Bank of Baroda Special FD: To check 75 years of India’s freedom, a few banks have been sending off exceptional plans. Bouncing into the fad, public area moneylender Bank of Baroda on Tuesday sent off a unique fixed deposit scheme, the Baroda Tiranga Deposit Scheme. Under this, the Bank of Baroda will offer two tenor pails of 444 days and 555 days, where investors will get up to 6 percent interest rates.
“The Baroda Tiranga Deposits are accessible in two tenor cans – offering interest rates of 5.75 percent p.a. for 444 days and 6.00 percent p.a. for 555 days. The plan opens on sixteenth August up till 31st December, 2022 and is pertinent on retail deposits underneath Rs 2 crore,” expressed Bank of Baroda in a proclamation.
Senior residents will acquire 0.50 percent loan fees over this, while non-callable deposits will get 0.15 percent additional premium.
“As India marks 75 years of freedom, we are glad to convince shoppers to celebrate. The Baroda Tiranga Deposit Scheme offers a higher pace of revenue and the adaptability to browse two tenures, supported by one of India’s driving and most confided in banks,” Ajay K. Khurana, Executive Director, Bank of Baroda, said in the articulation.
The moneylender had recewntly hiked its FD interest rates on broad tenors.
Here are the general interest rates (per annum) on fixed deposits beneath Rs 2 crore at the Bank of Baroda powerful from July 28:
7 days to 14 days – For General Public: 3.00 percent; For Senior Citizens: 3.50 percent
15 days to 45 days – For General Public: 3.00 percent; For Senior Citizens: 3.50 percent
46 days to 90 days – For General Public: 4.00 percent; For Senior Citizens: 4.50 percent
91 days to 180 days – For General Public: 4.00 percent; For Senior Citizens: 4.50 percent
181 days to 270 days – For General Public: 4.65 percent; For Senior Citizens: 5.15 percent
271 days and above and under 1 year – For General Public: 4.65 percent; For Senior Citizens: 5.15 percent
1 year – For General Public: 5.30 percent; For Senior Citizens: 5.80 percent
Over 1 year to 400 days – For General Public: 5.45 percent; For Senior Citizens: 5.95 percent
Over 400 days and as long as 2 years – For General Public: 5.45 percent; For Senior Citizens: 5.95 percent
Over 2 years and as long as 3 years – For General Public: 5.50 percent; For Senior Citizens: 6.00 percent
Over 3 years and as long as 5 years – For General Public: 5.50 percent; For Senior Citizens: 6.00 percent
Over 5 years to as long as 10 years – For General Public: 5.50 percent; For Senior Citizens: 6.00 percent
Over 10 years (MACT/MACAD Court Order plots just) – For General Public: 5.10 percent; For Senior Citizens: 5.60 percent.
