Bank of Baroda launched a new scheme on November 1, 2022 called Baroda Tiranga Plus Deposit Scheme, for its customers that will get them higher standard interest rates.
“We are pleased to offer a higher interest rate to consumers so that they earn more on their savings. This scheme offers higher interest rates and assured returns,” said Ajay K Khurana, Executive Director, Bank of Baroda.
Bank of Baroda Tiranga Plus Deposit Scheme- Maturity
Bank of Baroda Tiranga Deposit Scheme- Interest rate
According to the bank's official website, the interest rates for the Baroda Tiranga Deposit Scheme went into effect on November 1st as well.
The plan has two distinct tenors, 444 days and 555 days. BoB is currently offering an interest rate of 5.75% to the general public on callable deposits maturing in 444 days and 6.25% for senior citizens, while callable deposits maturing in 555 days would earn a normal interest rate of 6.00% and 6.505 for senior citizens. In contrast to the old Baroda Tiranga Deposit Scheme at Bank of Baroda, which offered interest rates of 6.25% for the general public and 6.75% for senior citizens on deposits maturing in 555 days, the bank is currently offering a standard rate of 6.00% and 6.50% for non-callable deposits maturing in 444 days.
Baroda Advantage Fixed Deposit Interest Rates from 15 lakh to 2 crore
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.
