In a major endorsement of India’s public sector banking space, Bank of Baroda (BoB) has snagged the title of ‘Best Bank in India’ at the prestigious Bank of the Year Awards 2025 ceremony, organised by The Banker magazine, a Financial Times publication.

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Let’s be real, with the huge digital push from private lenders, many people expected a different name to top the list. But BoB secured the crown based on a strict review of financial performance, technological innovation, and strategic initiatives. The thing is, this win highlights BoB’s massive efforts toward consistent growth and digital transformation.

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Quick Facts on the ‘Best Bank’

BoB emphasized that the award validates its strong focus on digital services, improved customer experience, and sustained superior financial performance.

The awards process is rigorous, with winners being judged on a variety of parameters that measure not just size, but resilience, innovation, and contribution to the overall banking sector. And then Y followed (This global recognition reinforces BoB’s commitment to building a resilient, future-ready institution)……

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Disclaimer: This information is based on the announcement by The Banker magazine for the Bank of the Year Awards 2025.

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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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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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In this, a fixed amount is deposited for a fixed period. Let us know what interest rates are being offered on FD in major banks like SBI, PNB, BoB, HDFC, ICICI and Canara Bank and how much maturity amount will be received on an investment of Rs 5 lakh.

SBI (State Bank of India) FD Interest Rates

SBI gives 7.25% interest rate to general citizens on its 444 days Amrit Vrishti FD scheme. At the same time, the interest rate on 1 year, 3 year and 5 year FD is 6.80%, 6.75% and 6.50% respectively.

• Return on investment in 1 year: For an investment of Rs 5 lakh, the maturity amount will be ₹5,34,877.
• Returns in 3 years: Maturity amount ₹6,11,196.
• Returns in 5 years: Maturity amount ₹6,90,210.

PNB (Punjab National Bank) FD Interest Rates

PNB offers 7.25% interest on its 400 days FD scheme. Interest rates on 1 year, 3 year, and 5 year FDs are 6.80%, 7%, and 6.50%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,34,877.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹6,90,210.

Canara Bank FD Interest Rates

Canara Bank offers 7.25% interest on FDs of 444 days. Interest rates on 1 year, 3 year, and 5 year FDs are 6.85%, 6.80%, and 6.70%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,35,140.
• Returns in 3 years: Maturity amount ₹6,12,099.
• Returns in 5 years: Maturity amount ₹6,97,033.

BoB (Bank of Baroda) FD Interest Rates

BoB offers 7.30% interest on 400 days FD scheme. Interest rates on 1 year, 3 year, and 5 year FDs are 6.85%, 7.15%, and 6.80%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,35,140.
• Returns in 3 years: Maturity amount ₹6,18,448.
• Returns in 5 years: Maturity amount ₹7,00,469.

HDFC Bank FD Interest Rates

HDFC Bank offers 7.40% interest on 4 years 7 months (55 months) FDs. Interest rates on 1 year, 3 year, and 5 year FDs are 6.60%, 7%, and 7%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,33,826.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹7,07,389.

ICICI Bank FD Interest Rates

ICICI Bank offers 7.25% interest on FDs of 15 months to 2 years. Interest rates on 1 year, 3 year, and 5 year FDs are 6.70%, 7%, and 7%, respectively.

• Return on Investment in 1 Year: Maturity Amount ₹5,34,351.
• Returns in 3 years: Maturity amount ₹6,15,720.
• Returns in 5 years: Maturity amount ₹7,07,389.

Bank FD is a safe and fixed income source for investors who want to grow their money without any risk. Compare interest rates before investing and choose a bank as per your need. This investment can prove to be more beneficial for senior citizens as they get additional interest.

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What can be kept in a bank locker?

• Jewellery and precious metals:
• Jewellery made of gold, silver, diamonds and other precious metals.
• Gold and silver coins or bullion (bricks).

Legal documents:

• Will, property papers, adoption related documents.
• Power of Attorney and other important documents.

Financial documents:

• Documents related to mutual funds, share certificates, tax receipts and insurance policies.

What cannot be kept in a bank locker?

Illegal items:

Weapons, explosives, drugs or other illegal items.

Perishable items:

Food and drinks that can spoil or rot over time.

