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Bank of Baroda Launches bob Utsav Deposit Scheme.

Banking & Finance | Dated: 30 Oct 2024

Vadodara-based Bank of Baroda (BoB) has introduced the 'bob Utsav Deposit Scheme', a 400-day fixed deposit scheme. This scheme offers attractive interest rates: 7.30% p.a. for the general public, 7.80% p.a. for senior citizens, 7.90% p.a. for super senior citizens (aged 80 and above), and up to 7.95% p.a. for Non-Callable Deposits.

🎯 Key Highlights:

  • - Interest rates for bob Earth Green Term Deposits have also been raised by 30 bps to 7.15% p.a. for selected tenors.

💡 Other Important Facts:

  • (i) The scheme is open from October 14, 2024, and is applicable for fixed deposits below Rs 3 crore as a limited-period offer.
  • (ii) Additionally, BoB has increased interest rates on deposits in the 3-5 year range by 30 basis points (bps), moving from 6.50% p.a. to 6.80% p.a.

📚 Test Your Knowledge:

What is the name of the new deposit scheme Recently launched by Bank of Baroda?

Correct Answer: BoB Utsav Deposit

🚀 Quick Recap:

About Bank of Baroda

  • CEO: Devdutt Chand
  • Headquarters: Alkapuri, Vadodara