budget)
✔ Tenure – Ranges from 12 months to 60 months
✔ Partial Withdrawal – Can withdraw in multiples of ₹1,000
✔ No Penalty on Withdrawal – No extra charges for withdrawing funds
✔ Higher Interest Rates – Better than a savings account

Benefits of BOB Liquid FD

BOB’s Liquid FD is a great investment option for individuals who want both the security of an FD and the flexibility of a savings account.

1. Withdraw Money Anytime Without Breaking FD

  • In traditional FDs, if you need money, you have to break the entire FD, which results in lower interest earnings.
  • With BOB Liquid FD, you can withdraw money in multiples of ₹1,000 while the remaining amount continues to earn interest.

2. Higher Interest Rates

  • This FD offers higher interest rates compared to a regular savings account.
  • Regular customers get 4.25% to 7.15% interest per annum.
  • Senior citizens get 7.15% or more interest, ensuring better returns.

3. No Penalty or Extra Charges

  • In most FDs, premature withdrawals result in penalty charges and lower interest rates.
  • BOB Liquid FD allows partial withdrawals with zero penalty.

4. Ideal for Emergency Situations

  • If you need urgent funds, you don’t have to break the entire FD.
  • Withdraw the required amount while the remaining balance continues to grow.

5. Safe & Secure Investment

  • Bank of Baroda is a government-backed bank, ensuring that your investment remains safe.
  • FD interest is not affected by market risks, making it a stable investment option.

BOB Liquid FD Interest Rates (2024)

BOB provides different interest rates based on the FD tenure and customer category.

Tenure Interest Rate for General Citizens Interest Rate for Senior Citizens
12 Months 4.25% 4.75%
24 Months 5.75% 6.25%
36 Months 6.50% 7.00%
48 Months 7.00% 7.50%
60 Months 7.15% 7.65%

(Note: Interest rates are subject to change. Visit BOB’s official website for the latest updates.)

How to Open a BOB Liquid FD Account?

You can open a BOB Liquid FD account both online and offline.

Online Method:

  1. Visit Bank of Baroda’s official website (www.bankofbaroda.in).
  2. Log in to your Internet Banking Account.
  3. Navigate to the Fixed Deposit section and select Liquid FD.
  4. Fill in the required details and make the deposit.
  5. You will receive an FD receipt via email and SMS.

Offline Method:

  1. Visit the nearest Bank of Baroda branch.
  2. Fill out the FD account opening form.
  3. Submit KYC documents (Aadhaar card, PAN card, and passbook copy).
  4. Deposit a minimum of ₹5,000 and start your Liquid FD.
  5. The bank will provide you with an FD receipt as proof of investment.

Conclusion

BOB Liquid Fixed Deposit (Liquid FD) is an excellent investment option for those who want both the security of an FD and the flexibility to withdraw funds when needed. With no penalty on withdrawals, better interest rates than savings accounts, and complete financial security, this FD is perfect for individuals looking for a smart and flexible investment option.

If you want to secure your funds while keeping liquidity intact, BOB Liquid FD is a great choice.

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