Bank Of Baroda Customers: Big News! BOB introduced new deposit scheme, here you will get more interest than fixed deposit, check details

Bank of Baroda Term Deposit: Bank of Baroda has launched a special term deposit scheme for its customers, in which they will get more interest than normal.

Bank of Baroda Term Deposit: Bank of Baroda, one of the largest banks in the country has launched a new Domestic Retail Term Deposit for its customers. In this, customers are being offered more interest than normal FD. The bank said in a press release that in this term deposit scheme named ‘Baroda Tiranga Deposit Scheme’, people are being given interest at the rate of 6 percent. The scheme, which marks the 75th Independence Day of India, is a special term deposit scheme offering high interest rates.

Term Deposit (Bank of Baroda Term Deposit) will get up to 6 percent interest

This scheme is available for the customers of the bank (Bnak of Baroda) till December 31, 2022 and this scheme has two deposit tenors of 444 days and 555 days, which come at an interest rate of 5.75 per cent and 6 per cent respectively. The bank tweeted, “Keep up the fervor of Independence Day with Baroda Tricolor Deposit. Open the world of Bob’s World and start FD at some great interest rates!”

Banaye rakhein Independence day ka josh with Baroda Tiranga Deposits. Open bob World ki duniya and start an FD with some shaandaar interest rates! #BankofBaroda #AzadiKaAmritMahotsav @AmritMahotsav pic.twitter.com/6sGSh0KdQU

— Bank of Baroda (@bankofbaroda) August 17, 2022

Senior citizens will get more interest on term deposit (BOB deposit)

Bank of Baroda said that this scheme has been implemented on Tuesday and it is applicable on retail deposits of less than Rs 2 crore. The bank said that under the scheme, senior citizens will get an additional interest of 0.50 percent on their deposits.

What is the Bank of Baroda Fixed Deposit Interest Rate

SBI has also launched Utsav scheme

Let us inform that State Bank of India (SBI) has also implemented a similar term deposit scheme on August 15. In this scheme named SBI Utsav Deposit, customers get more interest than normal fixed deposits on depositing the amount. SBI said that this scheme is applicable for the next 75 days and customers get 6.10 percent interest. In this scheme, senior citizens will get an additional interest of 0.50 percent on their deposits.

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