Bank of Baroda has raised interest rates on domestic retail term deposits, including non-resident rupee accounts, by up to 50 basis points for tenors of up to three years. Additionally, the bank has increased bulk deposit interest rates (for deposits ranging from Rs 2-10 crore) by up to 1% (100 basis points) for various tenors.
MUMBAI: Bank of Baroda has increased interest rates on domestic retail term deposits, including non-resident rupee accounts, by up to 50 basis points across various tenors for up to three years. The bank has also increased bulk deposit interest rates (for Rs 2-10 crore) by up to 1% (100 basis points) across various tenors.
BoB now offers up to 7.4% per annum for general citizens and up to 7.9% per annum for senior citizens, which includes an additional 0.15% for non-callable deposits.
