Hyderabad, May 13 : Bank of Baroda (Bank), one of India’s leading public sector banks, on Friday announced an increase in interest rates on Domestic Retail Term Deposits, including NRO and NRE Term Deposits, by up to 30 basis points on select tenors.
These rates are applicable on deposits below Rs 2 crore, with effect from today, the bank said a release. Interest rates have also been hiked on the Baroda Tiranga Plus Deposit Scheme.
The 399 Day Baroda Tiranga Plus deposit scheme now offers interest rates up to 7.90 percent per annum , which includes 0.50 percent per annum for senior citizens and 0.15 percent for non-callable deposits.
The Bank has earlier increased retail term deposit interest rates in March 2023 and in December last year
Existing and new customers of Bank of Baroda can open a FD through any of the Bank’s branches across India.
An online FD can also be opened by existing customers via the Bank’s Mobile app (bob World)/ Net Banking (bob World Internet).
Follow our WhatsApp channel
