Bank of Baroda launched a new account. Specifically, the “bob Women Sapphire” is for women. Initially, most accounts offered only basic tools. Now, this account adds a ₹10 lakh cancer plan. Consequently, it is a top wellness product. Indeed, it mixes luxury with vital health safety.

Elite Health and Lifestyle Perks

Look, the health perks help your family. Specifically, you get free doctor chats online. Indeed, these chats cover six family members. Furthermore, you save 15% on most medicines. Actually, you also get 20% off lab tests. Moreover, the account includes a premium debit card. This card gives you free gym access. Also, it offers domestic airport lounge visits.

Key Banking Privileges:

• Loans: Get 50% off home loan fees.

• Lockers: Enjoy a 20% discount on rentals.

• Credit: Pay 50% less for Tiara cards.

• Service: Access priority banking help via calls.

Understanding the Balance Needs

Actually, this is a premium banking tier. Specifically, you must keep a high balance. Indeed, the Monthly Average Balance is ₹1 lakh. Otherwise, you might lose your insurance cover. Therefore, track your daily balance very closely. Consequently, you will keep all your perks.

The BOBCARD Tiara Advantage

Regarding credit, the Tiara card offers more. Specifically, it provides unlimited lounge visits often. Moreover, you earn 5X points on travel. Also, the card includes free Amazon Prime. Consequently, it pairs well with your account. Indeed, it is a great tool for shoppers.

How to Open an Account

While the perks are many, sign-up is easy. Specifically, resident women over 18 can apply. Moreover, use the “bob World” app today.

In short, have your Aadhaar and PAN ready. Then, you can start using your perks. Next, I can help you find branches. Right.

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These services include UPI Global Acceptance, Foreign Inward Remittance and UPI Service for NRIs. Indian and NRI customers of Bank of Baroda will be able to make cross-border digital payments and money transfers in real time and in an easy way.

The bank’s executive director Sanjay Mudaliar said that UPI has changed the face of digital payments in India. Now we are providing its service globally through bob e Pay International.

1. UPI Global Acceptance

Now, Bank of Baroda customers will be able to make payments to international merchants by scanning QR code directly from bob e Pay app while travelling abroad. Payment will be made directly from Indian bank account. This facility is available in 8 countries. These countries include Mauritius, Singapore, UAE, USA, France, Sri Lanka, Nepal and Bhutan. The transaction amount will be shown in both international and Indian currency . Along with this, information about exchange rate and charges will also be available, so that transparency is maintained.

2. Foreign Inward Remittance only in Singapore

Now Bank of Baroda customers living in India will be able to receive 24×7 real-time money transfers from people in Singapore. Singapore residents can send money by simply entering the UPI ID/VPA of the recipient. The amount will be sent in Singapore Dollars ( SGD) and will be credited directly to the account in India in Indian Rupees ( INR) . This facility will be useful for purposes like financial assistance to family .

3. UPI Services for NRIs ​​

NRI customers of Bank of Baroda will now be able to send and receive money using UPI through the bob e Pay app . While traveling to India, they will be able to make merchant payments and peer-to-peer transfers by linking their NRE /NRO account to their domestic mobile number.

Transaction Limit

The daily and per transaction limit for all international UPI services is Rs 1 lakh, which is equal to the domestic UPI limit .

App availability​

bob e Pay app Bank of Baroda has more than 13 lakh registered users . It can be downloaded from Google Play Store and Apple App Store and international services can be activated by going to the settings.

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But, Bank of Baroda’s interest rates on FDs still remain attractive. In terms of market cap, the country’s second largest government bank is giving interest ranging from 3.50 percent to 7.20 percent on FDs to its customers. Here we will know about such an FD scheme of Bank of Baroda, in which fixed interest of Rs 15,114 can be obtained by depositing only Rs 1 lakh.

Bank of Baroda is offering up to 7.20% interest on FD

FDs can be made in Bank of Baroda from 7 days to 10 years. This government bank is offering interest ranging from 3.50 percent to 4.00 percent on FDs with a duration of 7 to 14 days. This bank is offering the highest interest of 6.60 percent to 7.20 percent on the special FD scheme of 444 days. Bank of Baroda is offering interest ranging from 6.50 percent to 7.00 percent on FDs with a duration of 1 year. Apart from this, general citizens are getting 6.50 percent interest, senior citizens are getting 7.00 percent and very senior citizens are getting 7.10 percent interest on FDs with a duration of 2 years.

On depositing ₹1,00,000, you will get fixed interest of ₹15,114

If you are a normal citizen and deposit Rs 1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of Rs 1,13,763, which includes Rs 13,763 as interest. If you are a senior citizen and deposit Rs 1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of Rs 1,14,888, which includes Rs 14,888 as interest. Similarly, if you are a very senior citizen (above 80 years of age) and deposit Rs 1 lakh in a 2-year FD in Bank of Baroda, then on maturity you will get a total of Rs 1,15,114, which includes Rs 15,114 as interest.

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Seven major banks of the country – SBI, Bank of Baroda, Canara Bank, Indian Bank, Central Bank of India, IDBI Bank and Federal Bank – have come up with a special scheme for their customers. All these banks are offering a special FD scheme of 444 days, in which the interest rate is ranging from 6.60% to 7.60%.

State Bank Of India

State Bank of India (SBI) runs a special FD scheme named “Amrit Vrishti” for its customers, which has a duration of 444 days. In this, people get interest at the rate of 6.85 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.

Bank Of Baroda

Bank of Baroda (BoB) runs a 444-day FD scheme called bob Square Drive Deposit Scheme for its customers, in which they get interest at the rate of 7 percent. Senior citizens and super senior citizens get the benefit of 0.50 percent and 0.60 percent additional interest.

Canara Bank

Canara Bank customers get 6.60 percent interest on FDs of 444 days. Senior citizen customers get 7.10 percent interest on this FD scheme.

Indian Bank

Indian Bank customers get 6.90 percent interest on 444 days FD scheme. Senior citizens also get reasonable profits.

Central Bank Of India

Central Bank of India customers get 7 percent interest on 444 days FD plan. Whereas, senior citizens get 7.60 percent interest.

IDBI Bank

IDBI customers get 7.1 percent interest on 444 days FD plan. Whereas, senior citizens get 7.50 percent interest.

Federal Bank

Federal Bank customers get 7 percent interest on FDs of 444 days. Senior citizen customers get 7.50 percent interest on this FD scheme.

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State Bank of India (SBI): The country’s largest bank is giving interest at the rate of 6.70% to common citizens for a period of 2 years to 3 years. At the same time, senior citizens are being provided interest at the rate of 7.20 percent for this period.

HDFC Bank: This largest private sector bank is still giving great interest for a period of 15 to 18 months. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, the interest rate for senior citizens is 7.35%.

ICICI Bank: This private sector bank is providing the highest interest for a period of 18 months to 2 years. The bank is providing interest at the rate of 6.85% to common citizens for this period. At the same time, senior citizens are being provided interest at the rate of 7.35% for this period.

Bank of Baroda: Government bank Bank of Baroda is providing better returns on 1 year FD. The bank is giving interest at the rate of 6.70% to common citizens on 1 year FD. At the same time, for this period, senior citizens and super senior citizens are being provided interest at the rate of 7.20% and 7.20% respectively.

PNB: Punjab National Bank is still giving great returns on 1 year FD. The bank is giving interest at the rate of 6.70% to common citizens on 1 year FD. At the same time, senior citizens and super senior citizens are being provided interest at the rate of 7.20% and 7.50% respectively.

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10th pass candidates can apply for the recruitment of Office Assistant in Bank of Baroda. Office Assistants will be recruited in many states including Uttar Pradesh, Uttarakhand, Bihar, Jharkhand, Delhi, Punjab, Rajasthan.

Eligibility for Bank of Baroda Recruitment

Educational Qualification – For Bank of Baroda Recruitment 2025, candidates must have passed 10th. Also, there should be proficiency in the local language.

Age Limit – Minimum age is 18 years and maximum age is 26 years. Age will be calculated on the basis of 1 May 2025.

How much salary will you get?

The pay scale of an office assistant i.e. peon in Bank of Baroda will be Rs 19500-37815 per month.

Selection process

Bank of Baroda Office Assistant recruitment process will include online test and document verification.

Application fee

The application fee for Office Assistant recruitment is Rs. 600. The application fee for SC/ST category, disabled and women is Rs. 100.

The post Bank Jobs: Bank of Baroda has announced a job for 10th pass candidates, last date to apply is tomorrow. first appeared on Rightsofemployees.com.

The bank was offering interest at the rate of 7.15 percent per annum on this, but now the bank has reduced the interest on this FD. This scheme is for a period of 444 days, which was similar to the Amrit Vrishti scheme of SBI Bank. SBI’s special scheme is for 444 days. These new rates have come into effect from May 5, 2025.

Interest Rate in BOB Square Drive Deposit Scheme

General citizens were being offered 7.15% annual interest, which has been reduced to 7.10%. Senior citizens were being offered 7.65% annual interest, which has been reduced to 7.60%. Apart from this, super senior citizens are being given 7.70% interest instead of 7.75% annual interest. The bank has reduced the interest on this FD by 0.05%.

Interest on BOB FD

• 7 days to 14 days – 4.00% for general public; 4.50% for senior citizens
• 15 days to 45 days – 4.00% for general public; 4.50% for senior citizens
• 46 days to 90 days – 5.50 per cent for general public; 6 per cent for senior citizens
• 91 days to 180 days – 5.60 per cent for general public; 6.10 per cent for senior citizens
• 181 days to 210 days – 5.75 per cent for general public; 6.25 per cent for senior citizens
• 211 days to 270 days – 6.25 per cent for general public; 6.75 per cent for senior citizens
• 271 days and above and less than 1 year – 6.50 per cent for general public; 7 per cent for senior citizens
• 1 year – 6.80 percent for general public; 7.30 percent for senior citizens
• More than 1 year and less than 400 days – 6.80 per cent for general public; 7.40 per cent for senior citizens
• Above 400 days and upto 2 years – 6.80 per cent for general public; 7.40 per cent for senior citizens
• Above 2 years and upto 3 years – 7.00% for general public; 7.50% for senior citizens
• Above 3 years and upto 5 years – 6.80% for general public; 7.30% for senior citizens
• Above 5 years to 10 years – 6.50% for general public; 7.50% for senior citizens
• Above 10 years (Court Order Scheme) – 6.25 per cent for general public; 6.75 per cent for senior citizens
• 444 days – (Square Drive Deposit Scheme) – 7.10 percent for general public; 7.60 percent for senior citizens

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This government bank is giving great interest to its customers on savings accounts. Today we are going to tell you about such a savings scheme of Bank of Baroda, in which you can get fixed interest of Rs 16,022 by depositing just Rs 1 lakh. Yes, we are talking about the 2-year FD scheme of Bank of Baroda.

BoB is offering 7.00 to 7.50 percent interest on 2-year FD

Public sector Bank of Baroda is giving its customers interest ranging from 4.25 percent to 7.65 percent on FD schemes of different tenures. This government bank is giving 7.15 percent interest to general citizens and 7.65 percent interest to senior citizens on the 444 days special FD scheme. Bank of Baroda is giving a bumper interest of 7.00 percent to general citizens and 7.50 percent to senior citizens on 2-year FD. Let us tell you that after the Reserve Bank of India reduced the repo rate, Bank of Baroda also reduced the interest rates of its savings schemes.

If you deposit Rs 1 lakh, you will get fixed interest of Rs 16,022

By depositing just Rs 1 lakh in a 2-year FD of Bank of Baroda, one can get a fixed interest of Rs 16,022. If a common citizen, whose age is less than 60 years, deposits Rs 1,00,000 in a 2-year FD in Bank of Baroda, then he will get a total of Rs 1,14,888 on maturity. In this, Rs 14,888 will be received as fixed interest. Similarly, if a senior citizen, whose age is 60 years or more, deposits Rs 1,00,000 in this, then he will get a total of Rs 1,16,022 on maturity, in which Rs 16,022 will be received as fixed interest.

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Here we are going to tell you about a scheme of Bank of Baroda, in which you can get a stable and guaranteed return of Rs 17,668 by investing Rs 2,00,000.

Up to 7.90 percent interest will be available on 400-day FD

Bank of Baroda’s 400-day special FD scheme BOB Utsav Deposit Scheme is getting the highest interest to customers. Customers are not getting this much interest on any other FD scheme of Bank of Baroda. Yes, this government bank is giving 7.30 percent interest to the common people on this 400-day special FD scheme. Not only this, BOB is giving 7.80 percent interest to senior citizens and 7.90 percent interest to super senior citizens on this scheme. Let us tell you that super senior citizens are those citizens who are 80 years of age or above.

Know how much interest you will get: If Rs 2 lakh is deposited in a 400-day FD of Bank of Baroda, then common citizens will get a total of Rs 2,16,268 on maturity, which includes a fixed interest of Rs 16,268. If you are a senior citizen, then you will get a total of Rs 2,17,668 on maturity, which includes a fixed interest of Rs 17,668. And if you are a super senior citizen, then you will get a total of Rs 2,17,902 on maturity, which includes a fixed interest of Rs 17,902. Let us tell you that on any FD account, you get a fixed and guaranteed interest over a certain period.

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BOB is the first public sector bank to come up with such an account for women account holders. The processing fee on loans in this account will also be less.

The Bank has revamped one of its key NRI offerings, BOB Premium NRE (Resident External Account) and NRO (Resident Ordinary Account) Savings Account by enhancing its features and benefits to provide a more rewarding banking experience to the customers.

