Bank of Baroda (BoB) unveils particular FD scheme, now provides as much as 7.50% return

The main public sector lender Bank of Baroda (BoB) at this time launched “Baroda Tiranga Plus Deposit Scheme”, with higher standard interest rates of up to 7.50% p.a. for 399 days with effect from 1st November 2022, which includes 0.50% p.a. for senior citizens and 0.25% for non-callable deposits.

Shri Ajay K. Khurana, Executive Director, Bank of Baroda said, “In a rising interest rate environment, we are pleased to offer a higher interest rate to consumers so that they earn more on their savings. The Baroda Tiranga Plus Deposit Scheme offers higher interest rates and assured returns. On our Non-Callable Deposits, the Bank has also decided to increase the Non-Callable Premium from 0.15% to 0.25% on retail term deposits, providing further benefits to customers.”

Baroda Tiranga Plus Deposit Scheme

On Baroda Tiranga Plus Deposit Scheme of 399 Days, BoB will supply an rate of interest of 6.75% for most people, 7.25% for senior residents below the callable choice, whereas below the non-callable choice, most people, NRE/NRO depositors will get an rate of interest of seven% and senior residents will get an rate of interest of seven.50%. The rates of interest on the Bank’s Baroda Advantage Retail Term Deposit Scheme (Non-Callable) have been hiked by 10 foundation factors on account of elevating the Non-Callable Premium from 0.15% p.a. to 0.25% p.a.

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Baroda Tiranga Plus Deposit Scheme (bankofbaroda.in) Baroda Tiranga Deposit Scheme

The rates of interest for Baroda Tiranga Deposit Scheme have additionally been in impact from 1st November as per the official web site of the financial institution. The scheme comes with two particular tenors of 444 days and 555 days. On callable deposits maturing in 444 days, BoB is now providing an rate of interest of 5.75% to most people and 6.25% for senior residents whereas on callable deposits maturing in 555 Days will fetch a typical rate of interest of 6.00% and 6.505 for senior residents. On non-callable deposits maturing in 444 days, the financial institution is providing a typical charge of 6.00% and 6.50% for senior residents whereas these maturing in 555 days will fetch an rate of interest of 6.25% for most people and 6.75% for senior residents below the outdated Baroda Tiranga Deposit Scheme at Bank of Baroda.

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Baroda Tiranga Deposit Scheme (bankofbaroda.in) Interest charges for Baroda Advantage Fixed Deposits of ₹15 lakh to ₹2 Cr

On Baroda Advantage Fixed Deposit, the financial institution has additionally revised its rates of interest on 1st November. On deposits maturing in 1 yr to 399 Days, BoB is providing an rate of interest starting from 5.75% to 7.00 for most people and 6.25% to 7.50% for senior residents. Baroda Advantage Fixed Deposits maturing in 399 Days will fetch a most rate of interest of seven.00% for most people and seven.50% for senior residents.

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Baroda Advantage Fixed Deposits (bankofbaroda.in)

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