Bank of Baroda has updated the interest rates for its fixed deposits (FDs), specifically targeting domestic bulk deposits.
The new rates apply to deposits from Rs 3 crore up to Rs 1000 crore. These changes affect both general and senior citizens.
New Interest Rates for Bulk Deposits
For deposits ranging from Rs 3 crore to Rs 10 crore, the bank now offers an interest rate between 5% and 7.45%. This rate is consistent for both general customers and senior citizens.
For larger deposits, from Rs 10 crore to Rs 1000 crore, the interest rate varies between 4.50% and 7.75%.
Interest Rates by Tenure for Deposits Below Rs 10 Crore
The revised FD interest rates for deposits under Rs 10 crore are as follows:
7 to 14 days: 5%
15 to 45 days: 5%
46 to 90 days: 5.75%
91 to 180 days: 5.75%
181 to 210 days: 6.5%
211 to 270 days: 6.75%
271 days to less than 1 year: 6.75%
1 Year: 7.45%
1 year to more than 400 days: 6.85%
Above 2 years and up to 3 years: 6.5%
Above 3 years and up to 5 years: 6%
Above 5 years and up to 10 years: 5%
Interest Rates for Deposits Below Rs 3 Crore
For deposits under Rs 3 crore, Bank of Baroda offers interest rates from 4.25% to 7.15%.
Senior citizens are eligible for an additional 0.50% interest. The highest interest rate of 6.5% is available for tenures between 2 and 3 years.
The highest interest of 6.5% is available for tenures between 2 to 3 years.
