Bank of Baroda Increases interest rates

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Bank of Baroda Increases interest rates on Retail Term Deposits

by up to 100 basis points

Interest rates hiked on bulk savings deposits as well

INVC NEWS
Hyderabad,

Bank of Baroda, one of India’s leading public sector banks, today announced an increase in retail term deposit interest rates by up to 100 basis points. Rates have been increased on Domestic Term Deposits and NRE Term Deposits below Rs 2 crore. These rates are applicable with effect from November 14, 2022.

Interest rates have also been hiked on bulk Saving Deposits of Rs. 50 crore and above to less than Rs. 200 crore by up to 25 basis points.

Existing and new customers of Bank of Baroda can open a FD through any of the Bank’s branches across India. An online FD can also be opened by existing customers via the Bank’s Mobile app (bob World)/ Net Banking (bob World Internet).

Bank of Baroda’s Revised Fixed Deposit Interest Rates

1.Domestic & NRO Term Deposits Below Rs 2.00 Crore [Fresh & Renewal] [Callable]
 Tenors 

Old Rate (% p.a.)

New Rate (% p.a.)

(w.e.f. 14.11.2022)

 46 Days to 90 Days4.004.50
 91 Days to 180 Days4.004.50
 181 Days to 270 Days4.655.25
 271 Days to less than 1 Year4.655.50
 1 Year5.506.10
 Above 1 Year to 400 days5.506.10
 Above 400 days to 2 Years5.506.10
 Above 2 Years to 3 Years5.556.25
 Above 3 Years to 5 Years5.656.10
 Above 5 Years to 10 Years5.656.10
 Above 10 Years5.106.10
 Baroda Tiranga Deposits – 444 Days5.756.10
 Baroda Tiranga Deposits – 555 Days6.006.10
2.Domestic Term Deposits Below Rs 2.00 Crore – Resident Senior Citizens [Fresh & Renewal] [Callable]
 Tenors 

Old Rate (% p.a.)

New Rate (% p.a.)

(w.e.f. 14.11.2022)

 46 Days to 90 Days4.505.00
 91 Days to 180 Days4.505.00
 181 Days to 270 Days5.155.75
 271 Days to less than 1 Year5.156.00
 1 Year6.006.60
 Above 1 Year to 400 days6.006.60
 Above 400 days to 2 Years6.006.60
 Above 2 Years to 3 Years6.056.75
 Above 3 Years to 5 Years6.306.75
 Above 5 Years to 10 Years6.656.90
 Above 10 Years5.606.60
 Baroda Tiranga Deposits – 444 Days6.256.60
 Baroda Tiranga Deposits – 555 Days6.506.60

3.Baroda Advantage Fixed Deposit (Domestic/ NRO/ NRE) Accounts (Non-Callable) (Fresh & Renewal)

Minimum Deposit of Rs 15.01 Lakh to below Rs 2.00 Crore

 Tenors 

Old Rate (% p.a.)

New Rate (% p.a.)

(w.e.f. 13.09.2022)

 1 Year5.756.35
 Above 1 Year to 400 Days5.756.35
 Above 400 Days to 2 Years5.756.35
 Above 2 Years to 3 Years5.806.50
 Above 3 Years to 5 Years5.906.35
 Above 5 Years to 10 Years5.906.35
 Baroda Tiranga Deposits – 444 Days6.006.35
 Baroda Tiranga Deposits – 555 Days6.256.35
4.Baroda Advantage Fixed Deposit (Domestic) Accounts for Resident Senior Citizens [Non-Callable] [Fresh & Renewal] Minimum Deposit of Rs 15.01 Lakh to below Rs 2.00 Crore
 Tenors 

Old Rate (% p.a.)

New Rate (% p.a.)

(w.e.f. 13.09.2022)

 1 Year6.256.85
 Above 1 Year to 400 days6.256.85
 Above 400 days to 2 Years6.256.85
 Above 2 Years to 3 Years6.307.00
 Above 3 Years to 5 Years6.557.00
 Above 5 Years to 10 Years6.907.15
 Baroda Tiranga Deposits – 444 Days6.506.85
 Baroda Tiranga Deposits – 555 Days6.756.85

5.NRE Term (Rupee) Deposits – Below Rs 2.00 Crore [Fresh & Renewal] [Callable]
 Tenors 

Old Rate (% p.a.)

New Rate (% p.a.)

(w.e.f. 14.11.2022)

 1 Year5.506.10
 Above 1 Year to 400 days5.506.10
 Above 400 Days to 2 Years5.506.10
 Above 2 Years to 3 Years5.556.25
 Above 3 Years to 5 Years5.656.10
 Above 5 Years to 10 Years5.656.10
 Baroda Tiranga Deposits – 444 Days5.756.10
 Baroda Tiranga Deposits – 555 Days6.006.10

6.Baroda Tax Savings Term Deposit [Fresh & Renewal]

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