New Delhi: FD investors have benefited from the increase in the repo rate in several installments by the RBI. Interest rates on term deposits or FDs have increased in the last few months. People have started getting good returns on their deposits.
In this episode, the state-run bank Bank of Baroda has launched a special scheme. Its name is Baroda Tiranga Deposits. It is a special domestic retail term deposit scheme. The scheme offers customers attractive interest rates on term deposits. The bank has launched this scheme on Tuesday. Baroda Tricolor Deposits are available in two tenors.
These are the interest rates.
In Baroda Tiranga Deposits Scheme, interest rate of 5.75 per cent is being offered on term deposits of 444 days. At the same time, the interest rate for 555 days term deposit has been kept at 6 percent. Senior citizens will get the benefit of 0.50 percent additional interest rate in this scheme. In this way, senior citizens will get 6.25 per cent return on term deposit of 444 days and 6.50 per cent on term deposit of 555 days. At the same time, 0.15 percent more return will be available on non-callable deposits.
How long can you take advantage
Baroda Tiranga Deposits Scheme is open on 16th August. This will continue till December 2022. Explain that Bank of Baroda customers can open FD online using the Bob World app.
