Mumbai, June 19: Bank of Baroda, one of India’s leading public sector banks, has launched a new retail term deposit scheme – the ‘bob Golden Goal Deposit Scheme’,
The special 555-day tenor deposit scheme offers an interest rate of 6.75% p.a. for the general public, 7.25% p.a. for resident senior citizens, 7.35% p.a. for resident super senior citizens (aged 80 years & above) and up to 7.40% p.a. on Non-Callable Deposits.
The scheme is applicable on retail term deposits below Rs 3 crore.
The new scheme is designed to provide depositors with an attractive investment avenue backed by assured returns.
Speaking on the launch, Bank of Baroda Executive Director Beena Vaheed said, “In today’s evolving interest rate environment, the ‘bob Golden Goal Deposit Scheme’ offers depositors an attractive opportunity to lock in higher rates. The scheme reflects our continued commitment to offering innovative and value-driven products that help customers achieve their financial goals.”
Customers can conveniently open a new Fixed Deposit through the Bank’s Mobile Banking app (bob World), Net Banking (bob World Internet) or by visiting any Bank of Baroda branch across India.
Further, New to Bank customers can open a Fixed Deposit online through the Bank of Baroda website, without the need to open a savings account. (BVI)
