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Tag: Bank of Baroda

  • Bank Of Baroda Launches Utsav Deposit Scheme With Upto 7.9% Interest; Check Details Of The 400-Day Term Deposit Offer | Personal Finance News

    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.

  • Bank Of Baroda Revises Fixed Deposit Rates From Today 13 August 2024 –Check Latest HDFC FD Rates | Personal Finance News

    New Delhi: Bank of Baroda has increased fixed deposit (FD) interest rates for FDs of up to Rs 3 crore. Bank of Baroda’s new FD rates are effective from today 13 August 2024. 

    Check Bank of Baroda FD Interest Rate w.e.f. from 13 August 2024




    Tenors
    Residents / General Public
    Resident Indian Sr. Citizen




    7 days to 14 days
    4.25
    4.75*


    15 days to 45 days
    4.50
    5.00*


    46 days to 90 days
    5.50
    6.00*


    91 days to 180 days
    5.60
    6.10*


    181 days to 210 days
    5.75
    6.25*


    211 days to 270 days
    6.15
    6.65*


    271 days & above and less than 1 year (except 333Days and 360 Days)
    6.25
    6.75*


    333 Days (bob Monsoon Dhamaka Deposit Scheme)
    7.15
    7.65*


    360 Days (bob360)
    7.10
    7.60*


    1 year
    6.85
    7.35*


    399 Days (bob Monsoon Dhamaka Deposit Scheme)
    7.25
    7.75*


    Above 1 year to 400 days (Except 399 Days)
    6.85
    7.35*


    Above 400 days and upto 2 Years
    6.85
    7.35*


    Above 2 Years and upto 3 Years
    7.15
    7.65*


    Above 3 Years and upto 5 Years
    6.50
    7.15 #


    Above 5 Years and upto 10 Years
    6.50
    7.50**


    Above 10 years (MACT/MACAD
    Court Order schemes only)
    6.25
    6.75*

    Meanwhile, Bandhan too has announced a new bucket of 1 year 9 months at interest rate of 8.50 percent.

    “For a fixed deposit of 1 year 9-month, the bank offers 8.5% interest rates for senior citizens. On the same FD tenure, other customers will earn 8%. Bandhan Bank also offers an interest rate of 7% on a balance above Rs.10 lakh in the savings account,” Bandhan Bank said in a statement today.

    The Bank said that it is also offering an attractive and competitive interest rate of 7.75% to senior citizens on longer-term fixed deposits for a tenure above 1 Year 9 Months to less than 5 years. Others will earn 7.25% for the same term deposits.

    Earlier this month, Union Bank, ICICI Bank and Bank of India too announced rate revision in its fixed deposit  for FDs of up to Rs 3 crore.

  • From HDFC To IDFC: 4 Important Credit Card Changes You Need To Know | Personal Finance News

    New Delhi: In May 2024, several banks and card issuers updated their credit card fees, charges and rules. The top banks making these changes include Bank of Baroda, Swiggy HDFC Bank Credit Card, Yes Bank and HDFC Bank. It’s important for credit card customers to stay informed about these updates and follow the revised fees and guidelines set by their bank or credit card company.

    1. Bank of Baroda

    Bank of Baroda is increasing the late payment fees for credit cards starting from June 26. If customers miss a payment or pay less than the amount due they’ll have to face higher late fees. Further, the interest rate on unpaid dues will rise from 3.49 per cent i.e 41.88 per cent annually to 3.57 per cent per month i.e 45 per cent annually. (Also Read: HDFC Bank To Stop SMS Alerts For Small UPI Transactions Starting From THIS Date: Find Out Why)

    2. Swiggy HDFC Bank Credit Card

    There will be a significant change from June 21 in how this bank handles cashback. Instead of cashback appearing as Swiggy Money on its app it will be directly reflected on your credit card statement. This means the cashback will reduce your statement balance for the next month. The cashback will continue to show up on your Awiggy app as usual until June 20. (Also Read: PAN-Aadhaar Linking Update: Link PAN With Aadhaar Card Online Before May 31 And Avoid Higher TDS Deductions; I-T Dept Issues Notification)

    3. Yes Bank

    There have been several updates made by YES Bank to its credit cards except for the ‘private’ credit card type. These changes primarily affect the fuel fee category on some cards. The way spending levels are calculated for waiving annual and joining fees has been modified. Further, there is also a new extra fee utility transactions.

    4. IDFC Bank

    IDBC First Bank will be adding a utility bill surcharge for its credit card customers. If your total utility bill payments exceed Rs 20,000 in a single billing cycle you will be charged 1 percent fee plus GST. However, the FIRST Private Credit Card, LIC Classic Credit Card, and LIC Select Credit Card are exempt from this surcharge.

  • RBI Lifts Ban On Bank of Baroda's BoB World App, Allowing New Customer Registrations

    The Bank of Baroda had subsequently taken out corrective measures to address the concerns highlighted by the RBI. 

  • Want To Invest In Eco-Friendly Schemes? Check Detailed Comparison Of SBI vs BoB Green Rupee Term Deposit | Personal Finance News

    New Delhi: There are many investment avenues in India. But, as the world turns its focus towards environmental sustainability, Indian banks are stepping up their efforts to support green initiatives. State Bank of India (SBI) and Bank of Baroda are among the key players in this movement.

