Home BOB Fixed Deposit Rates Increased from June 2022

BOB Fixed Deposit Rates Increased from June 2022

BOB Fixed Deposit Rates Increased from June 2022. Watch video for full details

Bank of Baroda has increased fixed deposit interest rates on domestic term deposits, including non-resident ordinary (NRO) and non-resident external (NRE) term deposits of below ₹ 2 crore by up to 40 basis points. Revised rates are applicable with effect from June 15, 2022.

The bank will continue to give a 2.80 % interest rate on deposits maturing in 7 to 45 days, and a 3.70 % interest rate on deposits maturing in 46 to 180 days. Fixed deposits maturing in 181 days to 270 days will earn a 4.30 % interest rate & deposits maturing in 271 days or more and less than a year will get a 4.40 % interest rate. Fixed deposits of one year will continue to get 5.00 % & fixed deposits of one to two years will earn 5.45 %. Bank of Baroda will give an interest rate of 5.50 % on deposits of more than 2 years and up to 3 years. The bank will continue to offer a 5.35 % interest rate on term deposits maturing in above 3 Years and up to 5 Years and above 5 Years and up to 10 Years.

Interest rates have also been hiked on saving deposits of Rs 100 crore and above to less than Rs 200 crore and ₹ 500 crore and above by bank of baroda.

The increase in rates by Bank of Baroda has come after the Reserve Bank of India (RBI) increased the repo rate . RBI had hiked the repo rate by 0.50 % to 4.90 per cent.