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The bob Square Drive Deposit Scheme offers7.15% p.a. for general citizens; 7.65% p.a. for senior citizens; 7.75% p.a. for super senior citizens and up to 7.80% p.a. on Non-Callable Deposits
Bengaluru, 7thApril, 2025: Bank of Baroda (Bank), one of Indiaֱ leading public sector banks, today announced the launch ofa new retail term deposit scheme – the‘bob Square Drive Deposit Scheme’,a 444-day term deposit schemeoffering an interest rate of 7.15% p.a.for the general public, 7.65% p.a. for senior citizens, 7.75% p.a. for super senior citizens (aged 80 years & above) and up to 7.80% p.a. on Non-Callable Deposits. The scheme opens on 7thApril, 2025 and is applicable on retail term deposits below Rs 3 crore.
| bob Square Drive Deposit Schemew.e.f. 07.04.2025 | ||||||
| Callable | Non-Callable
(Deposits above Rs 1 Croreto less than Rs 3 crore) |
|||||
| Tenor | Residents/
General Public/NRO/NRE |
Resident Senior Citizens | Resident Super Senior Citizens | Residents/
General Public/NRO/NRE |
Resident Senior Citizens | Resident Super Senior Citizens |
| 444 days | 7.15% p.a. | 7.65% p.a.
(7.15+0.50)
|
7.75% p.a.
(7.15+0.50+0.10) |
7.20% p.a.
(7.15+0.05) |
7.70% p.a.
(7.20+0.50) |
7.80% p.a.
(7.20+0.50+ 0.10) |
Ms. Beena Vaheed, Executive Director, Bank of Barodasaid, “With interest rates trending downwards, the ‘bob Square Drive Deposit Scheme’ offers depositors an attractive option to lock in higher rates and earn stable & assured returns on their savings. Bank of Baroda continues to innovate on its deposit offerings to offer solutions that meet the evolving and diverse financial goals of our customers.”
Customers can open a fixed deposit through the Bankֱ digital channels including the bob World app and the Bankֱ Internet Banking platform as well as at any Bank of Baroda branch.
Further, New to Bank customers can now open FDs with the Bank from theBank of Baroda websitethrough Video KYC, without the need to open a Savings Account.
