Bank of Baroda BoB turned into based by way of Maharaja Sayajirao Gaekwad in July. It began with a settled up capital of Rs 10 lakh. Bank of Baroda is a pioneer in different customer driven activities in the Indian financial segment.
Bank is among first in the business to finish a comprehensive rebranding exercise wherein different novel client driven activities were embraced alongside the difference in logo. The initiatives include establishing of specialized NRI Branches, Gen–next Branches and Retail loan Factories SME personal loan Factories with an meeting band method of processing loans for fast disbursal of loans.
Anytime due to the fact its rebranding in , financial institution has continually promoted its principal strengths viz. enormous foreign presence; technological development and advanced customer service and so on. Bank had presented the sub brand BARODA NEXT–State of the Art–Straight from the Heart to feature how it has used innovation to support long haul connections for predominant client experience.
The sub brand was strengthened by alternative transport channels, eg Internet banking, ATMs, mobile banking and so held after robust delivery outfits like Retail Loan Factories, SME Loan Factories, City Sales Office and so on.
Bank constant effort to strengthen its branch / ATM network combined with personal service with knowledgeable staff at its various points of contact have improved customer interaction and satisfaction. Thus, the Bank itself is firmly positioned as a bank focused on technologically advanced customer.
Bank of Baroda Fixed Deposit rates
| Tenure | FD Rates | Senior Citizen FD Rates |
|---|---|---|
| 7 days to 14 days | 3.50% | 4.00% |
| 15 days to 45 days | 3.50% | 4.00% |
| 46 days to 90 days | 4.50% | 5.00% |
| 91 days to 180 days | 4.50% | 5.00% |
| 181 days to 270 days | 5.00% | 5.50% |
Bank of Baroda Recurring Deposit rates
| Tenure | General Rates | Senior Citizen Rates |
|---|---|---|
| 180 days | 4.50% | 5.00% |
| 181 days to 270 days | 5.00% | 5.50% |
| 271 days to 364 days | 5.00% | 5.50% |
| 1 year | 5.70% | 6.20% |
| 1 year 1 day to 400 days | 5.70% | 6.20% |
| 401 days to 3 years | 5.70% | 6.20% |
| 3 years 1 day to 5 years | 5.70% | 6.20% |
| 5 years 1 day to 10 years | 5.70% | 6.20% |
Bank of Baroda Savings Bank Deposit Rates
| Tenure | Rate of Interest |
| Saving Deposits Balance upto Rs. 50 lakh. | 3.50% p.a |
| Saving Deposits Balance above Rs. 50 lakh. | 4.00% p.a |
If you want to know more about Bank of Baroda Loans eligibility, procedure and schemes, kindly visit the below links