    Both banking giants offer green fixed deposit (FD) facilities to their customers. Here we are decoding the comparison of the green FDs provided by these two prominent banks. (Also Read: Indian CEO Leaves High-Paying Microsoft Job to Pursue Passion for Farming)

    Continue reading to delve deep into the further details. (Also Read: NHAI Revised Banks & NBFC List To Issue FASTags: Check New Authorized Entities Here)

    What Is Green Deposits?

    Green deposits are interest-bearing deposits received by regulated entities, with the funds specifically earmarked for allocation towards green finance, as per the Reserve Bank of India’s notification.

    The circular is dated April 11, 2023. These deposits aim to channel funds towards environmentally sustainable projects.

    RBI Issued FAQs

    The RBI recently released a document addressing various inquiries investors may have regarding green deposits, providing clarity and guidance on the matter.

    Introduction Of SBI And BoB Green Term Deposits

    Bank of Baroda has rolled out the BOB Earth Green Term Deposit Scheme, allowing both existing and new customers to open green deposits at any Bank of Baroda branch across India.

    Meanwhile, the State Bank of India offers the SBI Green Rupee Term Deposit (SGRTD) through its branch network. Additionally, plans are underway to make SGRTD available through digital channels such as YONO and Internet Banking Services (INB).

    SBI vs BoB Green Rupee Term Deposit: Tenors

    SGRTD from SBI provides investors with flexibility, offering three distinct tenors: 1111 days, 1777 days, and 2222 days.

    On the other hand, the BOB Earth Green Term Deposit Scheme introduces innovative tenures including 1 year, 1.5 years, 1111 days, 1717 days, and 2201 days.

    SBI vs BoB Green Rupee Term Deposit: Interest Rates

    According to information available on the SBI website, SGRTD offers interest rates 10 basis points (bps) below the card rate for retail and bulk deposits, varying based on the respective tenor.

  • financial institution supervisor acid assault: acid assault on financial institution supervisor occurring accountability, badly burnt face

    Kaushambi: An audacious incident has come to gentle from Kaushambi district of Uttar Pradesh on Monday. Right here there used to be an acid assault on a lady supervisor posted in a financial institution. Unknown miscreants threw Adis on the supervisor and fled. The individuals who reached the screaming knowledgeable the police and took the executive to the non-public health center.

    Diksha Sonkar, a resident of Himmatganj locality of Prayagraj district, is posted as a financial institution supervisor in Financial institution of Baroda in Kaushambi district. As same old from Diksha Sonkar’s area, Chillashahbaji Financial institution of Baroda used to be coming from scooty to Charva Kotwali. When the scooty reached close to the village of Chillasahabaji, unidentified bike-borne miscreants who have been already ambushed threw acid at the financial institution supervisor Diksha. She screamed and fell at the floor as quickly because the acid fell on her face. Profiting from the chance, the miscreants fled. Seeing the sufferer struggling at the floor, native villagers admitted Diksha to a personal health center. The police, who reached the guidelines, seeing the situation of the financial institution supervisor changing into important, despatched him to the Upper Well being Middle in Prayagraj.

    Most sensible officers reached the spot
    On data, best law enforcement officials have reached the spot. Within the investigation up to now, the police have now not been in a position to track the acid attackers. The police officer is scrutinizing the CCTV pictures put in within the highway passing round it together with the crime scene. Further SP Samar Bahadur stated that Diksha Sonkar, a financial institution supervisor who got here from Prayagraj and labored in Financial institution of Baroda, Charva, had an acid assault. He has been admitted to Swaroop Rani Health facility in Prayagraj for remedy. When requested in regards to the attackers, he stated that the topic is being investigated. Quickly the miscreants can be discovered and arrested.

    3 groups shaped
    On the identical time, SP Hemraj Meena advised that the sufferer has suffered accidents on her hand and entrance face and so forth. A case is being registered in reference to the incident. 3 police groups had been constituted for the disclosure. One is the Particular Operation Staff, the opposite is headed through the CO and the 3rd is from the native police station. The incident can be printed quickly.
    Enter- Ashok Vishwakarma

  • Financial institution of Baroda: Cashier and Joint Supervisor suspended in Financial institution of Baroda embezzlement case of crores of rupees, investigation discovered the case proper

    Hamirpur: The accused cashier and joint supervisor were suspended in a case of embezzlement of crores of rupees in a department of Financial institution of Baroda in Hamirpur district of Uttar Pradesh. On the identical time, after the registration of the FIR, the police has began looking for the primary accused cashier.

    Within the department of Financial institution of Baroda in Rath the city of Hamirpur district, whilst matching the money, the executive stuck a case of embezzlement of Rs 1.59 crore 94 thousand 375. At the data of the topic, the regional head of the financial institution Dharmendra Kumar and the manager supervisor regional and Om Narayan Sharma got here to the financial institution right here and began the investigation of the entire topic.

    When the topic was once discovered proper within the investigation, Manoj Giri, the executive of the department, filed a case towards cashier Surendra Rajput and joint supervisor HR Tripathi in Rath Kotwali beneath severe sections. The cashier had fled earlier than the investigation started. On the identical time, the financial institution’s upper officers additionally puzzled the joint supervisor.

    The cashier was once beneath the joint supervisor
    Financial institution’s supervisor Manoj Giri advised that all the case of the financial institution was once beneath the supervision of head cashier Surendra Rajput and joint supervisor. Cashier is often absent from accountability within the financial institution. Advised that the cashier and the joint supervisor were suspended on this case of embezzlement. Right here, the police is raiding from position to position on the lookout for the accused cashier, however the palms of the police are nonetheless empty.
    Enter- Pankaj Mishra

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