New Delhi: Bank of Baroda (BoB), public sector bank, on Tuesday announced the launch of the BoB Utsav Deposit Scheme.
The 400-day period term deposit scheme introduced specially for the festive season offers interest rates of 7.30% p.a. for the general public, 7.80% p.a. for senior citizens, 7.90% p.a. for super senior citizens (aged 80 years & above) and up to 7.95% p.a. on Non-Callable Deposits.
The scheme opened on 14th October, 2024 and is applicable on fixed deposits below Rs 3 crore. bob Utsav is a limited period offer.
As a part of the festive campaign, the Bank has also increased interest rates in the Above 3 year to 5 year bucket by 30 basis points (bps) – from 6.50% p.a. to 6.80% p.a. This increase in rates will also benefit bob SDP (Systematic Deposit Plan) customers who can lock-in higher interest rates on each monthly contribution made for a 3 to 5 year period. bob SDP is a recurring deposit scheme by Bank of Baroda that provides assured returns through regular savings every month.
bob Utsav Deposit Scheme w.e.f. 14.10.2024
Callable
Non-Callable
(Deposits above Rs 1 crore to 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
400 Days
7.30% p.a.
7.80% p.a.
(7.30 + 0.50)
7.90% p.a.
(7.30+0.50+0.10)
7.35% p.a.
(7.30 + 0.05)
7.85% p.a.
(7.30 + 0.05 + 0.50)
7.95% p.a.
(7.30 + 0.05 + 0.50 + 0.10)
Further, the interest rates on bob Earth Green Term Deposits have also been increased by 30 bps in select tenors.
For the first time, the Bank is also introducing a Super Senior Citizen category in Fixed Deposits where customers aged 80 years & above can benefit from 10 bps additional interest on top of the senior citizen rate for term deposits above 1 year to up to 5 years tenors.
Domestic Term Deposits below ₹ 3.00 Crore [Fresh & Renewal] [Callable]
Tenors
Resident/ General Public/ NRO/ NRE
Resident Indian Senior Citizen
Resident Super Senior Citizen
Old Rate
(% p.a.)
New Rate
(% p.a.)
Old Rate
(% p.a.)
New Rate
(% p.a.)
New Rate
(% p.a.)
3 Years to 5 Years
6.50% p.a.
6.80% p.a.
7.15% p.a.
7.40% p.a.
7.50% p.a.
bob Earth Green Term Deposits below ₹ 3.00 Crore [Fresh & Renewal] [Callable]
Tenors
Resident/ General Public/ NRO/ NRE
Resident Indian Senior Citizen
Resident Super Senior Citizen
Old Rate
(% p.a.)
New Rate
(% p.a.)
Old Rate
(% p.a.)
New Rate
(% p.a.)
New Rate
(% p.a.)
1111 Days
6.45% p.a.
6.75% p.a.
7.10% p.a.
7.35% p.a.
7.45% p.a.
1717 Days
6.45% p.a.
6.75% p.a.
7.10% p.a.
7.35% p.a.
7.45% p.a.
Baroda Tax Savings Term Deposits below ₹ 3.00 Crore [Fresh & Renewal] [Callable]
Tenors
Resident/ General Public/ NRO
Resident Indian Senior Citizen
Resident Super Senior Citizen
Old Rate
(% p.a.)
New Rate
(% p.a.)
Old Rate
(% p.a.)
New Rate
(% p.a.)
New Rate
(% p.a.)
5 Years
6.50% p.a.
6.80% p.a.
7.15% p.a.
7.40% p.a.
7.50% p.a.
Customers can open a fixed deposit or bob SDP through any Bank of Baroda branch, as well as through the Bank’s digital channels including the bob World app and the Bank’s Internet Banking platform.
