Public sector lender, Bank of Baroda (BoB) has revised rates of interest on mounted deposits (FDs) with impact from 22 March. After this revision, Bank of Baroda’s newest FD rates of interest ranges from 2.80% to five.55% for maturities between 7 days and 10 years. Bank of Baroda offers an rate of interest of two.80% on FDs maturing in 7 days to 45 days. For maturity intervals 46 days to 180 days and 181 days to 270 days, BoB offers an rate of interest of three.7%, 4.30% respectively. On FDs maturing in 271 days or extra however lower than 1 12 months, it’s 4.4%
For deposits maturing in a single 12 months, it’s 5%.
Bank of Baroda will give 5.1% on deposits above 1 12 months and as much as three years. Bank of Baroda is providing the very best fee of 5.35% on FDs with a tenure of above 3 years and as much as 10 years.
Bank of Baroda newest FD rates of interest for normal public
7 days to 14 days 2.80
15 days to 45 days 2.80
46 days to 90 days 3.70
91 days to 180 days 3.70
181 days to 270 days 4.30
271 days & above and fewer than 1 12 months 4.40
1 12 months 5.00
Above 1 12 months to 400 days 5.10 5.2
Above 400 days and upto 2 Years 5.10 5.2
Above 2 Years and upto 3 Years 5.10 5.2
Above 3 Years and upto 5 Years 5.25 5.35
Above 5 Years and upto 10 Years 5.25 5.35
Above 10 years (for MACT/MACAD
Court Order schemes solely) 5.10
Bank of Baroda hikes mounted deposit charges for senior residents
The financial institution provides a particular rate of interest on FD for senior residents. Senior residents get a further curiosity of 0.50% on home time period deposits of lower than ₹2 crore for all tenors.
ICICI Bank too hiked rates of interest on mounted deposits by 5-10 foundation factors on above ₹2 crore to ₹5 crore on varied tenure. The new charges have come into impact from March 22 onward.
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