Bank of Baroda increases FD interest rates for senior citizens, investors get chance to get bumper profits

Bank of Baroda will fill the pockets of the investors of its term deposit schemes by giving more profits. Actually, the bank has increased the interest rates on FD schemes by 30 basis points. Due to which senior citizens along with ordinary citizens are going to get a lot of benefit. The bank has made the new interest rates effective from May 12, 2023.

Bank of Baroda FD Interest Rates

Bank of Baroda gives its customers the opportunity to save money by investing money in FDs ranging from 7 days to 10 years. According to the bank, up to Rs 2 crore can be invested in these FD schemes. After the change in interest rates, the interest rate of FD for the general public can go up to 7.25 percent. Whereas, senior citizens can earn up to 7.75 per cent.

FD interest rates for general citizens

1. Bank of Baroda will give an interest rate of 3 percent on FDs maturing between seven to 45 days.
2. It is offering an interest rate of 4.5 per cent on FDs maturing between 46 and 180 days.
3. Bank of Baroda will pay interest at the rate of 4.5 per cent on FDs maturing between 181 to 210 days.
4. 5.75 percent interest will be given on FDs maturing between 211 days and less than one year.
5. The bank is offering an interest rate of 6.75 percent on FDs between one and two years.
6. Will offer an interest rate of 7.05 percent on FD tenure of more than two years and up to three years.
7. The bank is offering an interest rate of 6.50 per cent on FDs maturing between three and ten years.

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FD interest rates for senior citizens

• For FDs maturing between 7 to 45 days, the bank is offering an interest rate of 3.5 percent to senior citizens.
• Will give an interest rate of 5 percent on FDs maturing between 46 days and 180 days.
• 5.75 percent interest rate will be available on FDs maturing between 181 and 210 days.
• You can get 6.25 percent interest rate on FDs maturing between 211 days and less than one year.
• Fixed deposits maturing between one to two years will get an interest rate of 7.25 per cent.
• The bank is giving an interest rate of 7.55 per cent on FDs ranging from two years to three years.
• The bank is paying 7.15 per cent interest on FDs maturing between three and five years.
• It is paying an interest rate of 7.55 per cent on FDs maturing for more than 5 years.