Bank of Baroda, India's well-known public sector lender, has revised interest rates on a variety of fixed deposits. The revised rates, according to the bank, are effective as of January 1, 2022. The bank has made interest rate modifications on Domestic Term Deposits & NRO Deposits of Rs. 2 Crore to upto Rs. 10 Crore. The bank, on the other hand, last adjusted its interest rates on deposits of less than Rs. 2 crores on November 16, 2020. Following the last modification, BoB is offering an interest rate of 2.80 percent to 5.25 percent to the general public and 3.30 percent to 6.25 percent to senior persons on deposits of less than Rs. 2 crores maturing in 7 days to up to 10 years. Here, we'll go through the bank's most recent interest rates applicable on Domestic Term Deposits & NRO Deposits of Rs. 2 Cr and above.
BoB Interest Rates On Domestic Term Deposits & NRO Deposits of Rs. 2 Cr to upto Rs. 10 Cr
The bank is presently giving the following interest rates on new or renewed Domestic Term Deposits and NRO Deposits (with premature withdrawal option) of Rs. 2 Crore to Rs. 10 Crore.
| Tenors | Rs 2 Cr. to upto Rs 10 Cr |
|---|---|
| 7 days to 14 days | 2.9 |
| 15 days to 45 days | 2.9 |
| 46 days to 90 days | 2.9 |
| 91 days to 180 days | 3.25 |
| 181 days to 270 days | 3.5 |
| 271 days & above and less than 1 year | 3.5 |
| 1 year | 3.8 |
| Above 1 year and up to 2 years | 4 |
| Above 2 years and up to 3 years | 4 |
| Above 3 years and up to 5 years | 4 |
| Above 5 years and up to 10 years | 4 |
| Source: Bank Website. W.e.f. 01.01.2022 |
BoB Interest Rates for Domestic Term Deposits & NRO Deposits of Above Rs 10 Cr to upto Rs 50 Cr
The bank is currently providing the following interest rates on new and renewal domestic term deposits and NRO deposits of above Rs 10 crores to up to Rs 50 crores (w.e.f. 01.01.2022 ).
| Tenors | Above Rs 10 cr. to upto Rs 25 cr | Above Rs 25 cr. to upto Rs 50 cr |
|---|---|---|
| 7 days to 14 days | 2.9 | 2.9 |
| 15 days to 45 days | 2.9 | 2.9 |
| 46 days to 90 days | 2.9 | 2.9 |
| 91 days to 180 days | 2.9 | 2.9 |
| 181 days to 270 days | 3.12 | 3.12 |
| 271 days & above and less than 1 year | 3.05 | 3.05 |
| 1 year | 3.8 | 3.8 |
| Above 1 year and up to 2 years | 3.6 | 3.6 |
| Above 2 years and up to 3 years | 3.6 | 3.6 |
| Above 3 years and up to 5 years | 3.6 | 3.6 |
| Above 5 years and up to 10 years | - | - |
| Source: Bank Website. W.e.f. 01.01.2022 |
BoB Interest Rates for Domestic Term Deposits & NRO Deposits of Above Rs 50 Cr to upto Rs 100 Cr
On new and renewal domestic term deposits and NRO deposits of more than Rs 50 crores to up to Rs 100 crores, the bank is presently offering the following interest rates (w.e.f. 01.01.2022 ).
| Tenor | Above Rs 50 cr. to upto Rs 100cr |
|---|---|
| 7 days to 14 days | 2.9 |
| 15 days to 45 days | 2.9 |
| 46 days to 90 days | 2.9 |
| 91 days to 180 days | 2.9 |
| 181 days to 270 days | 3.12 |
| 271 days & above and less than 1 year | 3.05 |
| 1 year | 3.8 |
| Above 1 year and up to 2 years | 3.6 |
| Above 2 years and up to 3 years | 3.6 |
| Above 3 years and up to 5 years | 3.6 |
| Above 5 years and up to 10 years | - |
| Source: Bank Website. W.e.f. 01.01.2022 |
Bank of Baroda Interest Rates for Domestic Term Deposits & NRO Deposits of Above Rs.100 Cr
Bank of Baroda is now granting the following interest rates on new and renewal domestic term deposits and NRO deposits of more than Rs 100 crores (w.e.f. 01.01.2022 ).
| Tenor | Above Rs 100 cr. to upto Rs 500cr | Above Rs 500 cr. to upto Rs 1000cr | Above Rs 1000 cr |
|---|---|---|---|
| 7 days to 14 days | 2.9 | 2.9 | 2.9 |
| 15 days to 45 days | 2.9 | 2.9 | 2.9 |
| 46 days to 90 days | 2.9 | 2.9 | 2.9 |
| 91 days to 180 days | 2.9 | 2.9 | 2.9 |
| 181 days to 270 days | 3.12 | 3.12 | 3.12 |
| 271 days & above and less than 1 year | 3.05 | 3.05 | 3.05 |
| 1 year | 3.8 | 3.8 | 3.8 |
| Above 1 year and up to 2 years | 3.6 | 3.6 | 3.6 |
| Above 2 years and up to 3 years | 3.6 | 3.6 | 3.6 |
| Above 3 years and up to 5 years | 3.6 | 3.6 | 3.6 |
| Above 5 years and up to 10 years | - | - | - |
| Source: Bank Website. W.e.f. 01.01.2022 |
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