Bank of Baroda launches ‘bob Golden Goal Deposit Scheme’

Bank of Baroda has launched the bob Golden Goal Deposit Scheme, a 555-day retail term deposit offering interest rates of up to 7.40 per cent per annum. The scheme is available for deposits below ₹3 crore and can be accessed online or through branches.

Hyderabad: Bank of Baroda on Monday launched ‘bob Golden Goal Deposit Scheme,’ a new retail term deposit offering, designed to provide customers with assured returns, a statement from the bank said.

The scheme features a specific 555-day tenor and is available for retail deposits under Rs 3 crore. The interest rates vary based on the depositor category and deposit type.

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The tenor deposit scheme is offering an attractive interest rate of 6.75 per cent per annum for the general public, 7.25 per cent per annum for senior citizens, 7.35 per cent per annum for super senior citizens aged 80 years and above and up to 7.40 per cent p.a. on Non-Callable Deposits.

Executive Director Beena Vaheed stated that the scheme provides an attractive opportunity for depositors to secure higher interest rates in the current financial environment.

Customers can access this scheme through the ‘bob World’ mobile app, net banking, or by visiting any Bank of Baroda branch. New customers can open a fixed deposit directly via the bank’s website without needing an existing savings account, the press release added.