Bank of Baroda launches bob 360 – a “Short-Term Deposit Scheme”  

A special Domestic Retail Term Deposit scheme offering depositors one of the most attractive interest rates amongst large banks on deposits of less than 1 year maturity 

Earn 7.10% p.a. for 360 days; 7.60% p.a. for Senior Citizens  

Bangalore, 15th January 2024 :   Bank of Baroda (Bank), one of India’s leading public sector banks announced the launch of the bob “360 Deposit Scheme”, a special short-term retail deposit scheme offering higher interest rates up to 7.60% p.a. for 360 days, which includes 0.50% p.a. for senior citizens. The scheme opens on 15th January, 2024 and is applicable on retail deposits below Rs 2 crore.

Amongst large banks, this is one of the most attractive rates being offered to depositors for fixed deposits of less than 1 year maturity.

bob 360 Deposit Scheme w.e.f. 15.01.2024 

Tenor

Residents/ General Public/ NRO

Resident India Senior Citizens

360 Days

7.10% p.a.

7.60% p.a.

Shri Joydeep Dutta Roy, Executive Director, Bank of Baroda said, “bob 360 is an excellent opportunity for depositors who are looking for higher interest rates and assured returns for a shorter time period. At the same time, bob 360 will help the Bank increase its share of short-term Retail Term Deposits and manage its cost of deposits effectively.”

Existing and new customers of Bank of Baroda can open bob 360 through any of the Bank’s branches across India, while an online FD can also be opened via the Bank’s Net Banking (bob World Internet) platform. Existing customers can also open an online FD through the Mobile app (bob World).  

 

Check Also

SIDBI and Bihar Start-up Fund Trust collaborate to enhance the startup ecosystem in Bihar

Bihar Start-up Fund Trust, Department of Industries, Government of Bihar and SIDBI entered an MOU …