Bank of Baroda has increased the interest rates of Fixed Deposit (FD). Customers can easily compare with SBI, HDFC Bank, ICICI Bank.
If you are planning to invest in bank FD, then you have a good chance now because Bank of Baroda has recently increased its FD interest rates by 30 basis points. These increased interest rates have been implemented from May 12 on FDs of less than Rs 2 crore. Apart from this, the bank has also increased the interest rates on Baroda Tricolor Plus Deposit Scheme.
In the 399-day Baroda Tricolor Plus Deposit scheme, customers are being given interest of up to 7.90% per annum. Which includes 0.50% per annum interest rate for senior citizens. After the new hike, Bank of Baroda is offering interest rates ranging from 3% to 7.25% to general customers and 3.5% to 7.75% to senior citizens.
SBI FD interest rates
Between 7 days to 10 years in SBI FD, general customers will get 3% to 7.1% interest. Senior citizens will get 50 basis points (bps) interest separately on these FDs. The interest rate offered by India’s largest lender State Bank of India on FD schemes of one year to less than two years is 6.8 percent. SBI’s interest rate on deposits ranging from two years to less than three years is 7 percent.
HDFC Bank FD interest rates
With HDFC Bank FD, you can invest your money anywhere between 7 days to 10 years and earn interest on the deposited amount. You can earn interest rates ranging from 3% to 7.1% per annum. At the same time, senior citizens are taking advantage of an additional interest rate of 0.50% per annum. Because senior citizens are getting 3.5% to 7.6% interest for 7 days to 5 years.
ICICI Bank FD Interest Rates
In ICICI Bank FD, general customers will get 3.00% and 7.10% annual interest between 7 days to 10 years. Senior citizens will get 3.50% and 7.60% interest annually. The duration of this scheme is from 7 days to 10 years.