FINANCE

FD rates up to 7.9%: Bank of Baroda revises fixed deposit rates on select tenors

Bank of Baroda’s highest slab FD plan, Bob Utsav Deposit Scheme, is of 400 days. The Utsav Scheme offers an interest rate of 7.30% to general customers, 7.8% to senior citizens and 7.9% to super senior citizens.

Public sector lender Bank of Baroda has revised fixed deposit (FD) interest rates for select tenors, effective October 14, 2024.

Read More: SBI plans to enhance threshold limit under instant loan scheme for MSMEs

Bank of Baroda offers interest rates of 4.25% to 7.30% per annum to general customers on tenures ranging from 7 days to over 10 years. Senior citizens are offered 4.75%-7.80% per annum interest rates on fixed deposits, 0.50% more than the rates offered to general customers. The bank offers 0.10% extra to super senior citizens (aged above 80 years).

These revised rates are applicable to domestic/NRO deposits of less than Rs 3 crore with premature withdrawal facility.

Read More: How to create a financial plan on your own? Here are 6 key steps

Bank of Baroda Utsav FD rates on Domestic & NRO Deposits

Bank of Baroda’s highest slab FD plan, Bob Utsav Deposit Scheme, is of 400 days. The Utsav Scheme offers an interest rate of 7.30% to general customers, 7.8% to senior citizens and 7.9% to super senior citizens.

Bank of Baroda Utsav Deposits Scheme

TenorsResidents / General Public / NRO ROI (%)Resident Indian Senior Citizen ROI (%)*Residents Super Senior Citizen ROI(%)*
Bob Utsav Deposit Scheme (400 Days)7.37.80 *7.90$

Source: Bank of Baroda website

(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)

Read More: Canara HSBC Life Insurance new plan blends life protection and wealth creation features – Check details

Bank of Baroda fixed deposits across tenors

TenorsResidents / General PublicResident Indian Sr. CitizenResident Super Senior Citizen
7 days to 14 days4.254.75*4.75*
15 days to 45 days4.55.00*5.00*
46 days to 90 days5.56.00*6.00*
91 days to 180 days5.66.10*6.10*
181 days to 210 days5.756.25*6.25*
211 days to 270 days6.256.75*6.75*
271 days & above and less than 1 year6.57.00*7.00*
1 year6.857.35*7.35*
Above 1 year to 400 days (except 400 Days)77.50*7.60$
Above 400 days and upto 2 Years77.50*7.60$
Above 2 Years and upto 3 Years7.157.65*7.75$
Above 3 Years and upto 5 Years6.87.40 #7.50$
Above 5 Years and upto 10 Years6.57.50**7.50**
Above 10 years (MACT/MACAD
Court Order schemes only)
6.256.75*6.75*

Source: Bank of Baroda website

(* incl. additional ROI 0.50% for RTD upto 3 Years and additional ROI 0.50% for Above 10 Years, # incl. additional ROI of 0.50+0.10 (reduced from 0.15%) for RTD above 3 Years and upto 5 Years w.e.f 14.10.2024, **incl. additional ROI of 0.50%+0.50% for RTD above 5 Years and upto 10 Years to Resident Senior Citizens and $ includes 0.10% for Senior Citizens for Deposits above 1 year and upto 5 years)

Bank of Baroda also offers various FD plans for NRIs, such as NRO, NRE and FCNR fixed deposits. The bank accepts FCNR fixed deposits in USD, GBP, EUR, Australian Dollar (AUD) and Canadian Dollar (CAD).

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

To Top