Bina Waheed, Executive Director, Bank of Baroda, said, “The BOB Global Women NRE and NRO Savings Account recognises the changing dynamics of today’s global Indian women. It is designed to empower women by providing them with premium banking privileges and thoughtfully designed features.”

The revamped BOB Premium NRE and NRO Savings Account comes with a host of features, including a customised debit card with enhanced transaction limits, complimentary domestic and international lounge access, free safe deposit lockers, and free personal and air accident insurance coverage, the bank said.

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The bank on Friday announced the launch of ‘BoB Global Women NRE and NRO Savings Account’ equipped with ‘Auto Sweep’ facility. This will allow customers to get home loans and car loans at affordable rates along with getting high interest. BoB is the first public sector bank to bring such an account for women account holders. The processing fee on loans in this account will also be less.

What is the detail

The Bank has revamped one of its key NRI offerings, BOB Premium NRE (Resident External Account) and NRO (Resident Ordinary Account) Savings Account by enhancing its features and benefits to provide a more rewarding banking experience to the customers.

Bina Waheed, Executive Director, Bank of Baroda, said, “The BOB Global Women NRE and NRO Savings Account recognises the changing dynamics of today’s global Indian women. It is designed to empower women by providing them with premium banking privileges and thoughtfully designed features.”

The revamped BOB Premium NRE and NRO Savings Account comes with a host of features, including a customised debit card with enhanced transaction limits, complimentary domestic and international lounge access, free safe deposit lockers, and free personal and air accident insurance coverage, the bank said.

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Today RBI has cut the repo rate by 0.25 percent. After RBI reduced the interest, now banks have started revising the interest rate on FD. With the reduction in repo rate, it is certain that banks will reduce the interest on Fixed Deposit. Bank of Baroda (BOB) has revised the interest rates on bulk FDs ranging from Rs 3 crore to Rs 10 crore. These new interest rates have come into effect from 7 February 2025. The bank offers bulk FDs for periods ranging from 7 days to 10 years. Customers can check the new rates by visiting the bank’s website or branch.

Interest Rates on BOB FD

• 7 days to 14 days – For general public: 5 percent; For senior citizens: 5 percent
• 15 days to 45 days – For general public: 5 percent; For senior citizens: 5 percent
• 46 days to 90 days – For general public: 5.75 percent; For senior citizens: 5.75 percent
• 91 days to 180 days – For general public: 5.75 per cent; For senior citizens: 5.75 per cent
• 181 days to 210 days – For general public: 6.50 per cent; For senior citizens: 6.50 per cent
• 211 days to 270 days – For general public: 6.75 per cent; For senior citizens: 6.75 per cent
• 271 days and above and less than 1 year – For general public: 6.75 per cent; For senior citizens: 6.75 per cent
• 1 year – For general public: 7.45 percent; For senior citizens: 7.45 percent
• 1 year to 15 months – For general public: 6.85 per cent; For senior citizens: 6.85 per cent
• Above 2 years and upto 3 years – For general public: 6.50 per cent; For senior citizens: 6.50 per cent
• Above 3 years and upto 5 years – For general public: 6.00%; For senior citizens: 6.00%
• Above 5 years to 10 years – For general public: 5%; For senior citizens: Rs. 5.00 pe

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This means that you can withdraw money as per your need without breaking your FD. The name of this new FD scheme of Bank of Baroda is “BOB Liquid Fixed Deposit”.

BOB Liquid FD: FD returns with the convenience of a savings account

Bank of Baroda said that on BOB Liquid FD, customers get high returns of FD on their savings along with liquidity like a savings account. In this, you get the facility of partial withdrawal without closing your FD. With its help, you can withdraw some amount as per your need and get return on the remaining amount at FD interest rate as before.

For example, if a customer has a BOB Liquid FD of ₹5 lakh and withdraws ₹1 lakh, the remaining ₹4 lakh will continue to earn returns at the original interest rate.

BOB Liquid FD: Key highlights

• Minimum deposit amount: ₹5,000 (and in multiples of ₹1,000)
• Maximum deposit amount: No upper limit
• Minimum Tenure: 12 Months
• Maximum tenure: 60 months
• Interest Rate: On this scheme, customers will get interest as per the term deposit rates decided by the bank from time to time.
• Partial withdrawal facility: Partial withdrawal allowed in multiples of ₹1,000 during the tenure of the FD.

BOB FD Rates

The post Liquid FD Rates: Bank of Baroda, has launched a new fixed deposit scheme for its customers, Key Details Inside first appeared on Rightsofemployees.com.

BOB introduces Tiara Credit Card

To promote financial independence of women and improve their spending experience, Bank of Baroda (BOB) has launched ‘Tiara Credit Card’. This premium credit card brought by BOBCARD Limited is based on RuPay network. It has been designed keeping in mind the needs of modern women.

Attractive Offers on Tiara Credit Card

According to Bank of Baroda, this credit card gives users complimentary vouchers and memberships worth up to Rs 31,000. Apart from this, this card is offering unlimited domestic airport lounge access, low forex markup, UPI payment service and many other benefits.

Benefit of reward points

15 Reward Points on every Rs 100 spent on travel, dining and international purchases.

3 Reward Points per Rs 100 on other purchases.

Up to Rs 500 reward points per statement cycle on spends made via UPI.

1 Reward Point = Rs 0.25.

Joining and Annual Charges

Joining and annual fees: Rs 2,499 + GST.

Waiver on joining charges: On spending Rs 25,000 in the first 60 days.

Waiver on annual charges: Next year’s fee is waived if you spend Rs 2,50,000 in a year.

Special discounts and vouchers

Discounts on Beauty & Fashion:

Vouchers worth Rs 500 every quarter from Nykaa, Flipkart, Myntra.

Voucher worth Rs 1,500 every quarter at Lakme Salon.

Offers on OTT Platform:

Annual subscription of Amazon Prime or Disney Hotstar.

Gaana Plus annual subscription.

Every quarter, a discount of Rs 250 will be available on Book My Show.

Offers on Food & Grocery:

You will get three months of free annual Swiggy One membership.

Discount voucher of Rs 250 per quarter from Big Basket.

This credit card will not only help women meet their everyday needs. This card will give you financial freedom. Women customers can get it from the Bank of Baroda website or from the nearest branch in your area.

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FD provides liquidity because you can close it whenever you want and get the money in your bank account. Interest on FD is taxable. Currently, private and public sector banks are giving up to 7.75 percent interest to senior citizens on three-year FDs. Here we are telling about the interest being offered on three-year FDs of top 10 banks. Also, how much interest will be received on an investment of up to Rs 1,00,000.

Bank Of Baroda

Interest rate on three-year FD for senior citizens: 7.75%

Rs 1 lakh invested for three years will grow to Rs 1.26 lakh.

Axis Bank

Interest rate on three-year FD for senior citizens: 7.60%

Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.

HDFC Bank, ICICI Bank and Punjab National Bank

Interest rate on three-year FD for senior citizens: 7.50%

Rs 1 lakh invested for three years will grow to Rs 1.25 lakh.

Canara Bank

Interest rate on three-year FD for senior citizens: 7.30%

Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.

State Bank of India and Bank of India

Interest rate on three-year FD for senior citizens: 7.25%

Rs 1 lakh invested for three years will grow to Rs 1.24 lakh.

Union Bank Of India

Interest rate on three-year FD for senior citizens: 7%

Rs 1 lakh invested for three years will grow to Rs 1.23 lakh.

Indian Bank

Interest rate on three-year FD for senior citizens: 6.75%

Rs 1 lakh invested for three years will grow to Rs 1.22 lakh.

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During the festive season, Bank of Baroda has brought BOB FD Utsav for senior citizens and super senior citizens, in which senior citizens and super senior citizens are being given returns above super on fixed deposits (FD). The special thing is that this government bank is also giving the benefit of lock-in on monthly deposits for 3 to 5 years through SDP (Systematic Deposit Plan) to the customers under the BOB Deposit Scheme. Let us know how Bank of Baroda is giving benefits to senior citizens and super senior citizens.

Bank of Baroda launches BOB Utsav Deposit Scheme

Public sector bank Bank of Baroda has launched BOB Utsav Deposit Scheme for general customers along with senior citizens and super senior citizens. This scheme of the bank also includes a 400-day fixed deposit (FD) scheme. Under this, general customers are being given a return of 7.30% per annum on fixed deposits, 7.80% per annum to senior citizens, 7.90% per annum to super senior citizens of 80 years and above and up to 7.95% per annum on non-callable deposits. This scheme of Bank of Baroda has been launched on October 14, 2024 and is applicable on fixed deposits of less than Rs 3 crore.

Increase in returns on 3 to 5 year term deposits

Bank of Baroda has increased interest rates by 30 basis points (bps) for tenures of 3 years to 5 years during the festive season. After this move of the bank, customers will get an annual return of 6.50% to 6.80%. A statement issued by the bank said that after this increase in interest rates, BOB SDP (Systematic Deposit Plan) customers will also benefit, who can lock-in higher interest rates on each monthly contribution made for a period of 3 to 5 years.

Golden opportunity to get highest returns

Debdutta Chand, Managing Director and CEO, Bank of Baroda said that BOB Festive Deposit Scheme is a golden opportunity for customers to get the highest returns at this point in the interest rate cycle. Moreover, with the interest rate hike in the 3 to 5 year category, we are serving two different types of customers. First, those who are looking for competitive and assured returns in the medium term and second, those who want to grow their savings through regular contributions every month through BOB SDP.

Returns on BOB Fixed Deposit

• On deposits of 7 to 14 days, general customers get 4.25% return and senior citizens get 4.75% return
• 4.50% return to general customers and 5% return to senior citizens on deposits of 15 to 45 days
• On deposits of Rs 46 to 90, general customers will get 5.50% return and senior citizens will get 6% return
• On deposits of 91 to 180 days, general customer gets 5.60% return and senior citizen gets 6.10% return
• On deposits of 181 days to 210 days, general customer gets 5.75% return and senior citizen gets 6.25% return
• On deposits of 211 days to 270 days, general customer gets 6.25% return and senior citizen gets 6.75% return
• For deposits of 271 days and above or less than 1 year, general customers get 6.50% return and senior citizens get 7% return
• On 1 year deposit, general customer gets 6.85% return and senior citizen gets 7.35% return
• 7% return for general customer and 7.50% return for senior citizen on deposits of more than 1 year to 400 days
• For deposits of more than 400 days and 2 years, general customers will get 7% and senior citizens will get 7.50%
• For deposits of more than 2 and up to 3 years, general customers get 7.15% return and senior citizens get 7.65% return
• For deposits of more than 3 years and up to 5 years, the general customer gets 6.80% return and senior citizen gets 7.40% return
• For deposits of more than 5 years and up to 10 years, 6.50% return is given to the general customer and 7.50% return is given to the senior citizen
• For deposits of more than 10 years (Court Order Scheme), general customers will get 6.25% return and senior citizens will get 6.75% return

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Utsav FD scheme is a 400-day FD. Under this scheme, general citizens will get interest at the rate of 7.30%, senior citizens 7.80%, and super senior citizens 7.90%. That means common people can earn good returns in 400 days. Apart from this, the bank has revised the interest rates on its general FD.

Interest on BOB FD

7 days to 14 days – For general public: 4.25 percent; For senior citizens: 4.75 percent

15 days to 45 days – For general public: 4.50 percent; For senior citizens: 5 percent

46 days to 90 days – For general public: 5.50 percent; For senior citizens: 6 percent

91 days to 180 days – For general public: 5.60 percent; For senior citizens: 6.10 percent

181 days to 210 days – For general public: 5.75 per cent; For senior citizens: 6.25 per cent

211 days to 270 days – For general public: 6.25 per cent; For senior citizens: 6.75 per cent

271 days and above and less than 1 year – For general public: 6.50 per cent; For senior citizens: 7 per cent

1 year – For general public: 6.85 percent; For senior citizens: 7.35 percent

More than 1 year to 400 days – For general public: 7 per cent; For senior citizens: 7.50 per cent

Above 400 days and upto 2 years – For general public: 7 per cent; For senior citizens: 7.50 per cent

Above 2 years and upto 3 years – For general public: 7.15 per cent; For senior citizens: 7.65 per cent

Above 3 years and upto 5 years – For general public: 6.80 per cent; For senior citizens: 7.40 per cent

Above 5 years to 10 years – For general public: 6.50 per cent; For senior citizens: 7.50 per cent

Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 per cent

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The bank is offering a maximum interest of 7.50 percent to senior citizens. These new rates are applicable from today, 3 October 2024. Check the new FD rates.

Interest on BOB FD

• 7 days to 14 days – For general public: 4.25 percent; For senior citizens: 4.75 percent
• 15 days to 45 days – For general public: 4.50 percent; For senior citizens: 5 percent
• 46 days to 90 days – For general public: 5.50 percent; For senior citizens: 6 percent
• 91 days to 180 days – For general public: 5.60 percent; For senior citizens: 6.10 percent
• 181 days to 210 days – For general public: 5.75 per cent; For senior citizens: 6.25 per cent
• 211 days to 270 days – For general public: 6.25 per cent; For senior citizens: 6.75 per cent
• 271 days and above and less than 1 year – For general public: 6.50 per cent; For senior citizens: 7 per cent
• 333 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.15 per cent; For senior citizens: 7.65 per cent
• 360 days (BOB 360) – For general public: 7.10 percent; For senior citizens: 7.60 percent
• 1 year – For general public: 6.85 percent; For senior citizens: 7.35 percent
• More than 1 year to 400 days – For general public: 7 per cent; For senior citizens: 7.50 per cent
• Above 400 days and upto 2 years – For general public: 7 per cent; For senior citizens: 7.50 per cent
• Above 2 years and upto 3 years – For general public: 7.15 per cent; For senior citizens: 7.65 per cent
• Above 3 years and upto 5 years – For general public: 6.50%; For senior citizens: 7.00%
• Above 5 years to 10 years – For general public: 6.50 per cent; For senior citizens: 7.50 per cent
• Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 per cent

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According to the SBI website, ‘A cash deposit machine, also known as Automated Deposit cum Withdrawal Machine (ADWM), is an ATM-like machine that allows you to deposit cash directly into your account using an ATM cum Debit Card. You can use this machine to deposit money instantly into your account without visiting the branch. The transaction receipt also tells you the updated balance of your account.’

