Today was a rough day for investors. The Sensex fell by 3,900 points, and the Nifty dropped by 1,400 points, making it a true Black Monday.
Usually, during a stock market crash, gold prices rise. But this time, even gold prices went down.
Adding to the trouble, the Reserve Bank of India (RBI) reduced the repo rate.
As a result, many banks have started cutting interest rates on fixed deposits (FDs), affecting people who depend on them for stable returns.
This situation has left investors wondering where they can invest safely and still earn good returns.
Bank of Baroda Reduces FD Interest Rates
Bank of Baroda, one of India’s major public sector banks, has also lowered its FD interest rates, surprising many of its customers.
The bank has cut the rates by 0.20% for certain durations. These new rates are effective from 7 April 2025,
and apply to deposits of less than ₹3 crore, with options ranging from 7 days to 10 years.
Revised FD Interest Rates by Bank of Baroda
| Tenure | General Rate | Senior Citizens Rate |
|---|---|---|
| 7 to 14 days | 4.25% | 4.75% |
| 15 to 45 days | 4.50% | 5.00% |
| 46 to 90 days | 5.50% | 6.00% |
| 91 to 180 days | 5.60% | 6.10% |
| 181 to 210 days | 5.75% | 6.25% |
| 211 to 270 days | 6.25% | 6.75% |
| 271 days to less than 1 year | 6.50% | 7.00% |
| 1 year | 6.85% | 7.35% |
| Above 1 year to < 400 days | 7.00% | 7.50% |
| Above 400 days to 2 years | 7.00% | 7.50% |
| Above 2 years to 3 years | 7.15% | 7.65% |
| Above 3 years to 5 years | 6.80% | 7.40% |
| Above 5 years to 10 years | 6.50% | 7.50% |
| Above 10 years (Court Order) | 6.25% | 6.75% |
| 444 days (Square Drive Scheme) | 7.15% | 7.65% |
