- A special Domestic Retail Term Deposit scheme offering attractive interest rates of 5.75% p.a. for 444 days and 6.00% p.a. for 555 days
- Senior Citizens get additional interest rate of 0.50% p.a.
- 0.15% extra for Non-Callable Deposits
Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of the Baroda Tiranga Deposit Scheme, a special term deposit product offering higher interest rates. The Baroda Tiranga Deposits are available in two tenor buckets – offering interest rates of 5.75% p.a. for 444 days and 6.00% p.a. for 555 days. The scheme opens on 16th August up till 31st December, 2022 and is applicable on retail deposits below Rs. 2 crore.
Further, senior citizens will earn an additional interest rate of 0.50% p.a., while Non-Callable Deposits will get 0.15% p.a. extra.
Shri Ajay K. Khurana, Executive Director, Bank of Baroda, said: “As India marks 75 years of Independence, we are delighted to give consumers one more reason to celebrate. The Baroda Tiranga Deposit Scheme offers a higher rate of interest and the flexibility to choose from two tenures, backed by one of India’s leading and most trusted banks.”
Bank of Baroda customers can use bob World to open an online FD through Mobile.