Bank of Baroda has once again increased the interest rates on FDs. Now investors are being given a maximum interest of 7.55 percent on getting FDs in the bank.
BOB FD Rates: FD interest rates have been increased by 25 basis points or 0.25 percent from the public sector Bank of Baroda. This increase has been done on FDs of less than two crores. After this, interest ranging from 3.00 percent to a maximum of 7.05 percent is being given by the bank to general investors on FDs of different durations. At the same time, senior investors are getting interest ranging from 3.50 percent to a maximum of 7.55 percent.
According to the information given on the bank’s website, the new interest rates have come into effect from March 17, 2023. You can take advantage of the new interest rates by visiting the bank branch or online.
Interest rate on FD for general investors
- 7 days to 45 days – 3.00%
- 46 days to 180 days – 4.50%
- 181 days to 210 days – 5.25 percent
- 211 days to less than one year – 5.75 percent
- More than 1 year to 3 years – 6.75 percent
- From 3 years one day to 10 years – 6.50 percent
- On 399 days Special FD – 7.05 percent
Interest rate on FD for senior citizens
- 7 days to 45 days – 3.50%
- 46 days to 180 days – 5.00%
- 181 days to 210 days – 5.75%
- 211 days to less than a year – 6.25 percent
- 1 year 1 day to 3 years – 7.25 percent
- 3 years one day to 5 years – 7.15 percent
- 5 years 1 day to 10 years -7.50%
- On 399 days Special FD – 7.55 percent
Bank of Baroda has already increased the interest rate
Earlier, the interest rate was increased by 0.65 percent in December 2022 and 1.00 percent in November 2022 by Bank of Baroda. After the increase in repo from RBI, all government and non-government banks are increasing interest rates.
RBI has increased the repo rate by 2.50 percent from May 2022 to February 2023. It is expected that RBI may increase the April MPC by 0.25 percent.
