Bank of Baroda latest to lower rates on FDs

Mumbai: Bank of Baroda has withdrawn its BOB Utsav fixed deposit scheme and launched a new retail term deposit-bob Square Drive Deposit Scheme-offering lower interest rates. The new 444-day scheme offers 7.15% for the general public, 7.65% for senior citizens, and 7.75% for super senior citizens. For non-callable deposits, the rate goes up to 7.80%. The earlier BOB Utsav scheme, launched in Oct 2024 during the festive season, offered a 400-day deposit with higher rates.