Bank of Baroda has revised the interest rates on its fixed deposits (FDs) of up to Rs 2 crore. Following the change, Bank of Baroda offers interest rates up to 7.25 per cent for the general public. Senior citizens can earn up to 7.75 per cent on fixed deposits. The revised interest rates on fixed deposits are effective from October 9, 2023, as per the bank’s website.
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On deposits maturing between seven and 14 days, Bank of Baroda pays a 3% interest rate and 3.50% interest on tenure of 15 days to 45 days. The bank has raised interest rate by 50 bps from 4.5 percent interest rate to 5% that mature in 46 to 180 days. On FDs with maturities between 181 and 210 days, Bank of Baroda will pay interest at a rate of 5.50% from earlier 5.25%. Fixed deposits with maturities of 211 days to 270 days will receive interest at a rate of 6% from 5.75%. On fixed deposits with maturities between 271 days & above and less than 1 year, the bank will give an interest rate of 6.25%.The bank will offer an interest rate of 6.75 per cent on fixed deposits maturing between one to two years. The bank will offer a highest interest rate of 7.25 per cent on FD tenures of above two years and up to three years from 7.05%, an hike of 20 bps. The bank offers an interest rate of 6.50% on FDs maturing between three and ten years.
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399 Days (Baroda Tiranga Plus Deposit Scheme)
On special deposit of Baroda Tiranga Plus Deposit Scheme with 399 days tenure, the bank reduced FD interest rate by 10 bps from 7.25% to 7.15%.
| Tenors | Residents / General Public | Resident Indian Sr. Citizen |
| 7 days to 14 days | 3 | 3.50* |
| 15 days to 45 days | 3.5 | 4.00* |
| 46 days to 90 days | 5 | 5.50* |
| 91 days to 180 days | 5 | 5.50* |
| 181 days to 210 days | 5.5 | 6.00* |
| 211 days to 270 days | 6 | 6.50* |
| 271 days & above and less than 1 year | 6.25 | 6.75* |
| 1 year | 6.75 | 7.25* |
| Above 1 year to 400 days | 6.75 | 7.25* |
| Above 400 days and upto 2 Years | 6.75 | 7.25* |
| Above 2 Years and upto 3 Years | 7.25 | 7.75* |
| Above 3 Years and upto 5 Years | 6.5 | 7.15 # |
| Above 5 Years and upto 10 Years | 6.5 | 7.50*** |
| Above 10 years (MACT/MACAD | 6.25 | 6.75* |
| Court Order schemes only) | ||
| 399 Days (Baroda Tiranga Plus Deposit Scheme) | 7.15 | 7.65* |
(* incl. additional ROI 0.50%, # incl. additional ROI of 0.50+0.15, *** incl. additional ROI of 0.50%+0.50%)Bank of Baroda offers interest rates between 3.50% to 7.75% for senior citizens tenure ranging from 7 days to 10 years. The highest interest rate of 7.75% is offered on tenure over 2 years and up to 3 years.
Fixed Deposits (Non-Callable)
Baroda Advantage Fixed Deposit where minimum deposit is Rs 15.01 lakhs and & below Rs 2 crores. Under this scheme, premature withdrawal is not allowed. Bank of Baroda offers interest rates between 6.90% to 7.40% for general citizens and 7.40% to 7.90 for senior citizens for tenure ranging from one year to 10 years.
| Tenors | General/NRE/NRO | Senior Citizen |
| 1 Years | 6.9 | 7.40* |
| Above 1 Years to 400 days | 6.9 | 7.40* |
| Above 400 days and upto 2 Years | 6.9 | 7.40* |
| Above 2 Years and upto 3 Years | 7.4 | 7.90* |
| Above 3 Years and upto 5 Years | 6.65 | 7.30# |
| Above 5 Years and upto 10 Years | 6.65 | 7.65** |
| 399 Days (Baroda Tiranga Plus Deposit Scheme)*** | 7.30 ## | 7.80* |
Notes:
(* incl. additional ROI 0.50% for RTD upto 3 Years and above 10 Years, # incl. additional ROI of 0.50+0.15 for RTD above 3 Years and upto 5 Years. ** incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens) ## Additional Rate of Interest being paid on Non-Callable (Baroda Advantage) Term Deposits has been decreased from existing 0.25% to 0.15% wef 09.10.2023.
