Bank of Baroda (BoB), has launched two new savings bank schemes namely Baroda Mahila Shakti Savings Account and Baroda Senior Citizen Privilege Savings Account.
The schemes were launched by the bank’s Managing Director (MD) and Chief Executive Officer (CEO) P S Jayakumar and Executive Director (ED) Shanti Lal Jain on Friday.
Apart from it, the bank also introduced “Baroda Samriddhi Deposit Scheme”- a fixed deposit product for 444 days offering high interest rates of 7.15%. However, Senior citizens will get benefit of additional interest rate of 0.50% on deposit under captioned scheme.
In a function organised on this occasion, General Manager, Liabilities & Deposit Mobilsation, OL& LRC, Dr Jawahar Karnavat briefed the USP’s and benefits of the products to customers present.
Executive Director, Shanti Lal Jain, speaking on the occasion said that special benefits and privileges such as discounts on locker rentals, waivers in loan processing charges and premium variants of debit card to name a few have been bundled in the products developed for women and senior citizens .
Senior executives of the Bank were also present in the launch event.