Cash deposit limits vary depending on the bank and whether the Permanent Account Number (PAN) is registered or not. Here is a look at the cash deposit limits of major banks. So let’s know.

Cash deposit limit at SBI ATM The per transaction limit is Rs 49,900/- for cardless deposit and Rs 2.00 lakh through debit card (subject to PAN number being credited in the account). You can also deposit cash in your PPF, RD and loan accounts. Up to 200 currency notes can be deposited in a single transaction. ADWM accepts only denominations of Rs 100, Rs 200, Rs 500 and Rs 2000.

Bank of Baroda cash deposit limit in ATM

Cash deposit with debit card up to Rs.2,00,000/- (2 Lacs) per day where PAN is registered and Rs.49,999/- where PAN is not registered in account. Card less transaction (by feeding account number) up to Rs. 20,000/- per day.

Cash Deposit Limit in Union Bank of India ATMs

According to Union Bank website, ‘The cash recycler machine is capable of accepting and dispensing multiple notes simultaneously. CRMs accept a maximum of 200 currency notes of Rs 50, 100, 500 and 2000 per transaction and the maximum value is Rs 49999. Additional amount up to Rs 100000/- per transaction can be deposited on PAN card verification. CRMs confiscate any counterfeit currency and such notes are not returned to the depositor. Cash deposit and withdrawal is permitted by CRMs to NFS member bank cardholders. Cash withdrawal facility in CRMs is similar to ATMs.

Cash Deposit Limit in PNB ATM

PNB Cash Acceptor cum ATM or Bulk Note Acceptor is a highly efficient multi-function kiosk, the purpose of which is to accept cash for deposit in the account (for PNB only) as well as dispensing cash and performing all other ATM functions. Denominations of ₹ 500, ₹ 200 and ₹ 100 are accepted. The maximum amount per transaction that can be deposited by a customer through this CAA/BNA is Rs 1,00,000/- or a total of 200 notes. The deposit can be Rs 1,00,000/- if the customer has a PAN number registered in the account or Rs 49,900/- if the account does not have a PAN number registered in the account.

HDFC Bank cash deposit limit in ATM

The per transaction limit is Rs. 25,000 for savings account and for Card Based Deposit is Rs. 1 lakh. The per day limit is Rs 2 lakh. Cash deposit machines are configured to accept Rs. 100 (new & old), Rs. 200, Rs. 500 and Rs. 2000. Maximum counts of notes which can be deposited into the CDM per transaction are 200. HDFC Bank cash deposit machines are available only for deposit into HDFC Bank Accounts.

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BOB Bank has increased the interest rate on FDs of some periods by 0.10 to 0.25 percent. The bank has increased the interest rate on FDs of 211 days to 270 days. The bank is offering a maximum interest rate of 7.80 percent. Check the new FD rates.

Interest on BOB FD

7 days to 14 days – For general public: 4.25 percent; For senior citizens: 4.75 percent

15 days to 45 days – For general public: 4.50 percent; For senior citizens: 5 percent

46 days to 90 days – For general public: 5.50 percent; For senior citizens: 6 percent

91 days to 180 days – For general public: 5.60 percent; For senior citizens: 6.10 percent

181 days to 210 days – For general public: 5.75 per cent; For senior citizens: 6.25 per cent

211 days to 270 days – For general public: 6.25 per cent; For senior citizens: 6.75 per cent

271 days and above and less than 1 year – For general public: 6.50 per cent; For senior citizens: 7 per cent

333 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.15 per cent; For senior citizens: 7.65 per cent

360 days (BOB 360) – For general public: 7.10 percent; For senior citizens: 7.60 percent

1 year – For general public: 6.85 percent; For senior citizens: 7.35 percent

399 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.30 percent; For senior citizens: 7.80 percent

More than 1 year to 400 days – For general public: 7 per cent; For senior citizens: 7.50 per cent

Above 400 days and upto 2 years – For general public: 7 per cent; For senior citizens: 7.50 per cent

Above 2 years and upto 3 years – For general public: 7.15 per cent; For senior citizens: 7.65 per cent

Above 3 years and upto 5 years – For general public: 6.50%; For senior citizens: 7.00%

Above 5 years to 10 years – For general public: 6.50 per cent; For senior citizens: 7.50 per cent

Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 per cent

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In the second deposit scheme, 7.25% annual interest will be given on FD for 399 days. Senior citizens will be given interest at the rate of 7.75% per annum.

Bank of Maharashtra is also offering four special schemes

Bank of Maharashtra has launched four special deposit schemes for different periods. In this, one has to invest in FDs of 200 days, 400 days, 666 days and 777 days. The interest rate for 200-day deposit is 6.9%, for 400-day deposit the interest rate is 7.10%, for 666-day deposit the interest rate is 7.15% and for 777-day deposit the interest rate is 7.25%.

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BOB New FD Rates

• 7 days to 14 days – For general public: 4.25%; For senior citizens: 4.75%
• 15 days to 45 days – For general public: 6 per cent; For senior citizens: 6.50 per cent
• 46 days to 90 days – For general public: 5.50 percent; For senior citizens: 6 percent
• 91 days to 180 days – For general public: 5.60 percent; For senior citizens: 6.10 percent
• 181 days to 210 days – For general public: 5.75 per cent; For senior citizens: 6.25 per cent
• 211 days to 270 days – For general public: 6.15 percent; For senior citizens: 6.65 percent
• 271 days and above and less than 1 year – For general public: 6.25 per cent; For senior citizens: 6.75 per cent
• 333 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.15 percent; For senior citizens: 7.65 percent
• 360 days (BOB 360) – For general public: 7.10 percent; For senior citizens: 7.60 percent
• 1 year – For general public: 6.85 percent; For senior citizens: 7.35 percent
• 399 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.25 percent; For senior citizens: 7.75 percent
• More than 1 year to 400 days – For general public: 6.85 per cent; For senior citizens: 7.35 per cent
• Above 400 days and upto 2 years – For general public: 6.85 per cent; For senior citizens: 7.35 per cent
• Above 2 years and upto 3 years – For general public: 7.15 per cent; For senior citizens: 7.65 per cent
• Above 3 years and upto 5 years – For general public: 6.50%; For senior citizens: 7.00%
• Above 5 years to 10 years – For general public: 6.50 per cent; For senior citizens: 7.50 per cent
• Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 per cent.

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According to the website of Bank of Baroda, the new FD rates have come into effect from August 13, 2024.

The bank has offered interest rates ranging from 4.25% to 7.25% on FDs for the general public. This interest rate is applicable on callable deposits of less than Rs 3 crore for a period of 7 days to 10 years. For senior citizens, the bank is offering interest rates ranging from 4.75% to 7.75%.

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Bank is offering the highest FD interest rate of 7.40 per cent for general citizens and 7.90 per cent for senior citizens for amounts less than Rs 1 crore to Rs 3 crore on non-callable deposits.

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Interest rates on BOB FD

• 7 days to 14 days – For general public: 4.25%; For senior citizens: 4.75%
• 15 days to 45 days – For general public: 4.50%; For senior citizens: 5%
• 46 days to 90 days – For general public: 5.50%; For senior citizens: 6%
• 91 days to 180 days – For general public: 5.60%; For senior citizens: 6.10%
• 181 days to 210 days – For general public: 5.75%; For senior citizens: 6.25%
• 211 days to 270 days – For general public: 6.15%; For senior citizens: 6.65%
• 271 days and above and less than 1 year – For general public: 6.25%; For senior citizens: 6.75%
• 333 days Monsoon Dhamaka – For general public: 7.15%; For senior citizens: 7.65 %
• 360 days – For general public: 7.10%; For senior citizens: 7.60%
• 1 year – For general public: 6.85%; For senior citizens: 7.35%
• 399 days Monsoon Dhamaka – For general public: 7.25%; For senior citizens: 7.75%
• 1 year to 400 days – For general public: 6.85%; For senior citizens: 7.35%
• 400 days to 2 years – For general public: 6.85%; For senior citizens: 7.35%
• More than 2 years and up to 3 years – For general public: 7.15%; For senior citizens: 7.65%
• more than 3 years and upto 5 years – For general public: 6.50%; For senior citizens: 7.15% For
• more than 5 years and upto 10 years – For general public: 6.50%; For senior citizens: 7.50%

The post FD rate Revised: Bank of Baroda’s new FD rates became effective from August 13, 2024 first appeared on Rightsofemployees.com.

BOB’s Monsoon Dhamaka Deposit Scheme

BOB Monsoon Dhamaka Deposit Scheme is available for two periods. Bank of Baroda is offering 7.25% annual interest for 399 days. At the same time, it is offering 7.15% interest on FD of 333 days. This scheme has started from 15 July 2024. These interest rates are applicable on retail deposits of less than Rs 3 crore.

According to the information released by Bank of Baroda on 15 July 2024, senior citizens will get 0.50% annual interest rate. Senior citizens will get 7.75% per annum interest for 399 days and 7.65% annually. BOB Monsoon Dhamaka FD is offering a maximum annual interest of 7.90% for 399 days.

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BOB’s new FD rates

• 7 days to 14 days – For general public: 4.25 percent; For senior citizens: 4.75 percent
• 15 days to 45 days – For general public: 6 per cent; For senior citizens: 6.50 per cent
• 46 days to 90 days – For general public: 5.50 percent; For senior citizens: 6 percent
• 91 days to 180 days – For general public: 5.60 percent; For senior citizens: 6.10 percent
• 181 days to 210 days – For general public: 5.75 per cent; For senior citizens: 6.25 per cent
• 211 days to 270 days – For general public: 6.15 per cent; For senior citizens: 6.65 per cent
• 271 days and above and less than 1 year – For general public: 6.25 per cent; For senior citizens: 6.75 per cent
• 333 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.15 per cent; For senior citizens: 7.65 per cent
• 360 days (BOB 360) – For general public: 7.10 percent; For senior citizens: 7.60 percent
• 1 year – For general public: 6.85 percent; For senior citizens: 7.35 percent
• 399 days – (Monsoon Dhamaka Deposit Scheme) – For general public: 7.25 per cent; For senior citizens: 7.75 per cent
• More than 1 year to 400 days – For general public: 6.85 per cent; For senior citizens: 7.35 per cent
• Above 400 days and upto 2 years – For general public: 6.85 per cent; For senior citizens: 7.35 per cent
• Above 2 years and upto 3 years – For general public: 7.15 per cent; For senior citizens: 7.65 per cent
• Above 3 years and upto 5 years – For general public: 6.50%; For senior citizens: 7.00%
• Above 5 years to 10 years – For general public: 6.50 per cent; For senior citizens: 7.50 per cent
• Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 per cent.

The post BOB FD Rates: Bank of Baroda has launched a new special FD scheme with higher interest rates. first appeared on Rightsofemployees.com.

Some banks and card issuers have changed their credit card related fees, charges and rules in May 2024. Credit card customers should be aware of the changes and ensure to follow the latest fees and guidelines prescribed by the bank or credit card company. The banks that have changed their credit card rules this month are Bank of Baroda, Yes Bank, IDBI Bank and HDFC Bank.

Swiggy HDFC Bank Credit Card

If you are a user of Swiggy HDFC Bank Credit Card, then there is good news for you. Now the cashback structure of this credit card has been revised. These changes will be effective from June 21, 2024. Any cashback earned from June 21 will be visible in the credit card statement instead of Swiggy Money. This means that the cashback will reduce the statement balance of the next month. In this way your bill will be reduced.

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IDFC First Bank

IDFC First Bank has said that it will charge 1% plus GST extra if the total amount of payment made through credit card for utility bills exceeds Rs 20,000. If your utility bill transactions (gas, electricity and internet) within a statement cycle are Rs 20,000 or less, then there will be no surcharge. However, there will be no utility surcharge on First Private Credit Card, LIC Classic Credit Card and LIC Select Credit Card.

BOBCARD One

Bank of Baroda has increased the interest rate and late payment fee on its BOBCARD One co-branded credit card. The increased rates will be effective from June 26, 2024.

Yes Bank

Yes Bank has revised various aspects of all its credit cards, except the ‘Private’ credit card type. These changes only affect the fuel fee category on some of the bank’s credit card types. These changes are related to the calculation of expenditure level for waiver of annual and joining fees, with the exception of ‘Private’. The terms of extra fee for utility transactions have also changed.

The post New Credit Card Rules: Do you also use credit card? These 4 banks changed the rules in May first appeared on Rightsofemployees.com.

Bank of Baroda, one of the country’s largest public sector banks, is offering the best returns on FDs to its customers. Bank of Baroda (BOB) has increased the interest rates on bulk FDs. The bank’s interest rates on bulk FDs of Rs 2 crore to Rs 5 crore have come into effect from May 18, 2024. The bank is offering bulk FDs from 7 days to 10 years. Check the latest interest rates here.

