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.

The post Bank Customers Alert! This service of Bank of Baroda will remain closed for 6 hours tonight first appeared on Rightsofemployees.com.

The day marks the birth anniversary of Rabindranath Tagore, the famous Bengali poet, novelist, dramatist, scholar, humanist, philosopher and Nobel laureate. Banks are going to remain closed on Tuesday in the area coming under Kolkata circle. However, work related to net banking and ATM can be done. Banks will remain open today in rest of the states in the country.

Bank Holidays in May 2023

May 9 (Tuesday): Rabindranath Tagore’s birthday – All banks will remain closed in West Bengal.

May 13: Second Saturday

May 14: Sunday

16 May (Tuesday): Statehood Day – Sikkim

May 21: Sunday

May 22 (Monday): Maharana Pratap Jayanti – Gujarat, Haryana, Himachal Pradesh, Punjab, Rajasthan

May 24 (Wednesday): Kazi Nazrul Islam Jayanti – Tripura

May 27: Fourth Saturday

May 28: Sunday

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Explain that since the decision of the Reserve Bank of India to increase the repo rate, banks are continuously increasing their FD rates, Saving Bank Account and RD Rates. Now the name of Bank of Maharashtra and Punjab and Sind Bank has also been included in this list.

RBI increased FD rates thrice for three months Let us tell you that Reserve Bank of India is continuously increasing its repo rate to control inflation in the country. In the months of May and June, the central bank increased the repo rate. At present the repo rate is 5.40%.

Due to the increase in the Repo Rate, customers are getting a higher interest rate on deposits, but at the same time the interest rate on loans is increasing. This is also increasing the EMI burden on the customers. Let us give you information about the latest FD rates of Bank of Maharashtra and Punjab and Sind Bank.

Bank of Maharashtra’s interest rate on FD less than Rs 2 crore-

• 7-30 days- 2.75%
• 31-45 days- 3.00%
• 46-90 days- 3.50%
• 91-119 days- 3.75%
• 120-180 days- 3.90%
• 181-270 days- 4.25%
• 271-364 days – 5.00%
• 1 year – 5.40%
• 1-2 years – 5.40%
• 2-3 years – 5.40%
• 3-5 years – 5.40% Above
• 5 years – 5.40%

Interest rate on FD of less than Rs 2 crore in Punjab and Sindh-

• Up to 7-14 days- 2.80%
• 15-30 days- 2.80%
• 31-45 days- 3.00%
• 46-90 days- 3.80%
• 91-120 days- 3.95%
• 121-150 days- 4.00%
• 151-179 days- 4.00%
• 180-269 days – 4.50%
• 270-364 days – 4.65% up to
• 1-2 years – 5.65%
• 2-3 years – 5.80%
• 3 years to 5 years – 5.75%
• 5 to 10 years – 5.75%

The post FD Rates Increased: Public sector banks released new list of FD rates, Know how much increased first appeared on Rightsofemployees.com.