Bank of Baroda hikes FD interest rates by up to 20 bps
Bank Of Baroda The interest rates on fixed deposits (FDs) of less than Rs 2 crore have been increased. the bank has increased fixed deposit interest rates Up to 20 basis points (bps) across all periods. According to the website of Bank of Baroda, the new interest rates are effective from September 13, 2022.
Bank of Baroda increased the hike FD interest rate on tenure of more than one year. Rate of interest Deposits with one year maturity date increased by 20 basis points (bps) from 5.30 per cent to 5.50 per cent. For tenures from 1 year to more than 2 years, the interest rate has been increased from 5.45 per cent to 5.50 per cent.
Baroda Tiranga Deposit Scheme, a fixed deposit product with high interest rates, is offered by Bank of Baroda. The new program is applicable on retail deposits of less than Rs 2 crore, and is effective from August 16 and runs till December 31, 2022.
