Bank of Baroda Introduces ‘bob Square Drive Deposit Scheme’
The bob Square Drive Deposit Scheme offers 7.15% p.a. for general citizens; 7.65% p.a. for senior citizens; 7.75% p.a. for super senior citizens and up to 7.80% p.a. on Non-Callable Deposits
Mumbai, 7th April, 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, today announced the launch of a new retail term deposit scheme – the ‘bob Square Drive Deposit Scheme’, a 444-day term deposit scheme offering an interest rate of 7.15% p.a. for the general public, 7.65% p.a. for senior citizens, 7.75% p.a. for super senior citizens (aged 80 years & above) and up to 7.80% p.a. on Non-Callable Deposits. The scheme opens on 7th April, 2025 and is applicable on retail term deposits below Rs 3 crore.
Join PSU Connect on WhatsApp now for quick updates! Whatsapp Channel
|
bob Square Drive Deposit Scheme w.e.f. 07.04.2025 |
||||||
|
|
Callable |
Non-Callable (Deposits above Rs 1 Crore to less than Rs 3 crore) |
||||
|
Tenor |
Residents/ General Public/NRO/NRE |
Resident Senior Citizens |
Resident Super Senior Citizens |
Residents/ General Public/NRO/NRE |
Resident Senior Citizens |
Resident Super Senior Citizens |
|
444 days |
7.15% p.a. |
7.65% p.a. (7.15+0.50)
|
7.75% p.a. (7.15+0.50+0.10) |
7.20% p.a. (7.15+0.05) |
7.70% p.a. (7.20+0.50) |
7.80% p.a. (7.20+0.50+ 0.10) |
Ms. Beena Vaheed, Executive Director, Bank of Baroda said, “With interest rates trending downwards, the ‘bob Square Drive Deposit Scheme’ offers depositors an attractive option to lock in higher rates and earn stable & assured returns on their savings. Bank of Baroda continues to innovate on its deposit offerings to offer solutions that meet the evolving and diverse financial goals of our customers.”
Read Also : NTPC Ltd accepts bid for Rs 5000 crore Rupee Term Loan of IRFC Ltd