Bank of Baroda launches deposit scheme with 7.1-7.6 percent interest
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The scheme, which opened on Monday, is applicable to retail deposits of less than Rs 2 crore. The bank was earlier offering 6.25 percent interest on bulk deposits of 271 days. Existing and new customers of the bank can open this deposit scheme named ‘BOB360’ in any branch, online or with the help of mobile app.
Mumbai Public sector Bank of Baroda on Monday announced a new deposit scheme that offers interest payouts in the range of 7.1-7.6 per cent per annum. Bank of Baroda (BoB) said in a statement that its special short-term retail deposit scheme offers an interest rate of 7.60 per cent per annum for senior citizens and 7.10 per cent for others.
The scheme, which opened on Monday, is applicable to retail deposits of less than Rs 2 crore. The bank was earlier offering 6.25 percent interest on bulk deposits of 271 days. Existing and new customers of the bank can open this deposit scheme named ‘BOB360’ in any branch, online or with the help of mobile app.
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