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  • NEWS Desk Global

BANK OF BARODA HIKES FD RATES BY 50 BPS

Bank of Baroda has increased interest rates on domestic retail term deposits, including non-resident rupee accounts, by up to 50 basis points across various tenors for up to three years. The bank has also increased bulk deposit interest rates (for Rs 2-10 crore) by up to 1% (100 basis points) across various tenors.

BoB now offers up to 7.4% per annum for general citizens and up to 7.9% per annum for senior citizens, which includes an additional 0.15% for non-callable deposits.

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