Bank of Baroda now offers 7.50% yield on Tiranga Plus fixed deposit system
Leading public sector lender, Bank of Baroda (BoB), today launched the Baroda Tiranga Plus Deposit Scheme, which will have higher standard interest rates for 399 days, up to 7.50% per year
Since November 1, customers using Bank of Baroda’s Baroda Tiranga Plus Deposit System will receive higher standard interest rates. “In a rising interest rate environment, we are pleased to offer a higher interest rate to consumers so they can earn more on their savings. The Baroda Tiranga Plus deposit scheme offers interest rates higher and assured returns.On our non-redeemable deposits, the Bank has also decided to increase the non-redeemable premium from 0.15% to 0.25% on retail term deposits, providing additional benefits to customers,” said Ajay K. Khurana, Executive Director of Bank of Baroda, saying that this program offers higher interest rates and guaranteed returns.
BOB Tiranga Plus Deposit System
It applies to both redeemable and non-redeemable maturing deposits and has a maturity of 399 days. The general public will be interested in deposits payable at a rate of 6.75%, while the elderly will receive interest at a rate of 7.25%. The rates for non-calling services vary between 7 and 7.50%.
BOB Tiranga Deposit System
Interest rates have also been put in place for this scheme, which has a duration of 444 days and 555 days, starting on November 1. Interest is available on deposits redeemable for 444 days at a rate of 5.75% for general public and 6.25% for seniors. For 555 days, the appropriate percentage is 6 and 6.505%.
Interest is offered on non-refundable deposits for 444 days at the rate of 6% for general public and 6.50% for seniors. 6.25% and 6.75% are the respective percentages for 555 days.
Interest Rate for Bank of Baroda Advantage FD from Rs 15 Lakh to Rs 2 Crores
On November 1, the bank also changed interest rates on Baroda Advantage fixed deposits. The BoB offers an interest rate range of 5.75% to 7.00 for deposits with maturities of 1 year to 399 days for the general public and 6.25% to 7.50% for the elderly. The maximum interest rates for Baroda Advantage fixed deposits that mature in 399 days are 7.00% for general public and 7.50% for seniors.
First published on: 03 November 2022, 11:20 IST
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