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Interest Rates on BOB FD

• 7 days to 14 days – For general public: 5 percent; For senior citizens: 5 percent
• 15 days to 45 days – For general public: 5 percent; For senior citizens: 5 percent
• 46 days to 90 days – For general public: 5.75 percent; For senior citizens: 5.75 percent
• 91 days to 180 days – For general public: 5.75 percent; For senior citizens: 5.75 percent
• 181 days to 210 days – For general public: 6.50 per cent; For senior citizens: 6.50 per cent
• 211 days to 270 days – For general public: 6.75 per cent; For senior citizens: 6.75 per cent
• 271 days and above and less than 1 year – For general public: 6.75 per cent; For senior citizens: 6.75 per cent
• 1 year – For general public: 7.60 percent; For senior citizens: 7.60 percent
• More than 1 year to 400 days – For general public: 6.85 per cent; For senior citizens: 6.85 per cent
• Above 2 years and upto 3 years – For general public: 6.50 per cent; For senior citizens: 6.50 per cent
• Above 3 years and upto 5 years – For general public: 6.00%; For senior citizens: 6.00%
• Above 5 years to 10 years – For general public: 5%; For senior citizens: 5.00%

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‘Bob World’ Mobile Application: The Reserve Bank of India (RBI) on Wednesday allowed Bank of Baroda to add new customers through the ‘Bob World’ application after about seven months. RBI had stopped the public sector bank from adding new customers through its mobile app ‘Bob World’ on October 10, 2023. The move was taken following oversight concerns.

Bank of Baroda said in a communication sent to the stock exchange, ‘We wish to inform that the RBI vide its letter dated May 8, 2024 has informed the Bank of its decision to remove the above mentioned restrictions on Bob World with immediate effect. Is. The Bank is now free to engage customers through this app in accordance with the applicable guidelines and existing laws or regulations.

The bank said that now it will start adding new customers on the Bob World app again. Along with this, it said that it is committed to ensuring compliance and adherence to regulatory guidelines.

Last week, RBI had also removed the ban on Bajaj Finance from giving loans through Ecom and Insta EMI cards. Earlier, the Reserve Bank had banned private sector Kotak Mahindra Bank from adding new customers through online and mobile banking and issuing new credit cards.

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The post RBI gave big relief to Bank of Baroda, customers will get this benefit first appeared on Rightsofemployees.com.

Home loan is a long term loan. Home loans usually last for 15 to 20 years. Due to this, people have to pay huge amount as interest. If the interest rate is low, there is huge savings on home loan in the long run. We are telling you about those 5 banks which are giving home loan at the lowest interest.

If you look at the current home loan interest rates offered by the top 5 banks – Bank of Baroda, Punjab National Bank, SBI, HDFC Bank and ICICI Bank, you will find that their rates range from 8.4% to 10.90%. You can save big by taking home loan from these banks.

Bank of Baroda

Bank of Baroda (BoB) home loan interest rates start from 8.4% per annum to 10.90% for tenures up to 30 years.

Punjab National Bank

Punjab National Bank home loan interest rates start from 8.4% per annum and go up to 10.25% per annum (on floating basis) for tenures up to 30 years.

SBI Home Loan

State Bank of India (SBI) is currently offering home loan interest rates starting from 8.50% per annum to 9.85% for tenures up to 30 years.

HDFC bank

HDFC Bank home loans start at 8.7% per annum for tenures up to 30 years and loan amounts up to Rs 10 crore. One can avail a loan up to 90% of the property price.

ICICI Bank

ICICI Bank currently offers home loan interest rates starting at 8.75% per annum for tenures up to 30 years. The bank charges a processing fee of 0.5%.

Canara Bank and Central Bank

Canara Bank and Central Bank of India are charging interest at the rate of 8.5 percent on home loans. The EMI on a home loan of Rs 75 lakh for a tenure of 20 years will be Rs 64,650. The interest rate on home loan in Kotak Mahindra Bank starts from 8.7 percent. The EMI on a home loan of Rs 75 lakh for a tenure of 20 years will be Rs 65,550.

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Bank of Baroda has recently released these vacancies and the application link for these has opened from 17th February. The last date to apply is 8 March 2024.

Through this recruitment drive, candidates will be recruited for a total of 22 posts. These posts are for Fire/Security Department and Risk Management Department.

Application will be online only. For this you will have to go to the official website of Bank of Baroda, whose address is – bankofbaroda.in. From here you can also know the details of these recruitments.

Selection will be done after several stages of examination. This includes online test, psychometric test, group discussion and interview.

To apply, General, EWS and OBC category candidates will have to pay a fee of Rs 708. Whereas SC, ST, PWBD and women candidates will have to pay a fee of Rs 118.

The eligibility criteria to apply varies according to the post. Broadly speaking, candidates who have completed Bachelor’s degree in the relevant field and have some experience can apply. Age limit is also different.

The salary for the post of Fire Officer is up to Rs 1.47 lakh per month. The salary for the post of manager is Rs 1.60 lakh per month. The salary for the post of Senior Manager is up to Rs 1.98 lakh per month and the salary for the post of Chief Manager is up to Rs 2.30 lakh per month.

The post Bank Recruitment 2024 : Jobs in Bank of Baroda, if selected, monthly salary is up to Rs 2 lakh, know complete details first appeared on Rightsofemployees.com.

So this news is for you because here is the complete list in which complete information is written about the interest rates that private and public sector banks are giving you on fixed deposits based on time.

Fixed Deposit Interest Rates: The common man is very troubled due to inflation. In today’s time, every person tries his best to save for his bad times and family but remains worried as to where to invest his savings so that he can get good interest also. In such a situation, let us tell you about those private and public sector banks which are offering good interest rates.

ICICI Bank

This bank gives interest between 3 to 7.2 percent depending on the number of years of FD. If the tenure of your FD is 15 months to 2 years, this bank will give you maximum interest of Rs 7.20 only. When the tenure of FD is between 2 years to 5 years, the interest rate will be 7 percent and when the tenure of FD is between 1 year to 15 months, the interest rate will be up to 6.7 percent.

SBI

Depending on the tenure of FD, this bank gives you interest rate of 3.5 to 7 percent. If the FD is for 2 to 3 years then the maximum interest rate available is 7 percent. On the other hand, if you make an FD between 3 to 5 years, the interest rate will be 6.75 percent, for 5 to 10 years, the interest rate will be 6.5 percent and finally, if you make an FD within 1 to 2 years, you will get an interest rate of 6.8 percent every year. Is.

HDFC bank

This bank offers interest ranging from 3 to 7.25 percent every year. While the lowest interest rate is 3-4.25 percent, the highest interest rate is 7-7.25 percent. When the time for depositing money in FD is 2 years 11 months to 35 months, then the bank will give interest at 7.25 percent. When this time is 4 years 7 months to 55 months, then the interest rate on FD deposits will be 7.20 percent and when this time is 1 year to 15 months, then the interest rate on FD deposits will be 6.6 percent.

Kotak Mahindra Bank

By making FD from this bank, you get interest rates ranging from 4 to 7.25 percent depending on the time. In FDs with tenure between 365 days to 2 years, you get a maximum interest rate of 7.25 percent. You get interest rates up to 7% on FDs of 180 days, 7% on FDs of 2-3 years, 6.5% on FDs of 3 to 4 years and up to 6.25% on FDs of 4 to 7 years.

Bank of Baroda

Depending on how old the FD is, this bank gives interest rates between 4.25 percent to 7.25 percent. While on FD of 2 to 3 years, the interest rate will be up to 7.25 percent, on FD of 399 days, the annual interest will be up to 7.15 percent. The bank will give you an interest rate of 7.10 percent for 360 days and 6.85 percent interest rate for 1 to 2 years.

The post Fixed Deposit Interest Rates : Which bank is beneficial in opening FD? See the list here first appeared on Rightsofemployees.com.

The financial year 2023-24 is in its final stages. Only a few days are left for this financial year to end. As time is passing, there is a race to save tax at the last moment. Some are investing in insurance and some are investing in government schemes. While very few people know that Equity Linked Savings Scheme

– ELSS (Equity Linked Savings Scheme) is one of the best tax saving investment options to save tax, but it also has risks. Most of the people who invest or save tax do not want to take risk on their investments. They want their money to be safe, even if the returns are low. For them, security of their earnings comes first. In such a situation, if you want to invest money safely to save tax, then Tax Saver Bank FD can be a good option.

What is Tax Saving Bank FD and in which banks this facility is being provided. What interest are banks offering on tax saving FD? Here we are discussing it in detail.

What is tax saving bank FD

Tax Saver Bank Fixed Deposit-FD provides the benefit of tax exemption under Section 80-C of the Income Tax Act. Tax Saver Bank FD is for 5 years. Money cannot be withdrawn from bank FD during the lock-in period of five years. In this, returns are guaranteed along with security of money.

Tax saving FDs from banks are operated under the Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India- RBI. In this, the amount of Rs 5 lakh of the bank and the investor is covered.

However, the biggest disadvantage of tax saving bank FD is that the interest earned on it is tax deductible. For bank FD investors, including those with five-year tax savings, the tax liability does not end with the TDS deduction.

The interest received from FD is included in the annual income of the investor and then tax is imposed as per the income tax slab. Also, unlike regular FDs, most banks generally do not allow you to take a loan against a tax saver FD, while you can also take a loan against a regular FD.

How much tax can be saved in tax saving bank FD?

In Tax Saving Bank FD, the investor gets tax exemption on other savings schemes like PPF, repayment of home loan principal, life insurance premium etc. Tax exemption of up to Rs 1.5 lakh can be claimed on a five-year tax saving FD.

FD schemes and interest rates in 10 big banks

Here we are discussing in detail about the FD schemes of the top 10 banks of the country and the interest being given on FD-

HDFC Bank

EdgeFC Bank is offering 7 percent annual interest on normal FD. Here, senior citizens are being given half a percent more interest on FD at the rate of 7.5 percent.

ICICI Bank

ICICI Bank is giving interest on FD at the rate of seven and a half percent like HDFC Bank.

State Bank Of India

SBI, the country’s largest government bank, is offering 6.5 percent interest on general FD and 7.5 percent interest on FD for senior citizens.

Kotak Mahindra Bank

Kotak Mahindra Bank offers fixed deposit schemes to ordinary individuals for tenures ranging from 7 days to 10 years. This bank is giving interest rates ranging from 6.2 to 6.7 percent.

Axis Bank

Axis Bank is giving the highest interest rate of 7 percent on general FD and 7.75 percent interest on Senator Citizen. Here FD can be made for 5 to 10 years.

IndusInd Bank

IndusInd Bank is also giving interest at the rate of 7.25 percent on regular i.e. normal FD. For senior citizens, interest is being given at the rate of 7.75 percent per annum.

Bank of Baroda

Bank of Baroda is running such a scheme. Bank of Baroda is giving interest at the rate of 6.5 and 7.15 percent per annum on FD.

Punjab National Bank

FD rates in Punjab National Bank are also lower than private banks. Here, 6.5 percent interest is being given on general FD, whereas 7 percent interest is being given on FD for senior citizens.

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Bank of Baroda

Bank of Baroda is offering interest at the rate of 7.75 percent on three-year FD. Among public sector banks, Bank of Baroda is giving the highest interest to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.26 lakh in three years.

Axis Bank

Axis Bank is offering interest at the rate of 7.60 percent on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.25 lakh in three years.

HDFC Bank

HDFC Bank, ICICI Bank and Punjab National Bank offer interest rates of 7.50 percent on three-year FDs. The amount of Rs 1 lakh invested now will grow to Rs 1.25 lakh in three years.

Canara Bank

Canara Bank gives 7.30 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.24 lakh in three years.

State Bank of India (SBI)

State Bank of India (SBI) is giving 7.25 percent interest on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.24 lakh in three years.

Bank of India

Bank of India and Union Bank of India offer interest at the rate of 7 percent on three-year FD. The amount of Rs 1 lakh invested now will grow to Rs 1.23 lakh in three years.

Indian Bank

Indian Bank is giving interest at the rate of 6.75 percent on three-year FD to senior citizens. The amount of Rs 1 lakh invested now will grow to Rs 1.22 lakh in three years.

Reserve Bank of India

Deposit Insurance and Credit Guarantee Corporation (DICGC), a subsidiary of the Reserve Bank of India (RBI), provides investment guarantee on FDs up to Rs 5 lakh. In simple words, it means that your investment up to Rs 5 lakh in fixed deposit is completely safe.

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there are many banks which offer interest up to 7.75% for three years FD to senior citizens. Banks like BOB Axis are included in the list of these banks. Let us know about them.

If you are a senior citizen then you should think about investing in FD, because in this you get fixed and regular interest. There are many banks which provide interest up to 7.75% to senior citizens by giving them better savings option.

In these bank lists, public and private banks like Bank of Baroda, Axis Bank, HDFC Bank, SBI, Union Bank of India offer the highest interest rates on three-year FDs for senior citizens. Let us know about it in detail.

These are the interest rates

All these banks offer the highest interest rates to resident Indians above 60 years of age. This includes retail and 3-year FDs of less than Rs 1 crore.
This value is calculated on the basis of quarterly compounding of interest. Some government banks offer interest rates to super senior citizens (80 years and above). Here we are telling about those banks which give better interest rates.

axis Bank

Axis Bank offers 7.60 percent interest rate on three-year FD to senior citizens. That means the amount of Rs 1 lakh invested now will increase to Rs 1.25 lakh in three years.

Bank of Baroda

Talking about Bank of Baroda, it gives interest rate of 7.75 percent on three year FD.
It gives the highest interest rates to senior citizens. That means the amount of Rs 1 lakh invested now will increase to Rs 1.26 lakh in three years.

HDFC Bank

HDFC Bank, ICICI Bank and Punjab National Bank offer interest rates of 7.50 percent on three-year FDs.

With this, the amount of Rs 1 lakh invested now will increase to Rs 1.25 lakh in three years.

