Financial institution of Baroda (Financial institution), one among India’s main public sector banks, immediately introduced a rise in rates of interest on Home Retail Time period Deposits, together with NRO and NRE Time period Deposits, by 25 foundation factors on choose tenors. These charges are relevant on deposits under Rs 2 crore, with impact from March 17, 2023.
Rates of interest have additionally been hiked on the Baroda Tax Financial savings Time period Deposit in addition to Baroda Benefit Mounted Deposit, a Non-Callable Retail Time period Deposit Scheme.
Financial institution of Baroda has earlier elevated retail time period deposit rates of interest in December 2022 by as much as 65 bps and in November 2022 by as much as 100 bps.
Current and new prospects of Financial institution of Baroda can open a FD by means of any of the Financial institution’s branches throughout India. An internet FD will also be opened by current prospects by way of the Financial institution’s Cellular app (bob World)/ Web Banking (bob World Web).
Financial institution of Baroda’s Revised Mounted Deposit Curiosity Charges for the next Time Buckets:
| Home Time period Deposits, together with NRO, under Rs 2 crore (Contemporary & Renewal) – (Callable) w.e.f. 17.03.2023 | |||||
| Tenors | Resident/ Normal Public | Resident Indian Senior Citizen | Improve by | ||
| Outdated Charge
(% p.a.) |
New Charge
(% p.a.) (w.e.f. 17.03.2023) |
Outdated Charge
(% p.a.) |
New Charge
(% p.a.) (w.e.f. 17.03.2023) |
||
| Above 3 Years to five Years | 6.25 | 6.50 | 6.90 | 7.15 | +25bps |
| Above 5 Years to 10 Years | 6.25 | 6.50 | 7.25 | 7.50 | +25bps |
| For NRE Time period Deposits (Rupee) (Callable) ROI for quantity under Rs 2 crore (Contemporary and Renewal) w.e.f. 17.03.2023 | |||
| Tenors | Outdated Charge
(% p.a.) |
New Charge
(% p.a.) (w.e.f. 17.03.2023) |
Improve by |
| Above 3 Years to five Years | 6.25 | 6.50 | +25bps |
| Above 5 Years to 10 Years | 6.25 | 6.50 | +25bps |
| Baroda Tax Financial savings Time period Deposit (Contemporary & Renewal) | |||||
| Tenors | Resident/ Normal Public | Resident Indian Senior Citizen | Improve by | ||
| Outdated Charge
(% p.a.) |
New Charge
(% p.a.) (w.e.f. 17.03.2023) |
Outdated Charge
(% p.a.) |
New Charge
(% p.a.) (w.e.f. 17.03.2023) |
||
| For five Years | 6.25 | 6.50 | 6.90 | 7.15 | +25bps |
| Above 5 Years to as much as 10 Years | 6.25 | 6.50 | 7.25 | 7.50 | +25bps |
| Baroda Benefit Mounted Deposit (Home together with NRO, NRE(TD) Accounts) (Non-Callable) ROI in %
(Minimal Single Deposit Rs 15.01 lakh & under Rs 2 Crore) w.e.f. 17.03.2023 (Contemporary & Renewal) |
|||||
| Tenors | Resident/ Normal Public
Together with NRO, NRE (TD) |
Resident Indian Senior Citizen | Improve by | ||
| Outdated Charge
(% p.a.) |
New Charge
(% p.a.) (w.e.f. 17.03.2023) |
Outdated Charge
(% p.a.) |
New Charge
(% p.a.) (w.e.f. 17.03.2023) |
||
| Above 3 Years to five Years | 6.50 | 6.75 | 7.15 | 7.40 | +25bps |
| Above 5 Years to 10 Years | 6.50 | 6.75 | 7.50 | 7.75 | +25bps |
For particulars: www.bankofbaroda.in/interest-rate-and-service-charges/deposits-interest-rates
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