Bank of Baroda hikes FD interest rates by up to 20 bps
Bank of Baroda has increased fixed deposit (FD) interest rates for balances less than Rs 2 crore. Fixed deposit interest rates have been raised by up to 20 basis points (bps) on select tenor.
Bank of Baroda has increased interest rates of fixed deposits (FD) for amounts less than Rs 2 crore. The bank has hiked fixed deposit interest rates by up to 20 basis points (bps) across tenors. The new interest rates are effective from September 13, 2022, according to the Bank of Baroda website.
BOB fixed deposit interest rates Bank of Baroda has hiked FD interest rate on tenures over one year. The interest rate on deposits with a one-year maturity date has increased from 5.30 percent to 5.50 percent, an increase of 20 basis points (bps). For tenure above 1 year to 2 years, interest rate has been hiked to 5.50 from 5.45 percent.
Baroda Tiranga Deposit Scheme ROI The Baroda Tiranga Deposit Scheme, a term deposit product with higher interest rates, has been introduced by Bank of Baroda. The new program is applicable to retail deposits under Rs 2 crore, and it goes into effect on August 16 and lasts through December 31, 2022.
