Business News | Bank of Baroda Increases Interest Rates on Retail Term Deposits
Get latest articles and stories on Business at LatestLY. Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits -- including NRO and NRE term deposits, by 25 basis points on select tenors.
Mumbai (Maharashtra) [India], March 17 (ANI): Bank of Baroda on Friday announced it will increase interest rates on domestic retail term deposits -- including NRO and NRE term deposits, by 25 basis points on select tenors.
These hiked rates are applicable on deposits below Rs 2 crore, with immediate effect.
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Following are the tables detailing the hike in rates along with the respective deposit schemes:
Interest rates have also been hiked on the Baroda Tax Savings Term Deposit as well as Baroda Advantage Fixed Deposit, a Non-Callable Retail Term Deposit Scheme.
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Notably, the Bank of Baroda in December 2022 increased retail term deposit interest rates by up to 65 bps and in November 2022 by up to 100 bps.
"Existing and new customers of Bank of Baroda can open a FD through any of the Bank's branches across India. An online FD can also be opened by existing customers via the Bank's Mobile app (bob World)/ Net Banking (bob World Internet)," it said. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)