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Bank of Baroda Launched ‘BoB 360 Term Deposit Scheme’ with High-Interest Rates

Published on January 20, 2024
Current Context: Bank of Baroda has launched a new fixed deposit scheme called ‘BoB 360 Term Deposit Scheme’ on 15th January 2024.
Bank of Baroda Launched ‘BoB 360 Term Deposit Scheme’ with High-Interest Rates
  • Here are some details about the scheme:
    • It is a special short-term retail deposit product.
    • The scheme offers a high rate of interest for Domestic Term Deposits to Residents/NRO and Resident Senior Citizens.
    • The rate of interest for the general public and NRO is 7.10%, while for senior citizens it is 7.60%.
    • The scheme is applicable for a period of 360 days.
    • The minimum investment amount is Rs 1,000 and the maximum limit is Rs 2 crore.
    • The scheme is not available for NRE Deposits as per RBI guidelines.

Question:

Q.1 What is the name of the new fixed deposit scheme launched by Bank of Baroda?
a. BoB 360 Term Deposit Scheme
b. BoB 180 Term Deposit Scheme
c. BoB 720 Term Deposit Scheme
d. BoB 90 Term Deposit Scheme

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