Tuesday, 8 April 2025 Bank of Baroda has replaced its BOB Utsav fixed deposit with the new 'bob Square Drive Deposit Scheme,' featuring revised interest rates. The 444-day scheme offers 7.15% to the general public, with higher rates for senior and super senior citizens, reaching 7.80% for non-callable deposits.
The Bank of England has cut interest rates from 4.5% to 4.25%. Shadow chancellor Mel Stride reacted to the news, claiming Labour's policies have prevented higher cuts to interest rates. Report by..