Bank of Baroda's special fixed deposit offering 7.5% interest rate to end on Dec 31

Bank of Baroda has recently increased the interest rates offered on its 'Tiranga Deposit Scheme', a limited period special retail term deposit (fixed deposit) product that is available in two tenor buckets of 444 days and 555 days. The 'Baroda Tiranga scheme' now offers depositors an interest rate of up to 7.50 percent, which includes 0.50 percent for senior citizens and 0.25 percent for non-callable deposits.

This fixed deposit offer is available till December 31, 2022.

An individual in his/her own name.

Jointly by more than one individuals.

In the names of Clubs, associations, Educational Institutions, Partnerships and joint stock companies and any other institutions, which are eligible to open a term deposit, account as per bank rules.

All other terms and conditions applicable to term deposits except rate of interest and period remain same for Baroda's Tiranga Deposit Scheme.