Bank of Baroda has revised the interest rates for its fixed deposits. The interest rates for domestic bulk FDs, ranging from Rs 3 crore to Rs 10 crore, have been reduced.
The bank has also changed the interest rates for NRO and NER deposits, ranging from Rs 10 crore to Rs 1000 crore.
New FD Interest Rates for Bulk Deposits
Rs 3 crore to Rs 10 crore: The bank now offers interest rates between 5% and 7.45%. This rate is the same for both general and senior citizens.
Rs 10 crore to Rs 1000 crore: The interest rate ranges from 4.50% to 7.75%.
Interest Rates by Tenure for Deposits Less Than Rs 10 Crore
Here are the interest rates offered by Bank of Baroda for various FD tenures:
7 to 14 days: 5%
15 to 45 days: 5%
46 to 90 days: 5.75%
91 to 180 days: 5.75%
181 to 210 days: 6.5%
211 to 270 days: 6.75%
271 days to less than 1 year: 6.75%
1 Year: 7.45%
1 year to more than 400 days: 6.85%
Above 2 years and up to 3 years: 6.5%
Above 3 years and up to 5 years: 6%
Above 5 years and up to 10 years: 5%
Interest on Fixed Deposits Less Than Rs 3 Crore
For FDs under Rs 3 crore, Bank of Baroda offers interest rates ranging from 4.25% to 7.15%. Senior citizens receive an additional 0.50% interest. The highest interest is offered for tenures above 2 years and up to 3 years.
The highest interest is available for tenures between 2 to 3 years, offering 6.5%.