State Bank of India

State Bank of India (SBI) offers 7.25 percent interest rate on three-year FD to senior citizens.

That means the amount of Rs 1 lakh invested now will increase to Rs 1.24 lakh in three years.

Bank of India

Bank of India and Union Bank of India offer an interest rate of 7 percent on three-year FDs.
The amount of Rs 1 lakh invested now will grow to Rs 1.23 lakh in three years.

Canara Bank

Canara Bank gives 7.30 percent interest on three-year FD to senior citizens.
The amount of Rs 1 lakh invested now with this bank will grow to Rs 1.24 lakh in three years.

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Special FD Scheme of Bank of Baroda

In the special FD scheme of Bank of Baroda, special FD has been offered to general citizens and senior citizens at interest rates of 7.10% and 7.60% respectively. This FD is for 360 days. You can invest a minimum of Rs 1,000 in this FD. A maximum of Rs 2 crore can be invested in this scheme. This FD is only for 360 days.

Interest on BOB’s FD

7 days to 14 days – For general public: 4.25 percent; For senior citizens: 4.75 percent

15 days to 45 days – For general public: 4.50 percent; For senior citizens: 5 percent

46 days to 90 days – For general public: 5.50 percent; For senior citizens: 6 percent

91 days to 180 days – For general public: 5.60 percent; For senior citizens: 6.10 percent

181 days to 210 days – For general public: 5.75 percent; For senior citizens: 6.25 percent

211 days to 270 days – For general public: 6.15 percent; For senior citizens: 6.65 percent

271 days and above and less than 1 year – For general public: 6.25 percent; For senior citizens: 6.75 percent

1 year – For general public: 6.85 percent; For senior citizens: 7.35 percent

1 year to more than 400 days – For general public: 6.75 percent; For senior citizens: 7.25 percent

More than 400 days and up to 2 years – For general public: 6.75 percent; For senior citizens: 7.25 percent

Above 2 years and up to 3 years – For general public: 7.25 percent; For senior citizens: 7.75 percent

Above 3 years and up to 5 years – For general public: 6.50 percent; For Senior Citizen: 7.00 percent

More than 5 years to 10 years – For general public: 6.50 percent; For Senior Citizen: 7.00 percent

Above 10 years (Court Order Scheme) – For general public: 6.25 per cent; For senior citizens: 6.75 percent

399 days (Baroda Tricolor Plus Deposit Scheme) – For general public: 7.16 percent; For senior citizens: 7.65 percent

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According to the statement, the maximum increase of 1.25 percent has been made in the period of 7-14 days. The interest rate for these deposits has been increased from three percent to 4.25 percent. After this, the interest rate has been increased by one percent to 4.50 percent for the full period of 15-45 days.

Bank of Baroda released new fixed deposit interest rate

Source: BOB

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Days after the country’s largest bank SBI increased the interest rates on some fixed deposits, state-owned Bank of Baroda (BoB) has increased the interest rates on fixed deposits (FDs) for different maturity periods by up to 1.25 per cent. Has given. According to Bhasha news, BOB said in a statement that from December 29, 2023, the interest rate on fixed deposits up to Rs 2 crore on various maturity periods was increased from 0.10 percent to 125 basis points.

The increased interest rates are applicable on deposits of less than Rs 2 crore. According to the stock exchange filing, the increase in interest rates will mainly apply to FDs with short time maturity. FD rates are especially applicable for maturities with tenure of less than one year. Bank of Baroda has increased the interest rates on FDs with maturity between seven days to 14 days from 3% to 4.25%. The bank is giving 4.75% interest to senior citizens on the same period. Earlier this interest rate was 3.50 percent.

There will be benefit on short maturity

Similarly, the interest rate on FDs with maturity between 15 days to 45 days has been increased from 3.50% to 4.50%. Senior citizens are being offered an interest rate of 5% for this tenure, earlier it was 4%. The increase in interest rates on short maturity FDs will benefit investors who deposit money in short maturity FDs. Both existing and new customers can take advantage of the new rate offered by the bank.

New interest rates of Bank of Baroda

Before this, interest rates have been increased by SBI and Axis Bank. SBI has increased the interest rate for FDs maturing in 45 days by 50 basis points. Before this, Bank of India, DCB Bank and Federal Bank have also increased the interest rates.

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All banks have been asked by the Reserve Bank of India (RBI) to get their customers to sign the new agreement for bank lockers. If you too have not done this work, then complete it as soon as possible.

31 December Deadline

If you do not do this, there may be problems in the future. Most banks have prepared a revised bank locker agreement covering customer rights, which all customers are required to sign. Banks are informing customers through bank calls, SMS and e-mails that they should come to the bank branch and sign the agreement. Stamp papers have also been kept by the banks for the customers, so that the customers do not have to go anywhere else.

Customers will just have to come to the bank branch. Customers having a locker have to visit the bank branch and provide their Aadhaar, PAN and photograph. After this the stamp paper and bank locker agreement have to be signed.

Deadline for adding nominee in mutual fund account

If you do not declare the nominee in your mutual fund account by December 31, 2023, your mutual fund account will be frozen. This means that if you miss this deadline, you will neither be able to withdraw nor deposit money. Along with mutual funds, it is mandatory for demat account holders also to make nominee by 31st December.

Deadline to file updated ITR

The deadline for filing income tax returns for the financial year 2022-23 i.e. assessment year 2023-24 was July 31, 2023. Those who could not file ITR by this date can still file updated ITR with late fees till December 31, 2023.

Your UPI ID may be closed

If you also have a UPI ID which you have not used for more than a year, then it will be closed after December 31. In such a situation, if you have not used any of your UPI ID in the last one year, then use it as soon as possible. This will not deactivate your UPI ID.

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Interested and eligible candidates can apply online through the official website of Bank of Baroda, bankofbaroda.in. The last date for submission of application form is 26 December 2023.

BOB Recruitment 2023: Overview

Under the recruitment process, a total of 250 vacancies are to be filled in the MSME vertical in the bank on regular basis. Graduate in any subject and candidates with age limit of 28-37 years can apply for these posts. Candidates finally selected for these posts will get salary up to Rs 78230 per month as MMG/S-III. Interested and eligible candidates can apply online for these posts on or before December 26, 2023.

Number of vacancies and age limit

This recruitment drive of Bank of Baroda aims to fill a total of 250 Senior Manager posts. Candidates between 28 years to 37 years can apply for this. The provision of upper age relaxation is applicable for reserved category candidates.

Bank of Baroda Jobs Application Fee

The application fee for General, EWS and OBC category candidates is Rs 600. The application fee for SC, ST, PWD and women candidates is Rs 100. The examination fee will have to be paid through online mode.

Bank of Baroda Exam Details

The online examination for recruitment to Senior Manager posts in Bank of Baroda will consist of 150 questions and the maximum marks is 225. The duration of the exam is 150 minutes.

Educational Qualification For BOB Manager Posts 2023

• Candidates must be graduate in any subject with at least 60% marks in all semesters/years.
• Post Graduate/MBA (Marketing & Finance) or equivalent professional qualification.
• You are advised to see the notification link for details of educational qualification of the posts.

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The Reserve Bank of India (RBI) has instructed all banks to get their customers to sign the new agreement for bank lockers. If you also have a bank locker in any branch of SBI or Bank of Baroda, then go there and sign your new bank locker agreement. Otherwise, you may face problems later.

Banks are making phone calls to customers

Most all banks have issued a revised bank locker agreement covering the customer’s rights. Bank locker customers are required to sign on it. Banks are also asking their customers to visit the bank through phone calls, SMS and emails. Not only this, banks are also keeping stamp papers for the customers. So that, customers just have to come to the bank and sign. Customers have to go to the bank and give their Aadhaar, PAN and photo. Also, stamp paper and bank locker agreement will have to be signed.

All banks should complete the signing of bank locker agreement by 31st December.

RBI has ordered all banks to sign the new agreement with bank locker holders by 31 December 2023. All banks have been directed to provide necessary information to their customers as well as update the status of their locker agreements on the efficient portal of RBI. Most people keep their gold and important documents in bank lockers. In such a situation, it is necessary to sign an agreement for the safety of the items kept in the locker.

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RTGS service will not be available from 10 pm tonight

Bank of Baroda (BoB) said in a tweet, due to scheduled system maintenance activity, Real Time Gross Settlement (RTGS) service will not be available from 10 pm on 18.11.2023 to 4 am on 19.11.2023. We request our customers to use other digital channels like NEFT, IMPS and UPI for fund transfer during this period.

pic.twitter.com/tDPsQDob2O

— Bank of Baroda (@bankofbaroda) November 17, 2023

RTGS means Real Time Gross Settlement and it is a system where funds are instantly transferred to the account of the account holder of another bank. This fund transfer happens on real time basis.

More than 20% return in 1 year

The returns of shares of government bank Bank of Baroda (BoB) have been better. BOB’s shares have increased by more than 20 percent in one year. The stock has gained 6 percent this year. The return for 6 months was around 10 percent. There was an increase of about 90 percent in 5 years. The share price on November 17, 2023 was Rs 196.90.

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The bank said that with the introduction of Face Authentication, submitting the life certificate has become easier. Now there is no need to go to the bank or use external devices. The bank told that if you are submitting life certificate through face authentication, then what are the things you need to keep in mind.

Keep these things in mind

First of all, your Android smartphone must have version 7.0 or above. You also have to take care of your internet connection.
Your Aadhaar number must be registered with the Pension Disbursing Authority, Bank or Post Office.

Also, the resolution of your pension should be 5 megapixels or more.

For this, it is necessary to download Aadhaar Face RD app in your phone, which can be downloaded from Google Play Store.

It should also be kept in mind that the phone’s camera and notifications should be enabled.
Apart from this, it is necessary to download ‘Jeevan Certificate’ App from Google Play Store in your phone, whose version should be 3.6.3

Step-1 : You have to go to Operator Authentication in Jeevan Pramaan App, where you have to fill Aadhaar, mobile number and email ID. After this you will have to enter OTP. After this you will have to click on scan for face authentication. You will have to blink your eyes. After this, click on the check box and go to Proceed.

Submission of life certificate has become simpler with the introduction of #FaceAuthentication. No longer need to visit the bank or use external devices. pic.twitter.com/oJ3AuwrNmL

— Bank of Baroda (@bankofbaroda) October 20, 2023

Step-2: After this, pensioner has to go to authentication and enter OTP after submitting Aadhaar, mobile number and email (optional). After this the name will have to be filled as per Aadhaar. After this, type of pension, sanctioning authority, disbursing agency, bank account number and PPO number will have to be entered.

What is life certificate?

Pensioners whose age is 80 years or more can now submit their life certificate from October 1. Life certificate is submitted every year so that the banks are aware whether the pensioner is alive or not. The process for senior citizens aged between 60 to 80 years will start from November 1, 2023.

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In such a situation, if you are going to buy a car or a house, then you can save a lot on the loan amount. Many banks of the country have come up with festive offers.

If you are buying a car or house on Dhanteras or Diwali, you can save big on the loan amount. Many big banks of the country are offering festive discounts. These include PNB, SBI and Bank of Baroda. Punjab National Bank (PNB) has launched a new offer called ‘Diwali Dhamaka 2023’ aimed at capitalizing on Diwali 2023.

The bank said that under this offer, PNB customers can avail home loan at a low interest rate of 8.4% per annum. Many other banks including Bank of Baroda (BoB) and State Bank of India (SBI) have also launched their 2023 festive offers on various products including home loans.

PNB special offers

Punjab National Bank (PNB) said that PNB customers can avail car loans at interest rates starting from 8.75%. Along with this, processing and documentation fees will be zero. For those who take home loan from PNB, the interest rate starts from 8.4%. The bank will also not charge any processing fee or documentation fee.

What is SBI offering?

State Bank of India (SBI) is also offering special offers in view of Diwali 2023. According to the bank, customers will be given discounts on term loan interest rates based on their credit bureau score. For example, if an SBI customer’s CIBIL score is between 700 to 749, then he can get a term loan at an effective interest rate of 8.7%. Apart from this, additional interest rate rebate of (0.2%) will be given to home loan borrowers having credit score of 700 and above.

BOB what a late discount

Bank of Baroda’s special festive campaign ‘Feeling of Festival with BOB’ will run till December 31, 2023. Under this special campaign, home loan interest rates start from 8.4% and no processing fee will be charged by the bank. Additionally, BoB customers can avail car loans at interest rates starting from 8.7% per annum, the bank said. For both car and education loans, BOB customers will not have to pay any processing fee, the bank said.

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Through this service of the bank, transactions can be done between customers and shopkeepers without any hindrance. Customers will be able to use the Bank of Baroda Digital Rupee app to scan any UPI QR at merchant outlets and transact. Additionally, merchants can now take digital rupee payments from customers using their existing QR payment acceptance terminals without joining as a CBDC merchant.

Promoting use of digital rupee

Joydeep Dutta Roy, Executive Director, Bank of Baroda, said, “CBDC UPI QR interoperability will accelerate the adoption of digital rupee among customers and provide a comprehensive payment acceptance infrastructure to promote the use of digital rupee among merchants. . Customers can now use the digital currency present in their Digital Rupee wallet and scan it to make payments on any UPI QR code. Similarly, merchants only need to show their existing QR code, which can accept payments in both CBDC and UPI.

Facility of payment with digital rupee by scanning UPI QR code is available in these 5 banks

1.Kotak Mahindra Bank
2.Yes Bank
3.Axis Bank
4.HDFC Bank
5.Canara Bank

CBDC was introduced in the year 2022

The Reserve Bank had conducted a pilot test last year regarding the use of CBDC or Digital Rupee. In the initial phase, wholesale use of CBDC was tested and later retail use was also tested.

