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Bank of Baroda said in a statement, the interest rate on FDs of different tenures up to Rs 2 crore has been increased by 0.01 percent to 1.25 percent. These new rates are applicable from December 29, 2023.
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According to the statement, the maximum increase of 1.25 percent has been made in the period of 7-14 days. The interest rate for these deposits has been increased from three percent to 4.25 percent. After this, the interest rate has been increased by one percent to 4.50 percent for the full period of 15-45 days.
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Bank of Baroda released new fixed deposit interest rate
| Tenors | Residents / General Public | Resident Indian Sr. Citizen |
|---|---|---|
| 7 days to 14 days | 4.25 | 4.75* |
| 15 days to 45 days | 4.50 | 5.00* |
| 46 days to 90 days | 5.50 | 6.00* |
| 91 days to 180 days | 5.60 | 6.10* |
| 181 days to 210 days | 5.75 | 6.25* |
| 211 days to 270 days | 6.15 | 6.65* |
| 271 days & above and less than 1 year | 6.25 | 6.75* |
| 1 year | 6.85 | 7.35* |
| Above 1 year to 400 days | 6.85 | 7.35* |
| Above 400 days and upto 2 Years | 6.85 | 7.35* |
| Above 2 Years and upto 3 Years | 7.25 | 7.75* |
| Above 3 Years and upto 5 Years | 6.50 | 7.15 # |
| Above 5 Years and upto 10 Years | 6.50 | 7.50*** |
| Above 10 years (MACT/MACAD Court Order schemes only) | 6.25 | 6.75* |
| 399 Days (Baroda Tiranga Plus Deposit Scheme) | 7.15 | 7.65* |
Source: BOB
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