Interest rates

This bank raises FD interest rates, know the new FD rate

Bank of Baroda raised interest rates on fixed deposits (FD). The bank said the raised rates were fixed from March 22, 2022. The bank raised the interest rate on fixed deposits (FD) by Rs 2 crore less than Rs 2 crore by 0.10%. For example, the bank used to offer an interest rate of 5.25% on an amount below Rs 2 crore with a period of 3 years and 10 years, which has now been increased to 5.35%.

New Bank of Baroda FD Rates:-
On FDs with a maturity of 7 to 14 days – 2.80%
On FDs with a maturity ranging from 15 to 45 days – 2.80%
On FDs with a maturity of 46 to 90 days – 3.70%
On FDs with a maturity ranging from 91 to 180 days – 3.70%
On FDs with a maturity of 181 to 270 days – 4.30%
On FDs with a maturity greater than 270 days and less than 1 year – 4.40%
On FDs with maturity up to 1 year – 5.0%
On FDs with a maturity of 1 year to 400 days – 5.2%
On FDs with a maturity ranging from 400 days to 2 years – 5.2%
On FDs with a maturity of 2 years to 3 years – 5.2%
On FDs with a maturity of 3 years to 5 years – 5.35%
On FDs with a maturity of 5 years to 10 years – 5.35%

At the same time, all banks, including the Bank of Baroda, give an additional 0.50% interest on time deposits to senior citizens. Bank of Baroda also grants an additional 0.50% to senior citizens on FDs with a maturity of over Rs 2 crore and up to 3 years. At the same time, on the amount of maturity greater than 3 years, it gives them 0.65% more maturity.

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