Bengaluru : 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% |
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