: Bank of Baroda launches special deposit scheme #FinanceIndia #StockMarketNEWS #Business Staff Reporter Panaji Bank of Baroda has announced the launch of Baroda Tiranga Deposit Scheme, a special

@StockMarketNEWS Mon 22 Aug, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Bank of Baroda launches special deposit scheme #FinanceIndia #StockMarketNEWS #Business
Staff Reporter

Panaji

Bank of Baroda has announced the launch of Baroda Tiranga Deposit Scheme, a special term deposit product offering higher interest rates. The deposits are available in two tenures – offering interest of 5.75% per annum for 444 days and 6% per annum for 555 days. The scheme, which opened on August 16, will be available till December 31, 2022, and is applicable on retail deposits below Rs. 2 crore.

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.??? Senior citizens will earn an additional interest of 0.5% per annum, while non-callable deposits will get 0.15 % per annumextra.