![]() ![]() ![]() The 'Baroda Tiranga Deposit Scheme' marks the 75th Independence Day of India, which is a special term deposit scheme offering higher interest rates, the bank said in a release on Tuesday. Bank of Baroda launches special deposit schemes offering higher interest rates up to 6%īank of Baroda has launched a new deposit scheme offering interest rates of up to 6 per cent on domestic retail term deposits. Meanwhile, senior citizens get a 0.5 per cent higher interest rate. The bank is offering term deposits from 7 days to 10 years where customers can earn between 3 per cent to 5.75 per cent interest. As per the information available on the PNB website, the new rates have come into effect from 17 August. India’s second largest public lender has also increased interest rates on fixed deposits less than Rs 2 cr. For more than one year, the rates have been hiked by rates ranging from 75-125 basis points, the report further said. Bulk deposit rates have been increased by 25-50 basis points for period up to one year. State Bank of India increased its deposit rate by 15 basis points on deposit maturing between 180 days and 210 days from 4.40 per cent to 4.55 per cent an IANS report said quoting data compiled by CareEdge.įor all other tenures, the SBI FD interest rates have also been hiked by 15 basis points.
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