Bank of Baroda FD Interest Rates: The bank is offering interest rates up to 7.40% per annum for general citizens and 7.90% per annum for senior citizens. The bank has also changed the interest rates on its Tricolor Plus Deposit Scheme for 399 days.
Bank of Baroda FD Interest Rates: Bank of Baroda has increased the interest rates on fixed deposit (FD) rates by up to 50 basis points (BPS) for various tenures up to 3 years. These rates are applicable for deposits less than ₹2 crore from October 9, 2023.
The bank is offering interest rates up to 7.40% per annum for general citizens and 7.90% per annum for senior citizens. The bank has also changed the interest rates on its Tricolor Plus Deposit Scheme for 399 days. Under the scheme, senior citizens will get interest at the rate of 7.80% per annum on non-callable deposits.
Bank of Baroda had earlier increased retail term deposit interest rates in May 2023 and March 2023. The bank has increased bulk deposit interest rates (for deposits ranging from ₹ 2 crore to ₹ 10 crore) by 1% (100 basis points) across various tenures.
How to open FD?
Existing and new customers of Bank of Baroda can open a new FD through any branch of the Bank across India to avail this offer. Existing customers can also open FD online through the bank’s mobile app (BoB World)/net banking (BOB World Internet).
Private lenders YesBank and HDFC Bank have cut fixed deposit interest rates on select tenures for deposits below ₹2 crore. IndusInd Bank and Punjab and Sindh Bank have also revised the FD interest rates on their fixed deposits in October 2023.