What is Digital Rupee?

Let us tell you that Digital Rupee is the digital or electronic form of notes and coins. It is based on blockchain technology. With its arrival you will no longer need to keep notes or coins. You will be able to use this e-rupee for transactions. You will have to do this transaction digitally.

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Customers can withdraw money through the QR code displayed on the ATM. BOB said in a statement that it is the first public sector bank to offer cash withdrawal facility from ATMs through UPI.

The bank said that by availing its Interoperable Cardless Cash Withdrawal (ICCW) facility, customers of other participating banks using BHIM UPI and other UPI applications along with its customers will also be able to withdraw cash from ATMs. Customers will not need to use debit cards for cash withdrawal from Bank of Baroda (BoB) ATMs.

This is the process to withdraw money from UPI

To avail this service, the customer has to select the ‘UPI Cash Withdrawal’ option at the Bank of Baroda ATM. Then after entering the amount to be withdrawn, a QR code will be displayed on the screen of the ATM. This code needs to be scanned using the authorized UPI app for ICCW to authorize the transaction.

Transaction can be done twice in a day

The Bank’s Chief Digital Officer Akhil Handa said that the introduction of ICCW service will give customers the freedom to withdraw cash without using a card. At BOB ATMs, customers can do two transactions in a day and a maximum of Rs 5,000 can be withdrawn at a time.

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Public sector Bank of Baroda (BOB) has said that keeping in view the convenience of the customers, it has started Cardless Cash Withdrawal (ICCW) facility, in which a customer can withdraw cash from the bank’s ATM using UPI.

BoB released statement

BOB said in a statement that it is the first public sector bank to provide cash withdrawal facility from ATMs through UPI. The bank said that by taking advantage of its ICCW facility, customers of other participating banks using BHIM UPI (UPI) and other UPI applications along with their customers will also be able to withdraw cash from ATMs.

Will be able to withdraw cash from ATM

Customers will not need to use debit card to withdraw cash from Bank of Baroda’s ATM. To avail this service, the customer has to select the option of ‘UPI Cash Withdrawal’ at the Bank of Baroda ATM. Then after entering the amount to be withdrawn, a QR code will be displayed on the screen of the ATM.

Let us tell you that this code has to be scanned using the authorized UPI app for ICCW and authorized for the transaction. The bank’s chief digital officer Akhil Handa said the introduction of the ICCW service would give customers the freedom to withdraw cash without using a card.

Withdrawal of Rs.5,000 can be done

at BOB ATMs. Customers can do two transactions in a day and a maximum of Rs.5,000 can be withdrawn at a time.

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The pilot-based digital rupee was launched on November 1, 2022, for use at the wholesale level. After that, the use of digital rupee in the retail segment was announced on December 1, 2022. Pilot projects were started in Mumbai, New Delhi, Bangalore and Bhubaneswar. In terms of usage, a limited range of customers and merchants were included in it.

Ahmedabad, Chandigarh, Gangtok, Guwahati, Hyderabad, Indore, Kochi, Lucknow, Patna and Shimla are also being included in the pilot project in a phased manner.

4 banks have been named

The pilot project started with four banks – State Bank of India, ICICI Bank, Yes Bank and IDFC First Bank. While four other banks… Bank of Baroda, Union Bank of India, HDFC Bank and Kotak Mahindra Bank joined later.

5 more banks are in the process of joining

Central Bank said in 2022-23 report Five more banks… Punjab National Bank, Canara Bank, Federal Bank, Axis Bank and IndusInd Bank are in the process of joining the pilot project. The scope is being gradually expanded to include more banks, users and locations as per the need.

According to the released report

, in the case of wholesale and retail digital rupees, things are satisfactory so far and are in line with what was expected. With reference to the digital rupee wholesale segment, it said that settlement of secondary market transactions in government securities has been included under it. Transactions between banks are expected to become more efficient with the use of digital money-wholesale segment. This arrangement is expected to bring down the disposal cost.

Currently nine banks are participating

State Bank of India (SBI), Bank of Baroda, Union Bank of India, HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and HSBC ) are participating in the pilot.

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This potentially helps in the prevention of financial crime or money laundering in any form. The Reserve Bank of India (RBI) has made it mandatory for all banks to complete the KYC of each of their customers. Government sector Bank of Baroda has now given special information about this to its lakhs of customers.

The bank has given this information to the customers through a tweet. The bank has told the customers that if there are any changes in the documents with the help of which the customers completed the KYC process at the time of account opening, they should inform the bank. Such customers will have to inform the bank within 30 days of updating the document so that the bank can include the updated document in its records.

What did the bank write in the tweet?

Bank of Baroda wrote in this tweet, “According to the RBI guidelines, the KYC documents submitted at the time of account opening. If there is any change in them, the information has to be given to the bank within 30 days of the updation so that the bank can keep its records.” I can update it.”

The bank also said that for more information on this, customers can contact the nearest branch of Bank of Baroda. Know further that if you are a customer of this bank, then how can you update your KYC documents.

Re-KYC document submission process

Bank of Baroda customers can choose any one of the two methods for re-KYC. The first way is to go to the home branch and submit the re-KYC document form and KYC document along with your signature.

Apart from this, customers can submit KYC details through e-mail/post/courier along with self-declaration. This will be valid only for change of address in KYC document. If there is no change in any document and the customer needs to re-KYC, the customer can e-mail it along with a self-declaration to rekyc@bankofbaroda.com. In this, it will be mandatory to send a scanned copy of their KYC documents.

pic.twitter.com/YexN05Xpxe

— Bank of Baroda (@bankofbaroda) May 16, 2023

What documents are required for KYC?

Passport for Customer Personal Account, Driving License with photograph, Proof of having Aadhaar Number, Voter ID Card issued by Election Commission, Job Card issued by NREGA duly signed by State Government Official or National Census Register The letter issued by the bank containing the name and address can be used as a KYC document.

No hassle of completing KYC process again and again through CKYC

Through KYC, the bank saves the data of its customers in digital format. Earlier, customers had to do KYC several times for different purposes. But now this process is completed through Central KYC i.e. CKYC. Due to this, customers do not have to update KYC again and again for different tasks like opening an account, taking insurance or opening a demat account.

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Bank of Baroda has now increased the interest rates. If you have also made FD in this bank, then you will get the benefit of more interest. Let us tell you that the bank has increased the interest rates on its Baroda Tiranga Plus Deposit Scheme (Baroda Tiranga Plus Deposit Scheme), whose duration is 399 days.

Interest rates applicable from May 12

If you get an FD of less than Rs 2 crore, then it is giving the benefit of interest to the common citizens at the rate of 7.25 per cent to 7.75 per cent. The new rates have been implemented by the bank from May 12. The bank has increased the interest rates by 20 basis points. First bank is giving the benefit of interest ranging from 7.05 percent to 7.75 percent to the customers.

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Rate of interest for general citizens-

>> 7 to 45 days FD – 3 percent
>> 46 to 180 days FD – 4.5 percent
>> 181 to 210 days FD – 4.5 percent
>> 211 days or less FD – 5.75 percent
>> Duration of one to two years – 6.75 percent

Rate of interest for senior citizens-

>> 7 to 45 days FD – 3.5 percent
>> 46 to 180 days FD – 5 percent
>> 181 to 210 days FD – 5.75 percent
>> FD of 211 days or less – 6.25 percent
>> Duration of one to two years – 7.25 percent

Benefits of Baroda Tricolor Plus Scheme

Apart from this, the bank is also giving the benefit of Baroda Tricolor Plus Deposit Scheme (399 days) to the customers. Talking about ordinary citizens, these people get the benefit of interest ranging from 7.25 per cent to 7.75 per cent.

How much interest is being received over which period?

Apart from this, if we talk about FDs of more than 10 years, then ordinary citizens are getting the benefit of interest at the rate of 6.25 percent. At the same time, senior citizens are getting interest at the rate of 6.75 percent.

Apart from this, talking about the rate of interest for a period of more than 5 years, then ordinary citizens are getting interest at the rate of 6.5 percent and senior citizens at 7.50 percent. On FDs of more than 2 years and up to 3 years, the bank is offering 7.05 percent interest rate to general citizens and 7.55 percent to senior citizens.

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Bank of Baroda FD Interest Rates

Bank of Baroda gives its customers the opportunity to save money by investing money in FDs ranging from 7 days to 10 years. According to the bank, up to Rs 2 crore can be invested in these FD schemes. After the change in interest rates, the interest rate of FD for the general public can go up to 7.25 percent. Whereas, senior citizens can earn up to 7.75 per cent.

FD interest rates for general citizens

1. Bank of Baroda will give an interest rate of 3 percent on FDs maturing between seven to 45 days.
2. It is offering an interest rate of 4.5 per cent on FDs maturing between 46 and 180 days.
3. Bank of Baroda will pay interest at the rate of 4.5 per cent on FDs maturing between 181 to 210 days.
4. 5.75 percent interest will be given on FDs maturing between 211 days and less than one year.
5. The bank is offering an interest rate of 6.75 percent on FDs between one and two years.
6. Will offer an interest rate of 7.05 percent on FD tenure of more than two years and up to three years.
7. The bank is offering an interest rate of 6.50 per cent on FDs maturing between three and ten years.

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FD interest rates for senior citizens

• For FDs maturing between 7 to 45 days, the bank is offering an interest rate of 3.5 percent to senior citizens.
• Will give an interest rate of 5 percent on FDs maturing between 46 days and 180 days.
• 5.75 percent interest rate will be available on FDs maturing between 181 and 210 days.
• You can get 6.25 percent interest rate on FDs maturing between 211 days and less than one year.
• Fixed deposits maturing between one to two years will get an interest rate of 7.25 per cent.
• The bank is giving an interest rate of 7.55 per cent on FDs ranging from two years to three years.
• The bank is paying 7.15 per cent interest on FDs maturing between three and five years.
• It is paying an interest rate of 7.55 per cent on FDs maturing for more than 5 years.

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This decision is now gaining momentum. Tell that, even before this, the Central Government has privatized many banks from the government. Government employees are strongly opposing this decision of the government.

According to the information, two prominent economists have given their opinion that the government should privatize all other government banks except State Bank of India. While giving its verdict on this, NITI Aayog has said that 6 public sector banks of the country will not be handed over to private hands.

Giving information, government officials have said that all those banks which have been part of the government bank consolidation should not be privatised, a list has been issued by NITI Aayog.

It has been told that Union Bank, SBI, Bank of Baroda, Canara Bank and Indian Bank, these banks will not be privatized by the government. The government has also said that 6 banks will be kept government only.

Remind you that the Finance Minister had announced in last year’s budget that IDBI Bank will be privatized soon. The government wants to sell its stake in this bank. The process of this process is still going on.

This decision of the government is being continuously opposed. Despite this, the government is firm on its stand. Along with this, the Finance Minister had also said that an insurance company would also be sold.

As you know, the merger decision of 4 out of 10 banks was taken by the government in August 2019. Since then the number of public sector banks in the country has come down from 27 to 12.

The government has not yet taken any decision regarding the privatization of these banks, the Finance Minister has made it clear that all these banks will be kept out of privatization.

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The bank has given time till March 24 to get this work done. It has been warned that if this is not done, the bank account can be deactivated.

Update will have to be done by March 24

According to the tweet made by the bank, all the account holders having an account with Bank of Baroda will have to get their KYC updated by March 24. For this, they will have to go to the bank and submit their address proof and PAN card details. Failure to do so will ban the operation of the customers’ bank account. Along with this, action can also be taken to deactivate the bank account. SMS and email are also being sent by the bank in this regard.

Now the verification happens only once

Let us tell you that in order to avoid frauds earlier the bank used to call the customers from time to time and verify their documents. But now all the banks store all the data of customers in digital format. For this, customers have to submit the details of papers like their PAN card, Aadhaar card, voter card, voter card, electricity bill only once. After this, the bank saves them in digital format and keeps them in their computer.

This government organization does KYC

Central KYC is managed by Central Registry of Securitization Asset Reconstruction and Security Interest of India i.e. CERSAI, an organization of Government of India. Through this, senior officers of the government, intelligence agencies, RBI, Income Tax Department can extract the complete horoscope of any account holder. This arrangement has been made to stop black money in the economy and to curb the funding of terrorism.

Disadvantages of not getting Central KYC done

You will have to visit your respective bank to get the central KYC done for your account. All your documents will be deposited there. If you are negligent in this work, then the transaction from your account can be banned. Also, your bank account can also be permanently deactivated. Due to which you may have to face a lot of trouble.

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Failure to do so may deactivate your bank account. For this, the bank is informing its customers by giving notice and through SMS. The bank has given this information in a tweet.

If you are a customer of Bank of Baroda and you have not yet completed the process of Central KYC, then go to your nearest branch and settle this work soon. If you do not do this, you may have to face trouble later. Let us know what is Central KYC and how it can be done.

What is Central KYC?

Through KYC, the bank saves the data of its customers in digital format. Earlier, customers had to get KYC done repeatedly for different purposes. But now this process has been simplified through Central KYC i.e. CKYC. Now customers will not need to do KYC again and again for all the tasks like opening an account, buying life insurance, opening a demat account. Now you have to complete this process only once.

Will get rid of the hassle of repeated KYC

Central KYC has to be done only once. With this, you will get rid of the hassle of repeated KYC for different financial services. When you get Central KYC done, the bank stores the C-KYC records in digital form and matches the information with Central KYC. Central KYC helps banks and other institutions to verify whether KYC norms are met or not. Explain that the management of Central KYC is done by the Central Registry of Securitization Asset Reconstruction and Security Interest of India i.e. CERSAI.

