Bank of Baroda (BoB) is not a new name in the bank industry. It is one of the biggest public sector banks. Recently Bank of Baroda has revised its Fixed Deposit interest rates and these new revised fixed deposit interest rates have been applied from 10th February 2020.
According to new rates now customers will get 4.50% to 6.25% interest on their Fixed Deposit and exact interest rate will depend upon fixed deposit maturity time from 7 days to 10 years.
New fixed deposit rates for fixed deposit maturing time between 7 Days to 45 days will be 4.50%
If you start a fixed deposit for 46 days to 180 days then you will get a 5% interest rate and if your fixed deposit maturity time is 181 days to 1 year then the interest rate will be 5.50%.
And now fixed deposit interest rate for FB maturing time 1 year to 400 days is 6 percent. Bank of Baroda is giving the highest interest rates on FB having maturity time from 3 years to 5 years and its finally 6.25 percent.
If you have FB with maturity time 401 days to 2 years or 2 years to up to 3 years then Bank of Baroda will give 6% interest on your fixed deposit. On the other hand, if someone chooses a long time FB having maturity time from above 5 years to up to 10 years then Bank of Baroda will give him a 6% interest rate.
Following is the detailed information about Fixed Deposit interest rates offered by Bank of Baroda:
|Fixed Deposit Maturity Time||Interest rate|
|1||7 days to 13 days||4.50%|
|2||15 days to 45 days||4.50%|
|3||46 days to 90 days||5.00%|
|4||91 days to 180 days||5.00%|
|5||1818 days to 270 days||5.50%|
|6||271 days to less than 1 year||5.50%|
|8||Above 1 year to 400 days||6.00%|
|9||401 days to 2 years||6.00%|
|10||Above 2 years to 3 years||6.00%|
|11||Above 3 years to 5 years||6.25%|
|12||Above 5 years to up to 10 years||6.00%|
Bank of Baroda is giving a special offers to senior citizens. Yes, they will get an extra 0.5% interest rate for all kinds of the domestic term fixed deposits having a deposit limit of less than 2 Crores.
Hope you will find this information useful and plan your FD accordingly.