New Rate Is 5.45% For Deposits Above 1 Year

Bank of Baroda has hiked fixed deposit interest rates on Domestic Term Deposits

MUMBAI, June 15 (The CONNECT) – Bank of Baroda has hiked fixed deposit interest rates on Domestic Term Deposits including NRO and NRE Term Deposits of below Rs 2 crore by up to 40 basis points. These rates are applicable with effect from June 15, 2022.

Interest rates have also been hiked on Saving Deposits of Rs. 100 crore and above to less than Rs. 200 crore and Rs 500 crore and above.

Bank of Baroda’s Revised Fixed Deposit Interest Rates

1Domestic & NRO Term Deposits Below Rs 2.00 Crore [Fresh & Renewal] [Callable]
 Tenors Old RatesRevised Rates(w.e.f. 15.06.2022)
 Above 1 Year to up to 400 days5.205.45
 Above 400 days to up to 2 Years5.205.45
 Above 2 Years to up to 3 Years5.205.50
2Domestic Term Deposits Below Rs 2.00 Crore – Resident Senior Citizens [Fresh & Renewal] [Callable]
 Tenors Old RatesRevised Rates(w.e.f. 15.06.2022)
 Above 1 Year to up to 400 days5.705.95
 Above 400 days to up to 2 Years5.705.95
 Above 2 Years to up to 3 Years5.706.00
3NRE Term (Rupee) Deposits – Below Rs 2.00 Crore [Fresh & Renewal] [Callable]
 TenorsOld RatesRevised Rates(w.e.f. 15.06.2022)
 Above 1 Year to 400 days5.205.45
 Above 400 days to up to 2 Years5.205.45
 Above 2 Years to up to 3 Years5.205.50
4Baroda Advantage Fixed Deposit (Domestic / NRO / NRE) Accounts (Non-Callable) (Fresh & Renewal) for Minimum Rs 15.01 Lakh to below Rs 2.00 Crore
 Tenors Old RatesRevised Rates(w.e.f. 15.06.2022)
 1 Year5.055.15
 Above 1 Year to 400 days5.255.60
 Above 400 days to up to 2 Years5.255.60
 Above 2 Years to up to 3 Years5.255.65
 Above 3 Years to up to 5 Years5.455.50
 Above 5 Years to up to 10 Years5.455.50
5Baroda Advantage Fixed Deposit (Domestic) Accounts for Minimum Rs 15.01 Lakh to below Rs 2.00 Crore for Resident Senior Citizens [Fresh & Renewal] [Non-Callable]
 TenorsOld RatesRevised Rates(w.e.f. 15.06.2022)
 1 Year5.555.65
 Above 1 Year to up to 400 days5.756.10
 Above 400 days to up to 2 Years5.756.10
 Above 2 Years to up to 3 Years5.756.15
 Above 3 Years to up to 5 Years6.106.15
 Above 5 Years to up to 10 Years6.456.50

Bank of Baroda’s Revised Interest Rates on Savings Deposits  

SB Interest Rate Slab on O/S BalanceOld RatesRevised Rates(w.e.f. 15.06.2022)
Rs.100 crore and above to less than Rs.200 crore2.85%2.90%
Rs 500 crore and above to less than Rs 1,000 crore3.25%3.35%
Rs 1,000 crore and above3.30%3.35%

For details: https://www.bankofbaroda.in/interest-rate-and-service-charges/deposits-interest-rates