How much return will you get by investing Rs 1 lakh in Bank of India's FD for 400 days?

How much will Rs 1 lakh in Bank of India's FD yield in 400 days?

Fixed deposits (FDs) are one of the most popular investment options for Indian investors looking for guaranteed returns.

[{"selector":"#anim-bc395ab0-4379-4c24-9692-895f74ef50ee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Bank of India, one of the leading public sector banks in India, offers FDs with attractive interest rates.

[{"selector":"#anim-f835ddd9-84a5-49c8-9ec3-065aa1492821 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Here are the expected returns on a Rs 1 lakh Bank of India FD for 400 days (approximately 1 year and 1 month):

For regular citizens

[{"selector":"#anim-71e22492-cebd-49b4-a921-049aeda5cf06 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

At 3.00%, the lowest rate, your Rs 1 lakh FD will earn interest of Rs 3,000. At 7.25%, the highest rate, your interest earnings will be Rs 7,667.

[{"selector":"#anim-801be877-eaf4-4b2d-a655-4686aa172416 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-3.552713678800501e-15%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

For senior citizens

[{"selector":"#anim-83d588ee-c303-4442-97af-fa1867c1c71d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(9.668216561249107%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

So on an FD of Rs 1 lakh, a senior citizen can earn an estimated Rs 3,000 at 3.00% or Rs 8,250 at 7.75% for a 400 day period.

[{"selector":"#anim-55e021ee-e54f-4b97-a6b1-d330ee06b36c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]