Question
Which of the public sector bank had launched the Tiranga
Deposit Scheme, it is a special term deposit product which offers higher interest rates on retail deposits below Rs 2 crore?Solution
Baorda Tiranga Deposit Scheme- Bank of Baroda launched the Baroda Tiranga Deposit Scheme. This is a special term deposit product which offers higher interest rates on retail deposits below Rs 2 crore.Available in two tenor buckets of 444 days and 555 days.The Baroda Tiranga Deposits offers an interest rate of 5.75 per cent p.a. in the former duration while it yields 6 per cent interest rate p.a. in the latter tenure. The scheme opens today i.e. August 16, 2022 and will run till December 31, 2022.
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