Bank of Baroda has increased interest rates on fixed deposits for select maturities upwards. The deposit rates for 7-14 days, 15-45 days and 46-90 days have been revised upwards from 4.75% to 5% with effect from March 19, 2012.
For the 181 days to 270 days category the bank has increased the interest rates to 7.75% from 7.6%. On the other hand the above 271 days to one year category there has been a revision of interest rates from 7.75% to 8%.
The shares of Bank of Baroda were trading lower by Rs 7 at Rs 808 on the Bombay Stock Exchange.