New Deposit

Bank of Baroda has increased its interest rate to 9.5 % on Fixed Deposits. This is a unique scheme which offers higher interest rates to customer for a short period of one year. The major attraction is that the scheme provides for investing for any amount as low as Rs.1000 and there is no lock-in period. The scheme takes effect from 18.05.07.Senior Citizens will get an additional 0.5% on fixed deposits under the scheme i.e.10 % p.a. Dena Bank launched a new Deposit scheme " Dena Diamond Deposit Scheme" to mark its 70th Foundation Day on 26th May 2007. The new scheme offers the depositors an opportunity to earn higher interest rate of 9.60 percent for deposits of maturity period of 700 days. The senior citizens will get 10.10 percent interest in this scheme. The minimum amount of deposit is Rs.10,000/-.The scheme also has a special feature of part withdrawal in multiples of Rs.5000/-.