Bank of Baroda Liquid FD Rates: The country's largest government bank, Bank of Baroda, has launched a new fixed deposit scheme for its customers, which gives them safe returns on FD along with the facility of partial withdrawal anytime like a savings bank account. This means that you can withdraw money as per your need without breaking your FD. The name of this new FD scheme of the Bank of Baroda is "BOB Liquid Fixed Deposit".

BOB Liquid FD: Return of FD with the facility of savings account

Bank of Baroda said that on BOB Liquid FD, customers get high returns of FD on their savings along with liquidity like a savings account. In this, you get the facility of partial withdrawal without closing your FD. With its help, you can withdraw some amount as per your need and get a return on the remaining amount at the FD interest rate as before.

For example, if a customer has a BOB Liquid FD of ₹5 lakh and withdraws ₹1 lakh, the remaining ₹4 lakh will continue to earn returns at the original interest rate.

BOB Liquid FD: Key points

Minimum deposit amount: ₹5,000 (and in multiples of ₹1,000)

Maximum deposit amount: No upper limit

Minimum tenure: 12 months

Maximum tenure: 60 months

Interest rate: Customers on this scheme will earn interest as per the term deposit rates decided by the bank from time to time.

Partial withdrawal facility: Partial withdrawal allowed in multiples of ₹1,000 during the tenure of the FD.

What will be the penalty for pre-payment?

There is no pre-payment penalty on term deposits up to ₹5 lakh for which the tenure has been completed for at least 12 months.
For FDs less than ₹1 crore: Penalty of 1% on the applicable rate of interest.
For FDs of ₹1 crore and above: Penalty of 1.5% on the applicable rate of interest.

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