Bank FD: There is good news for those who have bank accounts. If you are also planning to get FD in the bank, then now the government bank has increased the interest rates. Even today, getting FD in the bank is considered the best option for savings.
Bank of Baroda has now increased the interest rates. If you have also made FD in this bank, then you will get the benefit of more interest. Let us tell you that the bank has increased the interest rates on its Baroda Tiranga Plus Deposit Scheme (Baroda Tiranga Plus Deposit Scheme), whose duration is 399 days.
Interest rates applicable from May 12
If you get an FD of less than Rs 2 crore, then it is giving the benefit of interest to the common citizens at the rate of 7.25 per cent to 7.75 per cent. The new rates have been implemented by the bank from May 12. The bank has increased the interest rates by 20 basis points. First bank is giving the benefit of interest ranging from 7.05 percent to 7.75 percent to the customers.
Rate of interest for general citizens-
>> 7 to 45 days FD – 3 percent
>> 46 to 180 days FD – 4.5 percent
>> 181 to 210 days FD – 4.5 percent
>> 211 days or less FD – 5.75 percent
>> Duration of one to two years – 6.75 percent
Rate of interest for senior citizens-
>> 7 to 45 days FD – 3.5 percent
>> 46 to 180 days FD – 5 percent
>> 181 to 210 days FD – 5.75 percent
>> FD of 211 days or less – 6.25 percent
>> Duration of one to two years – 7.25 percent
Benefits of Baroda Tricolor Plus Scheme
Apart from this, the bank is also giving the benefit of Baroda Tricolor Plus Deposit Scheme (399 days) to the customers. Talking about ordinary citizens, these people get the benefit of interest ranging from 7.25 per cent to 7.75 per cent.
How much interest is being received over which period?
Apart from this, if we talk about FDs of more than 10 years, then ordinary citizens are getting the benefit of interest at the rate of 6.25 percent. At the same time, senior citizens are getting interest at the rate of 6.75 percent.
Apart from this, talking about the rate of interest for a period of more than 5 years, then ordinary citizens are getting interest at the rate of 6.5 percent and senior citizens at 7.50 percent. On FDs of more than 2 years and up to 3 years, the bank is offering 7.05 percent interest rate to general citizens and 7.55 percent to senior citizens.
