Bank of Baroda, a public sector financial institution, has revised fixed deposit (FD) interest rates for selected periods with effect from October 14, 2024.
Bank of Baroda offers interest rates ranging from 4.25% to 7.30% per annum to retail customers for tenors ranging from 7 days to over 10 years. Term deposit interest rates for seniors range from 4.75% to 7.80% per year, 0.50% higher than for general customers. The bank offers a 0.10% surcharge to very senior citizens (80 years and above).
These revised interest rates are applicable on domestic/NRO deposits of less than Rs 300 crore with early withdrawal facility.
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Bank of Baroda Utsav FD Interest Rates on Domestic and NRO Deposits
Bank of Baroda’s highest slab FD plan, Bob Utsav Deposit Scheme, has a tenure of 400 days. The interest rate under Utsav scheme is 7.30% for general customers, 7.8% for seniors and 7.9% for super seniors.
Also read: FD interest rates will start coming down soon! You can lock in your bank fixed deposits at interest rates of up to 9.5%
Bank of Baroda Utsav Deposit Scheme
Tenor Resident / General Public / NRO ROI (%)India Resident Senior Citizen ROI (%)*Resident Super Senior Citizen ROI(%)*Bob Utsav Deposit Scheme (400 Days)7.37.80 *7.90$Source: Bank of Baroda website
(* RTD up to 3 years includes additional ROI 0.50%, 10 years and above includes additional ROI 0.50%. $ includes 0.10% for seniors on deposits over 1 year up to 5 years) )
Bank of Baroda Fixed Deposit (Full Term)
Tenor Resident / General Resident Indian Senior Citizen Resident 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 ~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 or more but less than 1 year6.57.00*7.00*1 year6.857.35*7.35 *Over 1 year to 400 days (excluding 400 days)77.50*7.60$Over 400 days up to 2 years77.50*7.60$Over 2 years up to 3 years7.157.65*7.75$Over 3 years up to 5 years 6.87.40 #7.50$More than 5 years up to 10 years6. 57.50**7.50**More than 10 years (MACT/MACAD
(Court Ordered Scheme Only)6.256.75*6.75*Source: Bank of Baroda Website
(*Includes 0.50% additional ROI for RTDs up to 3 years and 0.50% additional ROI for 10+ years. # 14.10 onwards, 0.50+0.10 for RTDs beyond 3 years up to 5 years ( 2024, **Includes an additional ROI of 0.50%+0.50% on RTDs beyond 5 and up to 10 years for residential seniors, with 1 year added to the dollar. (includes 0.10% for seniors on deposits exceeding 5 years)
Bank of Baroda also offers various FD plans for NRIs such as NRO, NRE, FCNR fixed deposits. The bank accepts FCNR term deposits in US dollars, British pounds, euros, Australian dollars (AUD) and Canadian dollars (CAD).
