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Bank of Baroda launches Baroda Tiranga Deposits
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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

MUMBAI, India, Sept. 26, 2022 /PRNewswire/ -- Bank of Baroda (Bank), one of India's leading public sector banks, today  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.

Baroda  Tiranga  Deposit Scheme  w.e.f.  16.08.2022


Callable

Non-Callable

Tenors                    

General/NRE/NRO

Senior Citizens

General/NRE/NRO

Senior Citizens

444 days

5.75% p.a.

6.25% p.a.

5.90% p.a.

(5.75 + 0.15)

6.40% p.a.

(5.75 + 0.15 + 0.50)

555 days

6.00% p.a.

6.50% p.a.

6.15% p.a.

(6.00 + 0.15)

6.65% p.a.

(6.00 + 0.15 + 0.50)

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  Fixed Deposit through  Mobile.

About  Bank  of  Baroda

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is   majorly  owned  by  the  Government  of  India.  The  Bank  serves its  global  customer base of over 150 million through over 46,000 touchpoints spread across 17 countries in five continents. Through Its state-of-the-art digital banking platforms, it provides all banking products and services in a seamless and hassle-free manner. The recently launched bob World mobile app provides customers with a saving, investing, borrowing, and shopping experience, all under one single app. The app also serves non-customers by enabling account opening through  video  KYC.  The  Bank's  vision matches  its  diverse clientele  base  and  instills  a  sense  of  trust  and  security.  It  is  moving well  in  that  direction  and  bob  World is  a  testimony  of  its  roadmap towards  Digital  Transformation.

For more information, please contact:

Bank Of Baroda,
Email: corp.pr@bankofbaroda.com

 

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