Bank of Baroda introduce new deposit products

Bank of Baroda (BoB) has launched the ‘Baroda Tiranga Deposit Scheme’, a special retail term deposit product that offers interest rates of 5.75% for 444 days and 6% for 555 days.

This scheme is applicable on retail deposits below ₹2 crore and remain in force till December 31, 2022. Senior citizens will earn an additional interest rate of 0.50%, while non-callable deposits will get 0.15% extra.

BoB Headquarters: Alkapuri, Vadodara; CEO: Sanjiv Chadha.