Bank of Baroda particular FD scheme providing 7.5% rate of interest will finish this week

Bank of Baroda has lately elevated the rates of interest provided on the “Baroda Tiranga Deposit Scheme”, a restricted interval particular retail time period deposit product that’s out there in two tenor buckets of 444 days and 555 days. The Baroda Tiranga scheme now provides depositors an rate of interest of as much as 7.50% p.a., which incorporates 0.50% p.a. for senior residents and 0.25% for non-callable deposits.

Savers which are concerned about securing this increased fee should hurry up because the scheme closes on December 31, 2022.

Existing prospects of Bank of Baroda can simply open an internet FD by way of the Bank’s Mobile Banking app (bob World) or Net Banking (bob World Internet).

Bank of Baroda FD Rates

Bank of Baroda has hiked retail time period deposit by as much as 65 bps. These charges are relevant on deposits beneath ₹2 crore, with impact from December 26, 2022.

The financial institution will give rate of interest of 5.75% on deposits maturing in 211 and 270 days and 271 days & above and fewer than 1 12 months. Deposits maturing in a single 12 months, 1 12 months, Above 1 Year to 400 days, above 400 days to 2 years, and a couple of years to three years years will now earn 6.75%

The rate of interest on deposits maturing in additional than three years and as much as ten years has climbed from 6.25% at BoB.

Under the Baroda Tiranga Deposit Scheme, Bank of Baroda additionally offers rates of interest up of 6.75% p.a. on 444-day and 555 Day deposits.

Catch all of the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint.
Download The Mint News App to get Daily Market Updates.

More
Less

Topics