Bank of Baroda Launches 555-Day Golden Goal Deposit Scheme with Up to 7.40% Interest

Bank of Baroda has launched the 'bob Golden Goal Deposit Scheme', a fixed deposit product offering interest rates of up to 7.40 percent per annum for a 555-day tenure. The scheme is available for retail deposits below Rs 3 crore.

General customers can earn 6.75 percent per annum on callable deposits, while resident senior citizens receive 7.25 percent. Resident super senior citizens aged 80 and above can earn 7.35 percent. Non-callable deposits offer higher rates: 6.80 percent for general customers, 7.30 percent for senior citizens, and 7.40 percent for super senior citizens.

Bank of Baroda Executive Director Beena Vaheed said the scheme helps customers secure higher returns in the current interest rate environment. The deposit can be opened through the bank's digital platforms and branches.