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Bank of Baroda Makes Interest Rate Revision On These Deposits
The public sector lender Bank of Baroda has made interest rates revision on NRE Term (Rupee) Deposits and Baroda Advantage Fixed Deposit (Domestic) Accounts. The revised rates go into effect on March 22, 2022. Interest rates on domestic deposits of less than Rs 2 crore have also been revised by the bank. We'll talk about the new interest rates that apply to various deposits in this article.
Bank of Baroda Domestic Fixed Deposits of Less Than Rs 2 Cr
The bank is giving the following interest rates (w.e.f. 22.03.2022) to the general public and elderly persons on domestic term deposits of less than Rs 2 crore.
| Tenors | Regular Interest rates in % p.a. | Senior citizens interest rates p.a. in % |
|---|---|---|
| 7 days to 14 days | 2.8 | 3.3 |
| 15 days to 45 days | 2.8 | 3.3 |
| 46 days to 90 days | 3.7 | 4.2 |
| 91 days to 180 days | 3.7 | 4.2 |
| 181 days to 270 days | 4.3 | 4.8 |
| 271 days & above and less than 1 year | 4.4 | 4.9 |
| 1 year | 5 | 5.5 |
| Above 1 year to 400 days | 5.2 | 5.7 |
| Above 400 days and upto 2 Years | 5.2 | 5.7 |
| Above 2 Years and upto 3 Years | 5.2 | 5.7 |
| Above 3 Years and upto 5 Years | 5.35 | 6 |
| Above 5 Years and upto 10 Years | 5.35 | 6.35 |
| Source: Bank Website |
Bank of Baroda Advantage Fixed Deposit
Bank of Baroda also has a deposit programme called "Baroda Advantage Fixed Deposit," which is a domestic term non-callable deposit that pays a higher interest rate than a regular FD and hence one can not make premature withdrawals. The deposit can be made for a minimum of Rs. 15.01 lakhs to below Rs. 2 Cr. The bank is guaranteeing the following interest rates on domestic/NRO/NRE accounts effective March 22, 2022.
| Tenors | Regular Interest rates in % p.a. | Senior citizens interest rates p.a. in % |
|---|---|---|
| 1 year | 5.05 | 5.55 |
| Above 1 Years to 400 days | 5.25 | 5.75 |
| Above 400 days and upto 2 Years | 5.25 | 5.75 |
| Above 2 Years and upto 3 Years | 5.25 | 5.75 |
| Above 3 Years and upto 5 Years | 5.45 | 6.1 |
| Above 5 Years and upto 10 Years | 5.45 | 6.45 |
| Source: Bank Website |
Bank of Baroda NRE Term (Rupee) Deposits
The bank is currently providing the following interest rates on NRE Term (Rupee) Deposits of less than Rs 2 Cr, effective March 22, 2022.
| Tenors | Interest rates in % p.a. |
|---|---|
| 1 year | 5 |
| Above 1 Years to 400 days | 5.2 |
| Above 400 days and upto 2 Years | 5.2 |
| Above 2 Years and upto 3 Years | 5.2 |
| Above 3 Years and upto 5 Years | 5.35 |
| Above 5 Years and upto 10 Years | 5.35 |
| Source: Bank Website |
