“We are happy to offer consumers a higher interest rate so they can get more out of their savings. Bank of Baroda CEO Ajay K. Khurana stated that this scheme offers higher interest rates and guaranteed returns.
Bank of Baroda Tiranga Plus Deposit Scheme: Maturity
It has a maturity of 399 days and is applicable to maturing deposits which are both demand and non-redeemable. Senior citizens get an interest rate of 7.25 percent, while the general public gets an interest rate of 6.75 percent on demand deposits. Non-calling service fees vary between 7-7.50 percent.
Bank of Baroda Tiranga Deposit Scheme Interest Rate
The interest rates of the Baroda Tiranga deposit scheme will also come into effect from November 1, according to the bank’s official website.
The validity periods of the system are 444 days and 555 days. Demand deposits maturing in 444 days now earn 5.75% for the general public and 6.25% for senior citizens at BoB, while demand deposits maturing in 555 days typically earn 6.00% and senior citizens 6.505. Bank of Baroda currently offers a standard interest rate of 6.00% and 6.50% on non-redeemable deposits maturing after 444 days, unlike the earlier Baroda Tiranga deposit scheme which offered an interest rate of 6.25% and 6.75% to the public. % for senior citizens on deposits maturing within 555 days.