FD Rates: Bank Of Baroda is offering the best returns on FD amongst public sector banks to the customers. Recently, BOB hiked the interest rates on FDs of less than one year. The Public sector bank is offering an interest rate of 4.25 per cent instead of 3 per cent on FD of 7 to 14 days. The bank offering 5.50 percent interest on FD of 90 days.
The new interest rates on FDs have been implemented from 29 December 2023. Below are the details of the revised interest rate on FDs.
Read More: Indian Overseas Bank unveils savings account portability facility
Bank Of Baroda Revised Interest Rate On Fds
7 days to 14 days – The bank is offering 4.25 percent for common persons and 4.75 percent for senior citizens
15 days to 45 days- The bank is offering 4.50 percent for common persons and 5 percent for senior citizens
46 days to 90 days – The bank is offering 5.50 percent for common persons and 6 percent for senior citizens
91 days to 180 days – The bank is offering 5.60 percent for common persons and 6.10 percent for senior citizens
181 days to 210 days – The bank is offering 5.75 percent for common persons and 6.25 percent for senior citizen
Read More: Green Deposits: RBI Releases Latest Guidelines For Banks, NBFCs
211 days to 270 days – The bank is offering 6.15 percent for common persons and 6.65 percent for senior citizens
271 days and above and less than 1 year – The bank is offering 6.25 percent for common persons and 6.75 percent for senior citizens
365 days (1 year) – The bank is offering 6.85 percent for common persons and 7.35 percent for senior citizens
1 year to more than 400 days – The bank is offering 6.75 percent for common persons and 7.25 percent for senior citizens
More than 400 days and up to 2 years – The bank is offering 6.75 percent for common persons and 7.25 percent for senior citizens
Above 2 years and up to 3 years – The bank is offering 7.25 percent for common persons and 7.75 percent for senior citizens
Above 3 years and up to 5 years – The bank is offering 6.50 percent for common persons and 7.0 percent for senior citizens
More than 5 years to 10 years – The bank is offering 6.50 percent for common persons and 7.0 percent for senior citizens
Read More: India’s Forex Reserves Rose By USD 58 Billion Cumulatively In 2023
Baroda Tricolour Plus Deosit Scheme
Maturity Period- 399 days
Interest Rate– For general public: 7.16 percent; For senior citizens: 7.65 percent