Use this Bank of Baroda Savings account interest rate calculator to calculate the interest you will earn on your deposits.
Bank of Baroda Savings Interest Calculator
Interest Amount:
Total Amount:
What is BOB Savings Account Interest Rate Calculator?
As the name suggests, bob savings account interest rate calculator helps you calculate the interest which you will be earning from your deposited amount in your savings account.
Banks offer a interest for the money which we keep in our bank, therefore it is very crucial to know about the interest rates each bank offering. Bank of Baroda is one of the biggest bank in India provides a generous interest rate for our savings account. Bank of Baroda pays the interest every quarters, though the interest is calculated daily.
How to Calculate the Interest?
- Visit the BOB Savings Account Interest Rate Calculator
- Enter the amount you have deposited in your bank account
- The interest rate will be automatically filled according to your entered principal amount
- Select the time duration
- Click on the ‘Calculate’ button. The respective interest amount and maturity value will be calculated and displayed to you.
- Use the ‘Reset’ button for a new calculation
Formula to Calculate the Interest
Interest Amount = Principal Amount x (Interest Rate/100) x No. of Years
BOB Savings Account Interest Rate
| Balance | Interest Rate |
|---|---|
| Below Rs. 1 lakh | 2.75% |
| More than Rs. 1 lakh and less than Rs. 100 crore | 2.75% |
| Rs. 100 crores and up to Rs. 200 crore | 2.90% |
| Rs. 200 crores and up to Rs. 500 crore | 3.05% |
| Rs. 500 crores and upto Rs. 1,000 crore | 3.35% |
| More than Rs. 1,000 crore | 3.35% |
References
- BOB Savings Account Interest Rate Retrieved from “BOB Savings Account – Check Interest Rates, Benefits and Features (groww.in)“