Bank Of Baroda Hikes Its FD Rates On Retail Term Deposits

The revised interest rates show one year tenor with new FD rate 5.50 per cent from 5.30 per cent of domestic term deposits below Rs 2 crore

Bank of Baroda has increased its interest rates on domestic retail term deposits of below Rs 2 crore. The bank has raised its fixed deposit rate by 20 basis points. According to the Bank of Baroda website, the new rates are effective from September 13, 2022.

The revised interest rates show one year tenor with new FD rate 5.50 per cent from 5.30 per cent of domestic term deposits below Rs 2 crore. While rates for deposits below Rs 2 crore for senior citizens hike to 6 per cent from 5.80 per cent for one year.

Here is the list of tenors and rates:

In addition, the Baroda Tiranga Deposit Scheme, which is available in two tenor buckets that is offering interest rates of 5.75 per cent p.a. for 444 days and 6.00 per cent p.a. for 555 days, continues to be available till 31st December, 2022. Further, senior citizens earn an additional interest rate of 0.50 per cent p.a., while Non-Callable Deposits get 0.15 per cent p.a. extra.