Bank of Baroda offers a range of attractive savings and deposit schemes to cater to the diverse needs of its customers.
Among these schemes, the Bank of Baroda Tiranga Deposit Scheme stands out as a special term deposit tailored for domestic customers seeking to grow their savings with competitive interest rates.
What is the Bank of Baroda Tiranga Deposit Scheme?
The Bank of Baroda Tiranga Deposit Scheme is a special term deposit product designed to provide domestic customers, including NRIs and NREs, with a secure and rewarding investment option.
This scheme is available for a fixed tenure of 444 or 555 days, offering attractive interest rates to help customers achieve their financial goals.
Features and Benefits of the Tiranga Deposit Scheme
The Bank of Baroda Tiranga Deposit Scheme offers several attractive features and benefits:
- Competitive interest rates: The scheme offers competitive interest rates, making it an ideal option for customers seeking higher returns on their investments.
- Flexible tenure options: The scheme is available in two tenure options, 444 days and 555 days, allowing customers to choose a period that aligns with their financial goals.
- Tax benefits: Interest earned on the scheme is eligible for tax benefits under Section 80T of the Income Tax Act, 1961.
- Safe and secure investment: Bank of Baroda is a trusted and reputable financial institution, ensuring the safety and security of customer deposits.
Who is Eligible for the Bank of Baroda Tiranga Deposit Scheme?
The Bank of Baroda Tiranga Deposit Scheme is available to all domestic customers, including individuals, non-resident Indians (NRIs), and non-resident external account holders (NREs).
How to Apply for the Bank of Baroda Tiranga Deposit Scheme?
Applying for the Bank of Baroda Tiranga Deposit Scheme is a simple process. Customers can apply through the following channels:
- Online banking: Log in to your Bank of Baroda online banking account and navigate to the “Deposits” section to apply for the scheme.
- Mobile app: Launch the Bank of Baroda mobile app and select the “Deposits” option to apply for the scheme.
- Bank branch: Visit any Bank of Baroda branch and submit an application form for the scheme.
The Bank of Baroda Tiranga Deposit Scheme is an excellent investment option for domestic customers seeking to grow their savings with competitive interest rates and tax benefits.
With its flexible tenure options and secure investment framework, the scheme offers a convenient and rewarding way to achieve financial goals.