There are many big banks in our country, out of which one public bank is Bank of Baroda, on 15th July 2024, Bank of Baroda launched BoB Monsoon Dhamaka Deposit Scheme 2024 to provide higher interest rate to the low and middle-income earning citizens of the country on depositing some amount of their earnings in the bank, which is a special fixed deposit product with high interest rates.
Under this scheme, the Bank of Baroda has prescribed two types of plans which are for 399 days at an interest rate of 7.25% per annum and 333 days at an interest rate of 7.15% per annum. Today through this article you will be able to get complete information about BoB Monsoon Dhamaka Deposit Scheme 2024 Interest Rate, Benefits, Features, Current FD Rates, Eligibility, Etc. So stay connected with this article till the end and get complete information about BoB Monsoon Dhamaka Deposit Scheme.
BoB Monsoon Dhamaka Deposit Scheme 2024
The country’s public sector lender Bank of Baroda launched BoB Monsoon Dhamaka Deposit Scheme on 15 July 2024, through which the interest rate on fixed deposits of less than Rs 3 crore has been increased. Through this scheme, the citizens of the country who deposit their earned amount in their bank account for 399 days and 333 days according to the monsoon season, then they will be provided an interest rate of 7.15% per annum to 7.25% per annum by the bank.
With the launch of this scheme, Bank of Baroda customers will be able to get higher interest rates by depositing the savings amount from their earned amount in this bank. To get the high interest rates available under this scheme, Bank of Baroda customers will have to visit its official website www.bankofbaroda.in, and get information and deposit the amount in their account as per the plan.
Key Details Of BoB Monsoon Dhamaka Deposit Scheme
| Name Of Scheme | BoB Monsoon Dhamaka Deposit Scheme |
| Started By | By Bank Of Baroda |
| Objective | Offering higher interest rates to its customers |
| Start Date | 15 July 2024 |
| Current FD Rates | 7.15% per annum to 7.25% per annum |
| Eligibility | Customers with retail deposits of less than Rs 3 crore |
| Mode | Online |
| Year | 2024 |
| fixed term plans | 333 Days Plan Or 399 Days Plan |
| Official Website | www.bankofbaroda.in |
Objective Of BOB FD Scheme 2024
The main objective of launching the BoB Monsoon Dhamaka Deposit Scheme by the Bank of Baroda is to encourage its customers to deposit their savings amount in the bank and get good interest rates and increase their savings amount increasing their savings amount further. In this scheme, the option of choosing between two tenures has been given, from which the customers can choose as per their wish and get the benefit.
Bob Monsoon Dhamaka Deposit Scheme Interest Rate
Here are the details of interest rates and tenure as per the plan offered under the Bob Monsoon Dhamaka Deposit Scheme launched by the Bank of Baroda on 15th July 2024.
| Scheme Name | Interest Rate |
| 333 Days Bob Monsoon Dhamaka Deposit Scheme | 7.15 Percent |
| 399 Days Bob Monsoon Dhamaka Deposit Scheme | 7.25 Percent |
Benefits Of Monsoon Dhamaka Deposit Scheme
The details of the benefits that customers will get from the Bob Monsoon Dhamaka Deposit Scheme launched by the Bank of Baroda are as follows.
- Bank customers will get high interest rates on depositing their savings.
- Senior citizens will get a 7.75% annual interest rate for 399 days and a 7.65% annual interest rate for 333 days.
- With the launch of the scheme, the income of the bank customers will increase.
- Customers will be encouraged to deposit their savings in the bank, which will save them money.
- The benefit of the scheme will be given on deposits of less than Rs 3 crore.
The Process to Get Bob Monsoon Dhamaka Deposit Scheme Interest Rate
If you are a Bank of Baroda customer and want to avail of the increase under the Bob Monsoon Dhamaka Deposit Scheme Interest Rate, then follow this procedure and avail the benefits.
- First of all, visit your nearest Bank of Baroda branch.
- Get information about Bob Monsoon Dhamaka Deposit Scheme from the employees present there.
- Now, provide your bank account number and deposit the amount in it as per your selected plan.
- Get the receipt for the amount deposited.
- Now, you will soon be paid the new interest rates.
| Official Website | Click Here |
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