News > SBI, Bank of Baroda roll out special, short-term FD schemes: Should you invest?

SBI, Bank of Baroda roll out special, short-term FD schemes: Should you invest?

Bank of Baroda launched a BoB Monsoon Dhamaka Deposit Scheme offering higher interest rates for 399 days and 333 days. SBI unveiled the Amrit Vrishti term deposit scheme for 444 days. Short-term new tenure special FDs are ideal for conservative or risk-averse investors looking for assured returns within a relatively short period. If the interest rate is above 7%, then risk-averse investors can look at investing in these schemes, say financial advisors.