Bank of Baroda bob Square Drive FD: 444-Day Deposit Rates
Why in the news
Bank of Baroda added a new fixed deposit while pulling its festive scheme and adjusting other rates.
Interest rates
| Category | Rate p.a. | Premium |
|---|---|---|
| General | 7.15% | None |
| Senior (60+) | 7.65% | 0.50% extra |
| Super senior (80+) | 7.80% | 0.15% over senior |
Key facts
- Start: 7 April 2025; top rate: up to 7.80%.
- The festive scheme was discontinued and existing FD rates were recalibrated across tenures.
Significance
- Super senior rate stands out among public sector banks.
- Revised rates keep the bank competitive with peers.
- Fixed 444-day tenure aids planning.
Exam angle
- Tenure: 444 days.
- Withdrawn: Utsav Deposit Scheme.