The Bank of Baroda has hiked the interest rates on fixed deposits up to Rs 2 crore, effective from May 12, 2023. The bank is now offering a maximum interest rate of 7.25% for the general public, while senior citizens can earn up to 7.75% on their fixed deposits.
Bank Of Baroda Latest FD Rates
| Tenors | Residents/ General Public (%) | Resident Indian Sr. Citizen (%) |
|---|---|---|
| 7 days to 14 days | 3 | 3.5 |
| 15 days to 45 days | 3 | 3.5 |
| 46 days to 90 days | 4.5 | 5 |
| 91 days to 180 days | 4.5 | 5 |
| 181 days to 210 days | 5.25 | 5.75 |
| 211 days to 270 days | 5.75 | 6.25 |
| 271 days & above and less than 1 year | 5.75 | 6.25 |
| 1 year | 6.75 | 7.25 |
| Above 1 year to 400 days | 6.75 | 7.25 |
| Above 400 days and upto 2 Years | 6.75 | 7.25 |
| Above 2 Years and upto 3 Years | 7.05 | 7.55 |
| Above 3 Years and upto 5 Years | 6.5 | 7.15 |
| Above 5 Years and upto 10 Years | 6.5 | 7.5 |
| Above 10 years (MACT/MACAD | 6.25 | 6.75 |
| Court Order schemes only) | ||
| 399 Days (Baroda Tiranga Plus Deposit Scheme) | 7.25 | 7.75 |
Under the new revised interest rates, Bank of Baroda is offering a 3% interest rate on deposits maturing between seven and 45 days, and a 4.5% interest rate on deposits maturing between 46 and 180 days. Deposits maturing between 181 and 210 days will also earn an interest rate of 5.25%. Fixed deposits maturing between 211 days and less than one year will earn an interest rate of 5.75%.
For deposits maturing between one and two years, Bank of Baroda is offering an interest rate of 6.75%. The bank is also offering an interest rate of 7.05% on FD tenures of above two years and up to three years, which is an increase from the earlier interest rate of 6.75%. Fixed deposits maturing between three and ten years will earn an interest rate of 6.50%.
Bank of Baroda is offering the highest interest rate of 7.25% on its special deposit scheme called Baroda Tiranga Plus Deposit Scheme for a tenure of 399 days.
Indian Resident senior citizens can earn upto 7.75% interest rates on Baroda Tiranga Plus Deposit Scheme which is for a tenure of 399 days
This increase in interest rates is expected to attract more investors to Bank of Baroda's fixed deposit schemes.
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