Bank of Baroda launches new fixed deposit scheme; offers higher FD interest rates of up to 7.9%
Latest Bank of Baroda FD interest rates: Bank of Baroda has recently revised the interest rates for its fixed deposits on specific deposits and unveiled a fresh deposit scheme called the Bob Utsav Deposits Scheme, providing increased interest rate...
By Sneha Kulkarni, ET Online |
ET Online
Bank of Baroda recently updated its fixed deposit interest rates on select deposits and introduced a new deposit option called the Bob Utsav Deposits Scheme, which offers higher interest rates to its customers. These new rates came into effect on October 14, 2024.
The scheme offers 7.30% for general citizens, 7.80%* to senior citizens and 7.90%$ for super senior citizens. (* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years))
Get up to 9% FD interest rate: Which bank is offering the highest fixed deposit interest rate in October?
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, # incl. additional ROI of 0.50+0.10 (reduced from 0.15%) for RTD above 3 Years and upto 5 Years w.e.f 14.10.2024, **incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens and $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)].
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years).
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, # incl. additional ROI of 0.50+0.10 (reduced from 0.15%) for RTD above 3 Years and upto 5 Years w.e.f 14.10.2024, **incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens and $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)
bob Utsav Deposits Scheme
The scheme offers 7.30% for general citizens, 7.80%* to senior citizens and 7.90%$ for super senior citizens. (* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years))
Get up to 9% FD interest rate: Which bank is offering the highest fixed deposit interest rate in October?
Latest Bank of Baroda FD interest rate
Following the revision, the bank will provide general citizens with FD interest rates ranging from 4.25% to 7.30% (including special deposit) for deposit periods of 7 days to 10 years and amounts below Rs 3 crore for callable deposits. For senior citizens, the bank offers an interest rate between 4.75% to 7.80%.Domestic Term Deposits including NRO Deposits below Rs 3 crore, ROI in % [Fresh & Renewal] - (w.e.f 14-10-2024)
| Tenors | Residents / General Public (%) | Resident Indian Sr. Citizen (%) | Resident Super Senior Citizen (%) |
| 7 days to 14 days | 4.25 | 4.75* | 4.75* |
| 15 days to 45 days | 4.5 | 5.00* | 5.00* |
| 46 days to 90 days | 5.5 | 6.00* | 6.00* |
| 91 days to 180 days | 5.6 | 6.10* | 6.10* |
| 181 days to 210 days | 5.75 | 6.25* | 6.25* |
| 211 days to 270 days | 6.25 | 6.75* | 6.75* |
| 271 days & above and less than 1 year | 6.5 | 7.00* | 7.00* |
| 1 year | 6.85 | 7.35* | 7.35* |
| Above 1 year to 400 days (except 400 Days) | 7 | 7.50* | 7.60 $ |
| Above 400 days and upto 2 Years | 7 | 7.50* | 7.60 $ |
| Above 2 Years and upto 3 Years | 7.15 | 7.65* | 7.75 $ |
| Above 3 Years and upto 5 Years | 6.8 | 7.40 # | 7.50 $ |
| Above 5 Years and upto 10 Years | 6.5 | 7.50** | 7.50** |
| Above 10 years (MACT/MACAD | |||
| Court Order schemes only) | 6.25 | 6.75* | 6.75* |
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, # incl. additional ROI of 0.50+0.10 (reduced from 0.15%) for RTD above 3 Years and upto 5 Years w.e.f 14.10.2024, **incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens and $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)].
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years).
bob earth Green Term Deposits - Domestic & NRO Deposits below Rs 3 crore, ROI in % [Fresh & Renewal] - (w.e.f 14-10-2024)
| Tenure of Green Deposit | Resident/General Public/NRO/NRE (%) | Resident Indian Sr. Citizen (%) | Resident Indian Super Sr. Citizen (%) |
| 12 months | 6.8 | 7.30* | 7.30* |
| 1.5 years | 6.95 | 7.45* | 7.55 $ |
| 777 days | 7.1 | 7.60* | 7.70 $ |
| 1111 days | 6.75 | 7.35# | 7.45 $ |
| 1717 days | 6.75 | 7.35# | 7.45 $ |
| 2201 days | 6.45 | 7.45** | 7.45** |
(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, # incl. additional ROI of 0.50+0.10 (reduced from 0.15%) for RTD above 3 Years and upto 5 Years w.e.f 14.10.2024, **incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens and $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)
Punjab National Bank offers fixed deposit interest rates between 3.50% to 7.25% for tenure ranging from 7 days to 10 years for general citizens.
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