How can Central KYC be done?

To get Central KYC done, you have to visit the nearest branch of Bank of Baroda. Here you can easily complete this process by submitting all the documents required for Central KYC. If you do not complete the process of Central KYC, then the bank can deactivate your account. Due to this you will have to face trouble later.

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If you do not do this, then later you may have to face big trouble. Actually, Bank of Baroda (BoB) has issued instructions to its account holders to get Central KYC (C-KYC) done. If you have not completed this work, then go to the bank immediately and complete this work.

Bank gave information by tweeting

By tweeting about this from its official Twitter handle, the bank has told that all the customers who have been called by the bank for notice, SMS or C KYC, should go to the bank and submit their KYC documents. You have to do this work before March 24, 2023. If you have completed this task then ignore this message.

What is Central KYC?

Now customers do not need to do KYC again and again for all the tasks like opening account, buying life insurance, opening demat etc. Now all the works can be completed after getting KYC done only once. The bank submits the records of C-KYC to its customers in digital format.

pic.twitter.com/HZOMQN9pbJ

— Bank of Baroda (@bankofbaroda) March 13, 2023

After this, a customer does not have to do KYC for different purposes and banks match the information with the central KYC. By matching this data, the bank or any institution finds out whether the KYC rules have been fulfilled or not. It is worth noting that CERSAI does the work of managing the Central KYC. In this case, only KYC related information of the customer can be obtained from this number only.

Failure to complete Central KYC can result in huge losses.

If you do not complete the Central KYC, your account may be deactivated. In such a situation, if you have not yet completed this work, then complete it as soon as possible. With this you will not have to face trouble later.

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The bank said, the customers who have been contacted for C-KYC should immediately go to the branch and submit their KYC documents. BoB has given this information by tweeting.

Submit KYC documents by March 24

Bank of Baroda (BoB) said in a tweet, notice to customers. Customers who have received notices/SMS/calls for CKYC from the bank are requested to visit their branch immediately and submit the KYC documents to their branch by 24th March. Please ignore if you have already submitted.

C-KYC has replaced KYC. Now there is no need to complete the KYC process again and again to open a bank account, buy life insurance, invest in mutual funds. The records of C-KYC are stored in digital form with CERSAI. With this, institutions will not get a chance to duplicate your data. Also, the institutions will also be able to know whether you have fulfilled the KYC norms or not.

C-KYC has replaced KYC. Now there is no need to complete the KYC process again and again to open a bank account, buy life insurance, invest in mutual funds. The records of C-KYC are stored in digital form with CERSAI. With this, institutions will not get a chance to duplicate your data. Also, the institutions will also be able to know whether you have fulfilled the KYC norms or not.

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This card can be used at all merchant outlets or online websites that accept RuPay cards. The company said in a statement that this credit card is capable of meeting the needs of the personnel selflessly engaged in the service of the country.

Card Features Details

• Vikram Credit Card customers get 3 months complimentary Disney Hotstar subscription upon card activation.
•  Through this card, you get 5 reward points on every Rs 100 spent in grocery, movie and departmental stores.
• 1 reward point for every Rs 100 spent on other categories.
• Accidental death cover of Rs 20 lakh is available on this credit card.
• Fuel surcharge of 1 percent will not have to be paid on payment of fuel purchase from Rs. 400 to Rs. 5 thousand at petrol pumps with this card. A maximum of Rs 250 fuel surcharge can be waived in a billing cycle.
• This card is equipped with contactless technology, which also gives customers the facility of ‘tap and pay’ i.e. without swiping the card, payment can be made by just tapping on the POS machine.

Life Time Free Card

Vikram Credit Card is a Life Time Free Credit Card. There is no joining or annual fee for this card.

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Apart from this, to attract their senior citizen customers, these banks also give them the benefit of additional interest in FD interest rates. In such a situation, senior citizens get more returns than common customers on getting FDs in banks. Let’s see how much interest the country’s big government and private banks give to their customers on Fixed Deposit.

SBI Bank gives interest up to 7.25 percent

In the country’s largest public sector bank SBI, senior citizens get a maximum interest of up to 7.25 per cent on fixed deposits. Bank’s customers get 7.25% interest on FDs ranging from 1 year to 3 years. Apart from this, 6.75 percent interest is available on FDs of 3 years to 5 years. At the same time, even on FDs of 5 years to 10 years, the customers of the bank get only 7.25 percent interest.

Bank of Baroda gives this much interest on FD

Like State Bank of India, senior citizen customers of Bank of Baroda also get a maximum interest of 7.25% on FDs. The bank offers this interest to customers on special FDs of 399 days. Apart from this, 6.60 percent interest is available on FDs of 1 year to 2 years, 6.75 percent on FDs of 2 years to 5 years and 6.90 percent on FDs of 5 years to 10 years.

PNB gives 8.05 percent interest to senior citizens

Punjab National Bank offers the highest interest of up to 8.05% on FD to its super senior citizens. Bank’s customers get this interest on 666 days special FD. Apart from this, 7.10% interest is available on FDs of 1 year to 599 days, 7.80% on FDs of 600 days, 7.10% on FDs of 601 days to 665 days and 7.30% on FDs of 3 years to 10 years.

Axis Bank gives this much interest to the customers

Private sector bank Axis Bank gives a maximum interest of 7.75% on bank FDs to its senior citizen customers. Axis Bank offers 7.75% interest on FDs ranging from 2 years to 10 years. Apart from this, the customers of the bank get 7.50 percent interest on FDs ranging from 1 year to 2 years.

HDFC Bank gives interest up to 7.75 percent

HDFC Bank gives interest up to a maximum of 7.75% on fixed deposits to its senior citizens. Bank’s customers get 7.75% interest on FDs ranging from 5 years to 10 years. Apart from this, 7.00 percent interest is available on FDs ranging from 1 year to 15 months and 7.50 percent interest is available on FDs ranging from 15 months to 5 years.

ICICI Bank gives this much interest

Private sector bank ICICI gives interest up to a maximum of 7.50% on Fixed Deposit to its customers. Senior citizen customers of the bank get 7.50% interest on FDs ranging from 15 months to 10 years. Apart from this, customers get 7.10 percent interest on FDs ranging from 1 year to 15 months.

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Bank of Baroda has started a new scheme called Tiranga Plus Deposit . In this term deposit scheme , 7.50 percent interest is being received on deposits with maturity of 399 days. Bank of Baroda launched this new scheme on Tuesday.

This scheme is getting more interest than other term deposit schemes. In the 399 days Tricolor Plus Deposit Scheme , customers are getting 7.50 percent interest. The new rates of this scheme have been implemented from November 1, 2022. In this scheme, more interest is being offered to senior citizens. In the Tiranga Plus deposit scheme, senior citizens are getting an additional 0.50 percent interest as compared to ordinary account holders.

If the scheme is non-callable (scheme that does not close before maturity), then an additional 0.25 percent interest is being given on it. Bank of Baroda’s new rate is applicable on retail term deposits of less than Rs 2 crore. In the 399 days Tiranga Plus deposit scheme, the interest rate for the general account holder is 6.75 percent. But the FD which cannot be broken (non-callable) is getting 7 percent interest to the general public, NRE, NRO. 7.50 percent interest is being offered to senior citizens.

What is the new interest rate

Bank of Baroda has already increased the interest rate on non-callable retail term deposits. Earlier, 0.15% additional interest was available on this term deposit, but now it has been increased to 0.25%. Here non-callable term deposit means such a scheme which cannot be closed before maturity and money cannot be withdrawn from it. Such deposit schemes are taken with a lock-in period. Premature withdrawal facility is available from Callable Term Deposit.

Baroda Advantage Retail Term Deposit

Commenting on the new scheme, Ajay K Khurana, Executive Director, Bank of Baroda said, “In a rising interest rate environment, we are happy to offer higher interest rates to customers so that they can earn more on their savings. Baroda Tiranga Plus Deposit Scheme offers high interest rates and assured returns.

It has also been decided to increase the premium in our Non-callable Term Deposit scheme from 0.15% to 0.25%, thereby providing more benefits to the customers.” Interest rates on Bank of Baroda Advantage Retail Term Deposit Scheme (Non-callable) have increased by 10 basis points.

About FD Scheme

Similarly, Bank of Baroda also runs Tiranga Deposit Scheme which is for a period of 444 and 555 days. General account holders are being given 5.75 percent interest on FDs and callable FDs maturing in 444 days, while senior citizens are getting 6.25 percent interest under this scheme. Up to 6.50% interest is being received on FDs maturing in 555 days. Similarly, the interest rates of Baroda Advantage FD scheme have also been changed.

Common people are getting 5.75% to 7% interest and senior citizens are getting 6.25% to 7.50% interest on FDs maturing in one year to 399 days.

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If you have any important bank related work on Saturday 19th November, then settle it in advance, because on this day banking services across the country may be affected. On November 19, there may be a strike in banks across the country. The All India Bank Employees Association (AIBEA) has called for a one-day strike on November 19.

Bank of Baroda informed that all banking services including ATMs will be affected on this day due to the strike. Public sector Bank of Baroda (BoB) said in a notice sent to the stock exchanges, “The General Secretary of the All India Bank Employees Association has given a strike notice to the Indian Banks Association. The notice states that the members of AIBEA have proposed to go on strike on 19 November 2021 in support of their demands.

Bank taking necessary steps to continue functioning .

Attacks on bankers have increased. Earlier in October, AIBEA general secretary CH Venkatachalam had said in a statement, “The members of the union will go on strike to protest against the targeted harassment of bankers who are active in the union. He had said, “Recently the attacks on such bankers have not only increased, but there is a similarity in all the steps being taken against them. There is a conspiracy in these attacks. Insanity also has some way or the other. So we have to resist, retaliate and counter these attacks at the level of AIBEA.”

Venkatachalam claims that member bankers of AIBEA union have recently been sacked/retrenched from several banks including Sonali Bank, MUFG Bank, Federal Bank and Standard Chartered. He said that more than 3,300 clerk employees have been transferred from one station to another, which is in violation of bilateral agreement and bank-level agreement.

Meanwhile, All India Bank Officers’ Associations (AIBOC) has also accused foreign bank Standard Chartered of violating norms related to human resources . Along with this, while submitting a detailed memorandum, he has also appealed to the CEO of the bank to take appropriate steps in this matter immediately. The union also alleged that the bank was delaying the recognition of Association of Standard Chartered Bank Officers (Kolkata) despite several reminders.

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In fact, the All India Bank Employees Association (AIBEA) says that there will be a bank strike across the country on November 19, which may affect banking services across the country next week. Let us tell you that November 19 is the third Saturday.

While all banks remain open on the first and third Saturdays. In a regulatory filing on Monday, Bank of Baroda (BoB) said that the General Secretary of All India Bank Employees Union has given strike notice to Indian Banks Association, stating that their members went on strike on 19.11.2022 for their demands.

You can go and raise your demands. The bank said that, the bank is taking necessary steps for the smooth functioning of the branches and offices of the bank during the strike days, but in the event of a strike, the functioning of the branches and offices may be affected.

ATM services may also be affected

Along with this, it is being speculated that due to the strike on November 19, ATM services may also be affected. Therefore, it is important for you that the bank related work to be settled on the 19th should be settled a few days in advance. So that none of your bank related work gets hampered. Let us tell you that today banks are closed in Aizawl, Kanpur, Kolkata, Chandigarh, Jammu, Jaipur, Dehradun, New Delhi, Nagpur, Belapur, Bhubaneswar, due to Nanak Jayanti / Kartik Purnima / Rahas Purnima.

There will be a strike against the unfair transfer

AIBEA general secretary CH Venkatachalam said a few days ago that attacks on unions, rights of representation, harassment and retaliation on leaders and violations of agreements and unfair transfers of employees from one city to another and to destabilize employees’ lives and They will also strike against the separation.

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This scheme has come into effect from 1st November. This includes interest rate of 0.5 per cent on deposits for senior citizens and 0.25 per cent for non-callable deposits. This scheme is for retail term deposits of less than Rs 2 crore. Bank of Baroda has increased the premium on non-callable retail term deposits from 0.15% p.a. to 0.25% p.a.

Hence, non-callable deposits will now get 0.25% additional interest per annum. Ajay K Khurana, Executive Director, Bank of Baroda said, “In an environment of rising interest rates, we are happy to offer our customers a higher rate of interest so that they can earn higher returns on their savings. Baroda Tiranga Plus Deposit Scheme offers high interest rates and assured returns.

On non-callable deposits, the Bank has also decided to increase the non-callable premium on retail term deposits from 0.15% to 0.25%, providing further benefits to the customers.

IDBI Bank: Amrit Mahotsav Deposit Scheme

Private sector lender IDBI Bank has introduced Amrit Mahotsav FD (Amrit Mahotsav Deposits) scheme for its customers. The bank is offering increased interest rates on deposits under this scheme. Under this scheme, customers will be able to make deposits for 700 days and they will get interest at the rate of 7.50 per cent. This offer is for a limited time.

Unity Small Finance Bank introduced Shagun 366 Meanwhile, Unity Small Finance Bank is now offering 8.30% interest on deposits of 366 days to senior citizens. The bank recently launched a new scheme – Shagun 366, i.e. 1 year, 1 day fixed deposit. The scheme offers a return of 7.80% p.a. while senior citizens will get 8.30% interest over a period of 366 days. However, this offer will be available only for deposits booked up to November 30, 2022.

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Pension News: There is good news for pensioners. Now pensioners can submit life certificate through video call sitting at home. Actually, Bank of Baroda has given the facility to its customers to submit their life certificate through a simple video call. That is, now pensioners can easily submit their life certificate through video call sitting at home. BoB has given this information by tweeting.

