Tag Bank of Baroda

Mumbai, 12th September 2024: Bank of Baroda, one of India’s leading public sector banks, inaugurated a Phygital branch at Vile Parle, Mumbai. The Phygital branch will redefine customer experience by seamlessly integrating self-service and assisted service models to meet the diverse requirements of customers. This is the Bank’s third Phygital branch launched in the country.

Shri Debadatta Chand, Managing Director & CEO, Bank of Baroda inaugurated the Phygital branch in the presence of Shri Sanjay V. Mudaliar, Executive Director, Bank of Baroda; Shri Manish Kaura, General Manager Bank of Baroda; Shri Sunil Kumar Sharma, General Manager & Zonal Head, Mumbai Zone, senior bank executives and staff members of the Zone & Region along with valued customers who were also present during the inauguration.

Bank of Baroda’s Phygital Branch is equipped with Video Contact Centre where a customer can connect with the Bank’s contact centre through a video call to receive assistance on non-financial services. It has a Self Service Kiosk where tablets are installed and customers can avail services like PAN updation, receive Account Statement through email, TDS certificate etc. The Phygital branch also has an exclusive Service Area as well as Universal Service Counters manned by branch executives to provide seamless customer service.

The Bank is targeting to launch similar such Phygital branches on a pilot basis across the country. The Phygital branch is a confluence of brick-and-mortar establishments equipped with cutting-edge technology.

Mumbai, July 16, 2024: Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of the bob Monsoon Dhamaka Deposit Scheme, a special term deposit product offering higher interest rates. The bob Monsoon Dhamaka Deposit Scheme is available in two tenor buckets – offering interest rates of 7.25% p.a. for 399 days and 7.15% p.a. for 333 days. The scheme opens on 15^th July, 2024 and is applicable on retail deposits below Rs 3 crore.

Senior citizens will earn an additional interest rate of 0.50% p.a. – 7.75% p.a. for 399 days and 7.65% p.a. for 333 days. Further, Non-Callable Deposits will get 0.15% extra (applicable on minimum deposits above Rs 1 crore to less than Rs 3 crore).

The bob Monsoon Dhamaka Deposit Scheme offers a maximum interest of 7.90% p.a for 399 Days, which includes 0.50% p.a. for senior citizens and 0.15% for non-callable deposits.

*NRE customers can avail the 399 Days bob Monsoon Dhamaka Deposit Scheme and Non-Callable Deposits less than Rs. 2.00 crore only.

Shri Sanjay Mudaliar, Executive Director, Bank of Baroda said, “Bank of Baroda is pleased to announce the bob Monsoon Dhamaka Deposit Scheme, enabling customers to earn a higher rate of interest on their savings. It also offers the flexibility to choose from two tenures. This is an opportune time for people to lock in higher returns on their deposits.”

The bob Monsoon Dhamaka Deposit Scheme can be opened online or through any of the Bank’s branches.