The Bank of Baroda has hiked the interest rates on fixed deposits up to Rs 2 crore, effective from May 12, 2023. The bank is now offering a maximum interest rate of 7.25% for the general public, while senior citizens can earn up to 7.75% on their fixed deposits.
Bank Of Baroda Latest FD Rates
Under the new revised interest rates, Bank of Baroda is offering a 3% interest rate on deposits maturing between seven and 45 days, and a 4.5% interest rate on deposits maturing between 46 and 180 days. Deposits maturing between 181 and 210 days will also earn an interest rate of 5.25%. Fixed deposits maturing between 211 days and less than one year will earn an interest rate of 5.75%.
For deposits maturing between one and two years, Bank of Baroda is offering an interest rate of 6.75%. The bank is also offering an interest rate of 7.05% on FD tenures of above two years and up to three years, which is an increase from the earlier interest rate of 6.75%. Fixed deposits maturing between three and ten years will earn an interest rate of 6.50%.
Bank of Baroda is offering the highest interest rate of 7.25% on its special deposit scheme called Baroda Tiranga Plus Deposit Scheme for a tenure of 399 days.
Indian Resident senior citizens can earn upto 7.75% interest rates on Baroda Tiranga Plus Deposit Scheme which is for a tenure of 399 days
This increase in interest rates is expected to attract more investors to Bank of Baroda's fixed deposit schemes.
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