Current Affairs - Banking - Discussion

The Bank of Baroda has launched the 'Bob Utsav Deposit Scheme', a limited-period 400-day term deposit offering competitive interest rates to various depositor categories. The scheme provides interest rates ranging from 7.30% for general citizens to 7.90% for super senior citizens. Additionally, the Bank of Baroda has increased interest rates on term deposits for select tenors, including a 30 basis points increase for the 3-5-year bucket. This move aims to capitalize on the current interest rate cycle, providing attractive savings options for customers during the festive season.