Bank of Baroda launches retail term deposit of 444-days tenor at 7.15%

FINANCE

Bank of Baroda launches retail term deposit of 444-days tenor at 7.15%

AIMPWA

April 7, 2025

Table of Content

Senior citizens and super senior citizens (aged 80 years & above) will earn an interest rate of 7.65% and 7.75% per annum, respectively.

Bank of Baroda (BoB) has launched a retail term deposit (below ₹3 crore) scheme – the ‘bob Square Drive Deposit Scheme’ of 444-days tenor at an interest rate of 7.15 per cent per annum for the general public.

Senior citizens and super senior citizens (aged 80 years & above) will earn an interest rate of 7.65 per cent and 7.75 per cent, per annum, respectively.

On non-callable deposits (above ₹1 crore and below ₹3 crore), the aforementioned category of deposits will earn additional 5 basis points.

Beena Vaheed, Executive Director, Bank of Baroda said, with interest rates trending downwards, the new scheme offers depositors an attractive option to lock in higher rates and earn stable and assured returns on their savings.

Published on April 7, 2025

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