Bank of Baroda has introduced a new programme for its customers called the Baroda Tiranga Plus Deposit Scheme, which will give them greater standard interest rates.
“We are happy to provide consumers with a greater interest rate so they can profit more from their savings. Ajay K. Khurana, Executive Director of Bank of Baroda, stated that this scheme offers greater interest rates and guaranteed returns.
Tiranga Plus Deposit Program of the Bank of Baroda: Maturity
It has a 399-day maturity time and is applicable to maturing deposits that are both callable and non-callable. Seniors will earn interest at a rate of 7.25 percent, while the general public will receive interest on callable deposits at a rate of 6.75 percent. Non-callable service fees range from 7 to 7.50 percent.
Interest rate for the Bank of Baroda Tiranga Deposit Scheme
The interest rates for the Baroda Tiranga Deposit Scheme also went into effect on November 1st, according to the bank’s official website.
The tenors of the scheme are 444 days and 555 days, respectively. Callable deposits maturing in 444 days are now earning an interest rate of 5.75% for the general public and 6.25% for senior citizens at BoB, while callable deposits maturing in 555 days would typically earn an interest rate of 6.00% and 6.505 for senior people. The Bank of Baroda currently offers a standard rate of 6.00% and 6.50% for non-callable deposits maturing in 444 days, respectively, as opposed to the previous Baroda Tiranga Deposit Scheme, which offered interest rates of 6.25% for the general public and 6.75% for senior citizens on deposits maturing in 555 days.