Bank Of Baroda Lunch New Tiranga Plus Deposit Scheme – interest up to 7.50% per annum.
Bank Of Baroda recently announced the launch of the Tiranga Plus Deposit Scheme which offers a higher rate of interest of up to 7.50% per annum.
Regarding this brand new announcement, the executive director of the Bank of Baroda, said, “In a rising interest rate environment, we are pleased to offer a higher interest rate to consumers so that they earn more on their savings. The Baroda Tiranga Plus Deposit Scheme offers higher interest rates and assured returns. On our Non-Callable Deposits, the Bank has also decided to increase the Non-Callable Premium from 0.15% to 0.25% on retail term deposits, providing further benefits to customers.”
Ab kam mein milega zyada! Get an impressive interest rate of 7.50% P.A in a duration of just 399 days!— Bank of Baroda (@bankofbaroda) November 4, 2022
Hai na kam mein zyada?#BankofBaroda #BarodaTirangaPlus #DepositScheme #AzadiKaAmritMahotsav @AmritMahotsav pic.twitter.com/khN8uS6Ljm
The scheme came to effect on 1st November 2022. The Baroda Tiranga Deposits are available in two tenors; on callable deposits, it offers an interest rate of 5.75% p.a for 444 days to the general public and 6.25% p.a for senior citizens. For 555 days the figure becomes 6.00% for the general public and 6.50% for senior citizens.
On non-callable deposits, for 444 days interest is available for 6.0% to the general public and 6.50% for senior citizens. For 555 days the figure looks at6.25% for the general public and 6.75% for senior citizens.
Senior Citizens get an additional interest rate of 0.50%.