{"id":8338,"date":"2025-08-12T09:48:53","date_gmt":"2025-08-12T09:48:53","guid":{"rendered":"https:\/\/lemonn.co.in\/blog\/?post_type=banking&#038;p=8338"},"modified":"2025-08-12T09:48:53","modified_gmt":"2025-08-12T09:48:53","slug":"bank-of-baroda-bob-monthly-income-plan-features-and-benefits","status":"publish","type":"banking","link":"https:\/\/lemonn.co.in\/blog\/banking\/bank-of-baroda-bob-monthly-income-plan-features-and-benefits\/","title":{"rendered":"Bank of Baroda (BOB) Monthly Income Plan: Features and Benefits"},"content":{"rendered":"\n<p>Bank of Baroda\u2019s Monthly Income Plan is essentially a fixed deposit with monthly interest payout. It suits retirees and investors seeking steady income. Deposits can range from \u20b91,000 to \u20b91&nbsp;crore (or more), with tenures from 12&nbsp;months to 120&nbsp;months. Interest is compounded quarterly and paid monthly at a discounted rate. Senior citizens may receive 0.50&nbsp;% extra. Customers can avail of loans up to 90&nbsp;% of the deposit amount. Before investing, compare the monthly payout rate with the cumulative rate to understand the effective yield.<\/p>\n\n\n\n<h2 id='bob-monthly-income-plan-highlights'  id=\"boomdevs_1\" class=\"wp-block-heading\">BOB Monthly Income Plan Highlights<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Feature<\/th><th>Details<\/th><\/tr><\/thead><tbody><tr><td>Tenure<\/td><td>1\u201310&nbsp;years<\/td><\/tr><tr><td>Minimum deposit<\/td><td>\u20b91,000<\/td><\/tr><tr><td>Interest payout<\/td><td>Monthly at discounted rate<\/td><\/tr><tr><td>Loan facility<\/td><td>Up to 90&nbsp;% of deposit<\/td><\/tr><tr><td>Senior citizen benefit<\/td><td>Additional 0.50&nbsp;%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Check the latest interest rates and terms on Bank of Baroda\u2019s website before investing.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-8338","banking","type-banking","status-publish","hentry"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking\/8338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/banking"}],"about":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/types\/banking"}],"wp:attachment":[{"href":"https:\/\/lemonn.co.in\/blog\/wp-json\/wp\/v2\/media?parent=8338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}