Banks and financial institutions across the country are constantly changing their fixed deposit (FD) interest rates. This time Bank of Baroda has given a good news to its customers. The bank has recently increased its FD interest rates, so now customers can avail interest up to 7.90%.
Change in interest rates
Bank of Baroda revised its FD rates on August 2, 2024. Now customers can get interest ranging from 4.25% to 7.25% on FDs up to Rs 3 crore. Notably, senior citizens will get up to 7.90% interest on FDs ranging from Rs one crore to Rs three crore. The
new interest rates are as follows:
– FDs of 7 to 14 days: General public will get 4.25% and senior citizens will get 4.75% interest.
– FDs of 15 to 45 days: General public will get 4.50% and senior citizens will get 5% interest.
– FDs of 46 to 90 days: General public will get 5.50% and senior citizens will get 6% interest.
– FDs of 91 to 180 days: General public will get 5.60% and senior citizens will get 6.10% interest.
-FD of 181 to 210 days: General public will get 5.75% interest and senior citizens will get 6.25% interest.
– FD of 211 to 270 days: General public will get 6.15% interest and senior citizens will get 6.65% interest.
– FD of 271 days to less than 1 year: General public will get 6.25% interest and senior citizens will get 6.75% interest.
– FD of 333 days: General public will get 7.15% interest and senior citizens will get 6.65% interest.
– FD of 360 days: General public will get 7.10% interest and senior citizens will get 7.60% interest.
– FD of 1 year: General public will get 6.85% interest and senior citizens will get 7.35% interest.
– FD of 399 days: General public will get 7.25% interest and senior citizens will get 7.75% interest.
– FDs for 1 year to 400 days: General public will get 6.85% interest and senior citizens will get 7.35% interest.
– FDs for 400 days to 2 years: General public will get 6.85% interest and senior citizens will get 7.35% interest.
– FDs for a period of more than 2 years and up to 3 years: General public will get 7.15% interest and senior citizens will get 7.65% interest.
– FDs for a period of more than 3 years and up to 5 years: General public will get 6.50% interest and senior citizens will get 7.15% interest.
– FDs for a period of more than 5 years and up to 10 years: General public will get 6.50% interest and senior citizens will get 7.50% interest.
Special rates for senior citizens
The bank has also increased interest rates for senior citizens. This special rate will be applicable on FDs ranging from Rs 1 crore to Rs 3 crore, in which interest up to 7.90% will be available. FD investors will get good benefits due to this new interest rate issued by Bank of Baroda. This can be a great opportunity for those who are looking for high interest along with safe investment.
