πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!


    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?
    A Central Bank of India Correct Answer Incorrect Answer
    B Union Bank of India Correct Answer Incorrect Answer
    C Bank of Baroda Correct Answer Incorrect Answer
    D State Bank of India Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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.

    Practice Next

    Relevant for Exams:

    ask-question