Mumbai, July17 (MExN): Bank of Baroda (Bank) has announced the launch of the bob Monsoon Dhamaka Deposit Scheme, a special term deposit product offering higher interest rates.
The bob Monsoon Dhamaka Deposit Scheme is available in two tenor buckets – offering interest rates of 7.25% p.a. for 399 days and 7.15% p.a. for 333 days. The scheme opens on July 15 and is applicable on retail deposits below Rs 3 crore. The bob Monsoon Dhamaka Deposit Scheme offers a maximum interest of 7.90% p.a for 399 Days, which includes 0.50% p.a. for senior citizens and 0.15% for non-callable deposits.
bob Monsoon Dhamaka Deposit Scheme w.e.f. 15.07.2024 | ||||
| Callable | Non-Callable (Deposits above Rs 1 crore to less than Rs 3 crore) | ||
Tenors | Residents/General Public/NRO/NRE* | Resident Senior Citizens | Residents/General Public/NRO/NRE* | Resident Senior Citizens |
399 days | 7.25% p.a. | 7.75% p.a.
| 7.40% p.a. (7.25 + 0.15) | 7.90% p.a. (7.25 + 0.50 + 0.15) |
333 days | 7.15% p.a. | 7.65% p.a.
| - | - |
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