Bank of Baroda launches particular fastened deposits providing larger rates of interest

Bank of Baroda (Bank), considered one of India’s main public sector banks, in the present day introduced the launch of the Baroda Tiranga Deposit Scheme, a particular time period deposit product providing larger rates of interest. The Baroda Tiranga Deposits can be found in two tenor buckets – providing rates of interest of 5.75% p.a. for 444 days and 6.00% p.a. for 555 days. The scheme opens on sixteenth August up until thirty first December, 2022 and is relevant on retail deposits beneath ₹2 crore.

Senior residents will earn a further rate of interest of 0.50% p.a., whereas Non-Callable Deposits will get 0.15% p.a. additional.

 “As India marks 75 years of independence, we’re delighted to provide customers another reason to rejoice. The Baroda Tiranga Deposit Scheme presents the next price of curiosity and the pliability to select from two tenures, backed by considered one of India’s main and most trusted banks,” said Ajay K. Khurana, Executive Director, Bank of Baroda.

On the occasion of the nation’s 76th year of Independence, celebrated as Azadi Ka Amrit Mahotsav, the State Bank of India (SBI) too introduced  special term deposit known as “Utsav Deposit.” This fastened deposit scheme has larger rates of interest and is barely out there for a restricted time.

On Utsav Fixed Deposit Scheme, SBI is providing an rate of interest of 6.10% every year on fastened deposits with a tenure of 1000 days. And senior residents will probably be eligible to get a further rate of interest of 0.50% over and above the common price. These charges are efficient as of fifteenth August 2022 and the scheme is legitimate for a interval of 75 days.

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