Bank of Baroda has raised interest rates on fixed deposits (FDs). The bank said the hiked rates have been fixed from March 22, 2022. The bank has hiked the interest rate on fixed deposits (FDs) of Rs 2 crore less than Rs 2 crore by 0.10 per cent. For example, the bank used to offer an interest rate of 5.25 per cent on an amount of less than Rs 2 crore with a period of 3 years and 10 years, which has now been increased to 5.35 per cent.
Bank of Baroda's new FD rates:-
On FDs with maturity of 7 to 14 days - 2.80 percent
On FDs with maturity ranging from 15 to 45 days - 2.80 percent
On FDs with maturity from 46 to 90 days - 3.70 percent
On FDs with maturity ranging from 91 to 180 days - 3.70 percent
On FDs with maturity from 181 to 270 days - 4.30 per cent
On FDs with maturity greater than 270 days and less than 1 year - 4.40 percent
On FDs with maturity up to 1 year - 5.0 percent
On FDs with maturity from 1 year to 400 days - 5.2 percent
On FDs with maturity ranging from 400 days to 2 years - 5.2%
On FDs with maturity from 2 years to 3 years - 5.2%
On FDs with maturity from 3 years to 5 years - 5.35%
On FDs with maturity from 5 years to 10 years - 5.35 percent
At the same time, all the banks, including Bank of Baroda, give 0.50 per cent more interest on fixed deposits to senior citizens. Bank of Baroda also gives 0.50 per cent additional amount to senior citizens on FDs with a maturity of more than Rs 2 crore and up to 3 years. At the same time, on the amount of maturity more than 3 years, he gives them 0.65 percent more maturity.
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