With effect from November 1, customers using Bank of Baroda's Baroda Tiranga Plus Deposit Scheme will receive higher standard interest rates. "In a rising interest rate environment, we are pleased to offer a higher interest rate to consumers so that they earn more on their savings. The Baroda Tiranga Plus Deposit Scheme offers higher interest rates and assured returns. On our Non-Callable Deposits, the Bank has also decided to increase the Non-Callable Premium from 0.15% to 0.25% on retail term deposits, providing further benefits to customers,” said Ajay K. Khurana, Executive Director of Bank of Baroda, stating that this scheme offers greater interest rates and guaranteed returns.
BOB Tiranga Plus Deposit Scheme
It applies to both callable and non-callable maturing deposits and has a 399-day maturity time. The general public will get interested in callable deposits at a rate of 6.75 percent, while seniors will receive interest at a rate of 7.25 percent. Rates for non-callable services range between 7 and 7.50 percent.
BOB Tiranga Deposit Scheme
Interest rates have been in place for this scheme as well, which has a tenor of 444 days and 555 days, from November 1. Interest is available on callable deposits for 444 days at a rate of 5.75 percent for the general public and 6.25 percent for seniors. For 555 days, the appropriate percentage is 6 and 6.505 percent.
Interest is offered on non-callable deposits for 444 days at a rate of 6% for the general public and 6.50% for senior people. 6.25 percent and 6.75 percent are the respective percentages for 555 days.
Interest Rates for Bank of Baroda Advantage FD of Rs 15 Lakh to Rs 2 Crores
On November 1st, the bank also changed the interest rates on Baroda Advantage Fixed Deposits. BoB is giving an interest rate range of 5.75% to 7.00 for deposits maturing in 1 year to 399 days for the general public and 6.25% to 7.50% for senior persons. Maximum interest rates for Baroda Advantage Fixed Deposits that mature in 399 days are 7.00% for the general public and 7.50% for senior citizens.