Harmful Ingredients:

Any radioactive, corrosive or dangerous goods.

Cash amount:

Most of the banks do not consider cash as safe and insured, hence keeping it in the locker is not allowed.

Things to keep in mind while using a bank locker

• You are responsible for the things kept in the bank locker.
• Choose a locker as per your requirement with the correct information.
• Always follow the bank’s guidelines while using the locker.
• Make a list of every item and keep the important documents safely.
• By using the bank locker properly, you can keep your valuables safe and avoid unnecessary expenses.

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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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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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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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Now the privatization of many banks is being discussed once again. On this matter, the government has said that even today the banking sector has been recognized as a strategic sector. For some time, there has been continuous news about the privatization of banks, on which now the statement of NITI Aayog has come. On this matter, the commission has issued a list in which it has been told that which banks can be privatized by the government in the coming days. Along with this, it has also been told that privatization of which banks is not being considered at present.

Government will not privatize these banks

Let us tell you that NITI Aayog has released a list of some such banks which the government is not going to privatize. These banks are State Bank of India, Punjab National Bank, Union Bank, Canara Bank, Bank of Baroda and Indian Bank.

Know which banks will be privatized

Let us tell you that apart from the list of banks given above, the government is planning to privatize all the banks. It has also been said in the notice of NITI Aayog that all the banks which were part of the consolidation have been kept out of this list. The Finance Minister had announced that the government is planning to privatize many government banks and insurance companies. In the financial year 2022-23, the government aims to collect a total of Rs 1.75 lakh crore through disinvestment.

Government will soon privatize IDBI Bank

The government’s stake in IDBI Bank is 45.48 per cent. At the same time, LIC has 49.24 percent stake. It is believed that the government will sell some stake in IDBI Bank and LIC will sell some stake, along with the management control will also be handed over to the buyer. The government may soon sell a major stake in the bank. According to media reports, the Department of Investment and Public Asset Management (DIPAM) may soon invite bids to sell the government’s stake in IDBI Bank.

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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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The limit of all banks is different-

Let us tell you that this limit is different for the customers of all the banks. All bank customers including SBI, ICICI Bank and HDFC get different limits, through which you can transact money.

Let’s check which bank’s UPI Limit –

If you are an SBI customer, you can do a transaction of Rs 1 lakh through UPI in a day.
HDFC Bank customers can also do transactions up to Rs 1 lakh, but for new customers this limit is only Rs 5000.
ICICI Bank customers can do UPI transactions up to Rs 10,000, but for Google Pay users this limit is Rs 25,000.
Bank of Baroda customers can do transactions up to Rs 25,000.
Apart from this, Axis Bank customers can do transactions up to Rs 1 lakh.

RBI is making this plan-

Let us tell you that now RBI is making a new plan regarding UPI payment. The National Payments Corporation of India (NPCI) is preparing to limit the volume cap of the country’s Third Party App Providers (TPAP) to 30 percent. Talks are going on with the Reserve Bank of India in this regard.

Only after the approval of RBI, companies like Phone Pay, Google Pay and Paytm will be able to fix its limit, due to which customers may have to face problems in the beginning. However, how much limit will be imposed on this is not yet decided.

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4 banks have merged

Let us tell you that in August 2019, 4 out of 10 banks were merged by the government, after which the number of public sector banks in the country has come down from 27 to 12. At present, there is no planning regarding the privatization of these banks. Giving opinion, the Finance Ministry has said that all these banks should be kept out of privatization.

These 6 banks will not be privatised

. In the list issued by NITI Aayog, it has been told that Punjab National Bank, Union Bank, Canara Bank, SBI, Bank of Baroda and Indian Bank are included. The government has told that these 6 banks will not be privatised. According to the information received from the government official, all those who were part of the government bank consolidation have been kept out of privatization.

Finance Minister Nirmala Sitharaman had announced in the budget

Giving information, Finance Minister Nirmala Sitharaman had said in her budget speech that a plan is being made to privatize 2 government banks and a general insurance company. At present, the government had set a disinvestment target of Rs 1.75 lakh crore for the financial year 2022.

The process of integration has not been completed

According to the information received from the consolidation plan made in the year 2019, the merger of many banks has been done by the government, but the process of their integration is still pending, which can be completed soon.

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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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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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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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