The scheme opens for subscription on August 16, 2022, and will remain open till December 31, 2022. The said scheme is applicable for retail deposits below Rs 2 crore.
Further, the scheme aims to provide an additional 0.50% p.a. to Senior Citizens, so the effective rate becomes 6.25% for callable deposits. While Non-Callable Deposits will be given 0.15% p.a. extra.
“As India celebrates 75 years of independence, we are delighted to add to this celebration of our consumers,” said Ajay K. Khurana, Bank of Baroda’s Executive Director.
He added, “The Baroda Tiranga Deposit Scheme is supported by one of India’s leading and most trusted banks. It offers a higher rate of interest and the flexibility to choose between two tenures.”
Bank of Baroda customers can open an online FD through Mobile using bob World.
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