Mumbai : Bank of Baroda, India’s International Bank, is offering higher interest
rates up to 6.25% p.a. to Non-Resident Indians (NRIs) under the ‘bob
Legend FCNR(B) Deposit Scheme’.
Under the new ‘bob Legend FCNR(B) Deposit Scheme’, the
Bank is offering interest rates of up to 6.25% p.a. on US Dollar (USD)
deposits, 4.75% p.a. on British Pound Sterling (GBP) and Australian Dollar (AUD)
deposits, 5.15% p.a. on Canadian Dollar (CAD) deposits and 3.75% p.a. on Euro (EUR)
deposits.
Bank of Baroda continues to be the preferred banking partner for
the global Indian diaspora through its extensive international footprint.
Further, NRIs can benefit from the dual advantages of wealth
creation and liquidity by availing of the hassle-free overdraft/loan facility
against FCNR(B) deposits, providing enhanced financial flexibility while
enabling them to maximise their returns.
Interest
Rates (% p.a.) on
the bob Legend FCNR(B) Deposit Scheme
|
Maturity
Period |
USD |
GBP |
EUR |
AUD |
CAD |
|
3 years
to < 4 years |
6.00% |
4.60% |
3.50% |
4.60% |
5.00% |
|
4 years
to < 5 years |
6.10% |
4.65% |
3.65% |
4.65% |
5.10% |
|
5 years
only |
6.25% |
4.75% |
3.75% |
4.75% |
5.15% |