Exciting news from Bank of Baroda! They’ve boosted the interest rates on various term deposits for regular folks and senior citizens alike. Starting from October 9, 2023, if you deposit less than Rs 2 crore, you stand to gain up to 7.40% p.a. if you’re a general citizen, and a whopping 7.90% p.a. if you’re a senior citizen. That’s an extra 0.50% p.a. for seniors, plus an additional 0.15% for non-callable deposits.
And if you’re eyeing their Tiranga Plus Deposit Scheme for 399 days, seniors are in for a treat – they’ll get 7.80% p.a. on non-callable deposits. So, if you’ve been considering saving, this might just be the time to make your move!
Bank of Baroda is offering senior citizens an excellent deal when it comes to interest rates, surpassing even the likes of SBI and other top banks. They’re really happy to provide customers with attractive rates that guarantee solid returns. If you’re looking at a 2 to 3-year investment, senior citizens can enjoy interest rates as high as 7.90% p.a., which is among the best in the business. So, whether you’re an existing customer or new to the bank, now’s a fantastic time to park your savings in one of India’s leading banks and lock in these impressive interest rates,” explained Ravindra Singh Negi, Chief General Manager – Retail Liabilities & NRI Business at Bank of Baroda.
Before you make the decision to close out your home loan, here are five crucial points to ponder:
Bank of Baroda is all set to dazzle with its festive campaign, “BOB Ke Sang Tyohaar Ki Umang”. They’ve introduced some exciting schemes like the bob LITE Savings Account, the BOB BRO Savings Account, the My Family My Bank/BOB Parivar Account, the Baroda NRI PowerPack Account, and the BOB SDP (Systematic Deposit Plan). Each of these brings a bundle of perks tailored to suit different customer needs and preferences!
Our delightful campaign is poised to keep the dance alive until December 31, 2023, and we’re overjoyed to report that our customers have already embraced it with incredible enthusiasm. That’s not all – in addition to these exciting offers, our customers can now watch their deposits bloom with even higher interest rates!
In a proactive move, Bank of Baroda enhanced the interest rates on its retail term deposits in both March and May of 2023. This step was taken to provide better returns and benefits to its valued customers.
