Bank of Baroda, one of India’s largest public sector banks, has recently adjusted its fixed deposit interest rates, particularly for bulk deposits exceeding Rs 2 crore.
This change, effective from June 7, 2024, aims to provide competitive returns to its depositors.
Enhanced Interest Rates for Specific Time Periods
Rise in Interest Rates for 46 to 90 Days FDs
The bank has raised the interest rates by 0.25 percent specifically for fixed deposits with maturity periods ranging from 46 days to 90 days.
This adjustment is intended to attract more investors and provide better returns within this time frame.
Updated Interest Rates on BOB FDs
Here are the latest interest rates applicable to Bank of Baroda fixed deposits:
7 days to 14 days: 5% for general public; 5% for senior citizens
15 days to 45 days: 5% for general public; 5% for senior citizens
46 days to 90 days: 6% for general public; 6% for senior citizens
91 days to 180 days: 5.75% for general public; 5.75% for senior citizens
181 days to 210 days: 6.50% for general public; 6.50% for senior citizens
211 days to 270 days: 6.75% for general public; 6.75% for senior citizens
271 days and above and less than 1 year: 6.75% for general public; 6.75% for senior citizens
1 year: 7.45% for general public; 7.45% for senior citizens
More than 1 year to 400 days: 6.85% for general public; 6.85% for senior citizens
Above 2 years and up to 3 years: 6.50% for general public; 6.50% for senior citizens
Above 3 years and up to 5 years: 6.00% for general public; 6.00% for senior citizens
Above 5 years to 10 years: 5% for general public; 5% for senior citizens
Investors can now take advantage of these revised rates to maximize their savings with Bank of Baroda fixed deposits.
