Bank of Baroda Fixed Deposit Interest Rate vs SBI vs Bandhan Bank FD: Fixed Deposit account provides liquidity in hands of depositors by allowing them the freedom to withdraw their money at any time while also earning interest on deposits for certain fixed tenures. Some FDs have lock-in periods. Additionally, there is a Rs 5 lakh deposit insurance guarantee on bank fixed deposit interest rates. Here’s a look at the Bank of Baroda Fixed Deposit Interest Rate and it compares to SBI and Bandhan Bank FDs.
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Bank of Baroda (BOB) Fixed Deposit Interest Rate
Bank of Baroda is currently providing up to 6% for callable deposits of up to 555 days while for senior citizens the bank is offering 6.5% interest under the Baroda Tiranga Deposit Scheme.
BOB FD – For Domestic & NRO Term Deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %) – Below Rs. Two Crore
Baroda Tiranga Deposit Scheme
Bank of Baroda launched the Tiranga Deposit Scheme to celebrate the completion of 75 years of Independence.
BoB FD: For Domestic Term Deposits Below Rs 2.00 Crores – Resident Senior Citizens [Fresh & Renewal] [Callable]
Read More: Kotak Mahindra Bank hikes interest rates on fixed deposits under 2 crore, check details
Bandhan Bank Fixed Deposit Interest Rate
Bandhan Bank is providing up to 7.5% interest to senior citizens and 7% to others for deposits below Rs 2 crore. This interest can be availed on deposits of 1 year to 5 years.
Bandhan Banks senior citizen fixed deposit interest rate applies only to Resident Indians and do not apply to NRIs. Senior citizens are required to submit age proof to avail the senior citizen rates.
State Bank of India (SBI) Fixed Deposit Interest Rate
The State Bank of India (SBI) revised the domestic fixed deposit rates with effect from 13th August 2022. (Check SBI FD Calculator). The largest public sector bank is currently offering up to 5.65% interest to depositors for 5 to 10 years tenors. For senior citizens the bank is offering up to 6.45% interest.
SBI also offers an FD of “1000 days” at 6.10 % with effect from 15th August 2022
