Bank of Baroda Introduces the ‘bob Golden Goal Deposit Scheme’ offering Interest Rates of up to 7.40 percent p.a. for a tenor of 555 Days

Mumbai, June 13: Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of a new retail term deposit scheme – the ‘bob Golden Goal Deposit Scheme’, a special 555-day tenor deposit scheme offering an attractive interest rate of 6.75% p.a. for the general public, 7.25% p.a. for resident senior citizens, 7.35% p.a. for resident super senior citizens (aged 80 years & above) and up to 7.40% p.a. on Non-Callable Deposits. The scheme is applicable on retail term deposits below Rs 3 crore.

 The newly launched scheme is designed to provide depositors with an attractive investment avenue backed by assured returns.

Speaking on the launch, Smt. Beena Vaheed, Executive Director, Bank of Baroda said, “In today’s evolving interest rate environment, the ‘bob Golden Goal Deposit Scheme’ offers depositors an attractive opportunity to lock in higher rates. The scheme reflects our continued commitment to offering innovative and value-driven products that help customers achieve their financial goals.”

Customers can conveniently open a new Fixed Deposit through the Bank’s Mobile Banking app (bob World), Net Banking (bob World Internet) or by visiting any Bank of Baroda branch across India. Further, New to Bank customers can open a Fixed Deposit online through the Bank of Baroda website, without the need to open a savings account.