New Delhi: Bank of Baroda on Friday announced that it will hike interest rates on domestic retail term deposits, including NRO and NRE term deposits, by 25 basis points in select tenors. These enhanced rates are applicable for deposits below Rs 2 crore with immediate effect.
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Following are the tables detailing the increase in rates along with the respective deposit schemes: Interest rates have also been hiked on Baroda Tax Saving Term Deposit as well as Baroda Advantage Fixed Deposit, a non-callable retail term deposit scheme.
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Notably, Bank of Baroda hiked retail fixed deposit interest rates by up to 65 bps in December 2022 and up to 100 bps in November 2022. “Existing and new customers of Bank of Baroda can open an FD through any branch of the Bank across India. Existing customers can also open an online FD through the Bank’s Mobile App (BOB World) / Net Banking (BOB) World Internet), “it said