Hans Business Hyderabad

Bankof Baroda (BoB) has announced that it is offering higher interest rates of up to 6.25 per cent p.a.to Non-Resident Indians (NRIs) under the ‘bob Legend FCNR(B) Deposit Scheme’.

The bank is offering 6.25 per cent interest rates on US Dollar deposits, 4.75 per cent on British Pound Sterling (GBP) and Australian Dollar (AUD) deposits, 5.15 per centp.a. on Canadian Dollar (CAD) deposits and 3.75 per centp.a. on Euro (EUR) deposits.

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 maximisetheir returns.