Bank of Baroda has increased the interest rate on Fixed Deposit. Now customers will get more interest than before.
This hike is effective from 25 February 2022. Above 5 years and up to 10 years interest will be available at the rate of 5.25 percent.
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Bank of Baroda (BoB) has hiked interest rates for various fixed deposit tenures. This is applicable from 25th February, Friday, 2022.
FDs maturing in 1 year have been increased from 4.90 percent to 5 percent. Meanwhile, BoB will pay an interest rate of 5.10 per cent to the depositors on Fixed Deposits maturing in 1 year to 2 years.
New interest rates on BoB’s FDs for general public
- 7 days to 14 days – 2.8 percent
- 15 days to 45 days – 2.8 percent
- 46 days to 90 days – 3.7 percent
- 91 days to 180 days – 3.7 percent
- 181 days to 270 days – 4.3 percent
- 271 days and above and less than 1 year – 4.4 percent
- 1 year – 5 percent
- 400 days above 1 year – 5.1 percent
- Above 400 days and up to 2 years – 5.1 percent
- Above 2 years and up to 3 years – 5.1 percent
- Above 3 years and up to 5 years – 5.25 percent
- Above 5 years and up to 10 years – 5.25 percent
New interest rates on BoB FD for senior citizens
- 7 days to 14 days – 3.3 percent
- 15 days to 45 days – 3.3 percent
- 46 days to 90 days – 4.2 percent
- 91 days to 180 days – 4.2 percent
- 181 days to 270 days – 4.8 percent
- 271 days and above and less than 1 year – 4.9 percent
- 1 year – 5.5 percent
- 400 days above 1 year – 5.6 percent
- More than 400 days and up to 2 years – 5.6 percent
- Above 2 years and up to 3 years – 5.6 percent
- Above 3 years and up to 5 years – 5.75 percent
- Above 5 years and up to 10 years – 6.25 percent
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