Bank of Baroda raises FD interest rates

Bank of Baroda has increased the interest rates on Fixed Deposit (FD) to amounts below Rs 2 crore. The bank has raised interest rates on fixed deposits by up to 35 basis points across periods. The new interest rates are effective from 28 July 2022, according to the Bank of Baroda website.

Bob’s Fixed Deposit Interest Rates

The bank raised the interest rate on fixed deposits maturing within 7 days to 45 days from 2.80 percent to 3.00 percent. The bank is now offering 4 percent on term deposits maturing in 46 days to 180 days from 3.70 percent.

It will now offer an interest rate of 4.65 percent, up from 4.30 percent, and a 35 basis point increase, on deposits maturing in 181 days to 270 days, and an interest rate of 4.65 percent, up from 4.40 percent, a 25 basis point increase on deposits that are Due in 271 days or more and less than a year.

Deposits due in one year will now have an interest rate of 5.30 percent, compared to 5 percent earlier. While the interest rate on time deposits with a maturity of more than three years and up to 10 years increased from 5.35% to 5.50%.

Fixed deposits maturing over one to two years are kept unchanged and will continue to earn an interest rate of 5.45 percent.

FD interest rate for elderly citizens

Bank of Baroda offers 3.50% to 6.50% for seniors.

BoB-Senior-fd-july

Note: (* including 0.50% incremental ROI, ** including 0.50% incremental ROI + 0.50%, # including 0.50% incremental ROI + 0.15%)

An asterisk indicates that deposits maturing in the next seven to three years will receive an additional rate of 0.50 percent, deposits maturing in the next three to five years will receive an additional ROI of 0.50 percent plus 0.15 percent, and deposits that mature in the next three to five years With maturities the next five to ten years you will receive an additional ROI of 0.50 percent plus 0.50 percent.

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