Bank gave information 

Let us tell you that the life certificate is submitted in November. You can submit it anytime throughout the month. If a pensioner fails to do so, his pension may be stopped. Now it can also be deposited in digital form. Bank of Baroda has informed by tweeting that you can take the help of video call to submit your Annual Life Certificate. Through this facility, you can submit life certificate sitting at home only through video call.

Submit life certificate like this

1. For this you first click on the official website of the bank, Bankofbaroda.com.
2. Now enter the PPO number and account number from which your pension comes.
3. Now enter the One Time Password (OTP) received on your registered mobile number with BOB and Aadhaar and click on submit button.
4. After this choose one of the options given here.
5. After this select the Call Now or Later option.
6. Now you will be made a video call by the bank and after that BOB agent will appear in front of you.
7. After this you have to fill your photo ID and further details.
8. OTP will come again on the registered mobile number of Aadhar, which should be re-entered.
9. After this you submit your life certificate.

You can also deposit through door step service 

It is worth noting that according to the Department of Pension and Pensioners’ Welfare, pensioners can submit a digital life certificate using the doorstep banking alliance of 12 public sector banks or the doorstep service of the Department of Posts. For this there is an alliance between 12 public sector banks, which include State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Bank of India, Canara Bank, Bank of Maharashtra, Central Bank of India, Indian Banks etc. are included.

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Pension is received only after submission of this certificate. So let’s know how you can submit life certificate through video call.

There is good news for the pensioners of Bank of Baroda. Now they have got the facility to submit their life certificate through video call . In this way, the elderly or disabled pensioner will not need to go to the bank. Jeevan Pramaan will be deposited and pension will be received from the video call sitting at home . For this, Bank of Baroda has started ‘ Video Life Certificate ‘ ie VLC. Through VLC, pensioners will be able to submit their life certificate by making a video call sitting at home.

Bank of Baroda has made a tweet regarding VLC service. It is written in the tweet, now full attention on pension. As per your convenience from home, submit the life certificate through video call.

What does Bank of Baroda say

To get pension, every government pensioner has to submit Annual Life Certificate in the month of November every year. This life certificate is submitted once in a year. Pension is received only after submission of this certificate. So let’s know how you can submit life certificate through video call.

Submit life certificate like this

1. Login to Pension Sarathi Portal and click on Video Based Life Certificate tab or visit Bankofbaroda.com
2. Enter the PPO number and account number registered with the pension paying branch
3. Enter the One-Time Password (OTP) received on your registered mobile number with Bank of Baroda and Aadhaar and click on “Submit”
4. The pensioner has to select the given details. Whether Re-employed – Yes / No, Remarried – Yes / No, Income below 9000+DA – Yes / No, Persons with Disabilities – Yes / No.
5. After submitting the details the pensioner has to select an option to schedule the call now or as per convenience (later)
6. Before initiating the call keep your original photo ID ready and the pensioner has to give permission to initiate the video call
7. Once the permission is granted, it will be forwarded to the BOB agent as soon as it is available.
8. Show the photo ID card so that the bank officials can see it and the question will be shown on the screen of the pensioner to enter the details
9. After successful capture of the photo, the OTP received on the Aadhaar registered mobile number will be shared by the pensioner with the bank officer
10. After successful capture of the process the Jeevan Pramaan will be updated in the pension software and if it is rejected it will be informed through SMS and email

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With the Reserve Bank increasing the prime rates, banks are increasing the interest rates to attract more and more deposits. Earlier, Axis Bank had also announced to increase its FD rates last week. In the last one month, many other banks including SBI, HDFC Bank have increased the deposit rates.

How much did Bank of Baroda increase rates

The bank said on Wednesday that domestic and NRO (Resident Ordinary) fixed deposits of one year tenor will now attract 5.50 per cent interest, as against 5.30 per cent earlier. Similarly, the interest rate on deposits with a tenor of 400 days to three years has been increased from 5.45 per cent to 5.50 per cent. The new rate for tenures ranging from three years to 10 years is 5.65 per cent, which is 0.15 per cent higher than before.

The bank said that the interest rate on one-year deposit for senior citizens will be 6 percent, which was earlier 5.80 percent. Similarly, resident senior citizens will now get interest ranging from 5.95 to 6.50 percent for other tenures. It has increased by 0.15 percent. Bank of Baroda has also increased the interest rate on schemes like Baroda Tax Savings Fixed Deposit and Baroda Advantage Fixed Deposit.

There is further growth forecast Further increase in interest rates is expected in the coming times. Actually, at the end of this month, the Reserve Bank will announce its policy review. With the inflation rate once again reaching 7 percent, it is expected that the Reserve Bank may increase the key rates further.

If this happens, banks can offer better rates to customers to attract deposits. Due to which the gift of increase in deposit rates can also be given in the festive season.

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State Bank of India (SBI) – The country’s largest bank has a UPI transaction limit of Rs 1 lakh. Apart from this, its daily transaction limit is also Rs 1 lakh.

HDFC Bank – The largest private sector bank has kept the UPI transaction and daily limit of Rs 1-1 lakh. However, the new customer will be able to do a transaction of only Rs 5,000 in the first 24 hours.

ICICI Bank- The bank’s UPI transaction limit and daily limit is also Rs 10,000-10,000. Although. For Google Pay users, both these limits are Rs 25,000.

Axis Bank- UPI transaction limit and daily limit of the bank is Rs.1 lakh each.

Bank of Baroda – Bank of Baroda has kept a single transaction limit of 25 thousand and a day limit of one lakh rupees.

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This co-branded credit card is equipped with contactless features. This card can be used at all merchant outlets or online websites that accept RuPay cards.

• Card Features-
• Yodha BOB Credit Card customers get a complimentary Fitpass Pro membership worth Rs 15,000 for 6 months.
• Within 30 days of card activation, the cardholder gets a Zomato Pro membership for 12 months.
• On spending one lakh rupees within 90 days of card issuance, the card holder gets a membership of Amazon Prime for 12 months.
• Get 10X Reward Points on spending in grocery and departmental stores through this card.
• Apart from this, 2X reward points are available for spending in other categories.
• Through this card you can access airport lounge 8 times in a year. However, you can access the domestic lounge maximum 2 times in a quarter.
• Fuel surcharge of 1% will not be payable on payment of fuel purchase at petrol pumps using this card. Fuel surcharge can be waived up to a maximum of Rs 250 in one billing cycle.
• This card is equipped with contactless technology, which also provides the facility of ‘Tap and Pay’ to the customers i.e. payment can be made by simply tapping on the POS machine without swiping the card.

Life Time Free Hai Card

Yodha BOB Credit Card is a Lifetime Free Credit Card. There is no joining or annual fee for this card.

The post Yoddha BoB Credit Card: Bank of Baroda and Indian Army introduced co-branded credit card, know the features of the card first appeared on Rightsofemployees.com.

Bank gave information

Bank of Baroda said in a tweet that we are committed to your banking security. With Positive Payment System, we protect you from Cheque fraud. From 1st August 2022, Positive Pay System (BOB Positive Pay System) will be mandatory for the amount of Rs 5 lakh or more.

what is positive pay system

National Payments Corporation of India (NPCI) has developed PPS under which a customer issuing a high denomination Cheque is required to share certain essential details such as Cheque number, check amount, date and beneficiary name. These details are cross-checked while presenting the Cheque for payment.

Cheque reject if found fault

The Cheque issuer can provide the required details through electronic means like SMS, mobile app, internet banking or ATM. After this, these information will be cross checked before payment of the Cheque . If any discrepancy is found, the bank will reject the cheque. Here if there is a case of 2 banks i.e. the bank whose Cheque has been deducted and the bank in which the Cheque has been inserted, then both will be informed about it.

What are the guidelines of RBI

The Reserve Bank of India (RBI) had issued guidelines to provide the facility of PPS for checks of Rs 50,000 and above. The central bank has asked to consider making it mandatory for checks above Rs 5 lakh.

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BoB said in a release on Tuesday that ‘Baroda Tiranga Deposit Scheme’ has been introduced on the occasion of 75th Independence Day of India. This is a special fixed deposit scheme offering high interest rates.

This scheme will be available till December 31, 2022. This scheme has two maturity periods of 444 and 555 days, in which interest of 5.75 percent and six percent per annum will be given respectively. The bank said that the scheme has started on Tuesday (August 16) and is applicable on retail deposits of less than Rs 2 crore.

Under the scheme, senior citizens will get additional interest on their deposits.

It is worth noting that the Reserve Bank of India had recently increased the repo rate, after which it was believed that now taking loans from banks will be expensive as well as interest on deposits will be more. In the same episode, with banks increasing their lending rates, now they are increasing the interest rates on deposits made from retail deposits to fixed tenure.

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The new rates will be effective from August 12. In the information sent to the stock market, it was said on behalf of the bank that it has approved the increase in MCLR rate. This will be effective from August 12. The benchmark MCLR for one-year tenor has been increased from 7.65 per cent to 7.70 per cent. The interest rates of most consumer loans are fixed on this basis. Apart from this, the MCLR has been increased by 0.20 percent to 7.40 percent for the loan of one month.

These banks also increased the interest rates , in addition to this, it has been decided to increase the MCLR by 0.10 percent for loans of 3 months and six months to 7.45 and 7.55 percent respectively. The Reserve Bank of India (RBI) last week increased the key policy rate repo by 0.50 percent. After this many banks have increased their interest rates. Earlier, ICICI Bank, Canara Bank and PNB (Punjab National Bank) have also decided to increase the interest rate.

The decision taken by Bank of Baroda to increase the repo rate three times will affect about 20 million customers associated with the bank. Let us tell you that in the last two months, the repo rate has been increased thrice by the RBI. First the central bank has increased it by 40 basis points, then by 50 basis points and once again by 50 basis points. Due to this the interest rates of the loan are getting expensive.

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BoB’s New FD Rates

• The bank has increased the interest rate on FDs maturing in 7 days to 45 days from 2.80 percent to 3.00 percent and on FDs maturing in 46 days to 180 days from 3.70 percent to 4.00 percent.
• Customers will now get 4.65 percent interest on deposits from 181 days to 270 days. It has been increased by 35 basis points.
• Customers will now get 4.65% interest on deposits maturing in 271 days and above and less than 1 year. This rate was earlier 4.40 percent.
• The interest rate on FDs maturing in 1 year has been reduced to 5.30%, which was earlier 5 percent. It has been increased by 30 bps.
• FDs maturing in more than 1 year to 2 years will continue to get an interest rate of 5.45 percent.
• Interest will continue to accrue at the rate of 5.50 percent on FDs maturing more than two years and for three years. At the same time, the interest rate on FDs maturing more than three years and up to ten years has increased from 5.35 to 5.50 percent.

Senior citizens will get this much return

Senior citizens will get 0.50 percent more interest than the normal rate on FDs maturing in 7 days and 3 years. Whereas the amount maturing in 3 to 5 years will continue to get an additional interest of 0.50 percent +0.15 percent. Deposits maturing in 5 to 10 years will get 0.50 percent +0.50 percent interest. Senior citizens will get a maximum interest rate of 6.50 percent on FDs maturing more than 5 years and up to 10 years.

The post Bank Of Baroda FD Rate: Bank of Baroda hikes interest rates on FD, will get higher returns, check latest interest rate first appeared on Rightsofemployees.com.

For this (BOB SO Recruitment 2022), BOB has sought applications for recruitment to the posts of Specialist Officer (SO). Interested and eligible candidates who want to apply for these posts (BOB SO Recruitment 2022) can apply by visiting the official website of Bank of Baroda at bankofbaroda.in. The last date to apply for these posts (BOB SO Recruitment 2022) is 12 July.

Apart from this, candidates can also apply for these posts (BOB SO Recruitment 2022) directly through this link https://www.bankofbaroda.in/career. Also, you can check the official notification (BOB SO Recruitment 2022) through this link https://www.bankofbaroda.in/-/media/Project/BOB/CountryWebsites. A total of 325 posts will be filled under this recruitment (BOB SO Recruitment 2022) process.

Important Dates for BOB SO Recruitment 2022

Start date to apply online – 22 June 2022
Last date to apply online – 12 July 2022

Vacancy Details for BOB SO Recruitment 2022

Name of the Post Grade No. of Vacancies
Relationship Manager SMG/S-IV- 75
Corporate and Institution Credit MMG/S-III- 100
Credit Analyst MMG/S-III- 100
Corporate and Institution Credit MMG/S-II- 50

Eligibility Criteria for BOB SO Recruitment 2022

Relationship Manager & Corporate & Institution (Credit) – Graduate (in any discipline) and Post Graduate Degree/ Diploma (Minimum 1 year course) with specialization in Finance.
Credit Analyst – Graduation (in any discipline) and Post Graduate degree with specialization in Finance or CA/CMA/CS/CFA.
Corporate and Institution Credit – Graduate (in any discipline) and should be CA.

Age Limit for BOB SO Recruitment 2022

Relationship Manager – 25 to 42 Years
Corporate & Institution Credit – 28 to 35 Years
Credit Analyst – 28 to 35 Years
Corporate & Institution Credit – 25 to 30 Years

Salary for BOB SO Recruitment 2022

MMGS II: Rs. 48170 x 1740 (1) – 49910 x 1990 (10) – 69180
mmgs III : Rs. 63840 x 1990 (5) – 73790 x 2220 (2) – 78230
SMG/S-IV : Rs. 76010 x 2220 (4) – 84890 x 2500 (2) – 89890

Application Fee for BOB SO Recruitment 2022

SC/ ST/ Persons with Disabilities (PWD)/ Female – Rs.100/-
Gen/OBC/EWS- Rs.600/-

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