Bank of Baroda hikes interest rates on Term Deposits and Savings Deposits, effective immediately
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
| 1 | Domestic & NRO Term Deposits Below Rs 2.00 Crore [Fresh & Renewal] [Callable] | ||
| Tenors | Old Rates | Revised Rates(w.e.f. 15.06.2022) | |
| Above 1 Year to up to 400 days | 5.20 | 5.45 | |
| Above 400 days to up to 2 Years | 5.20 | 5.45 | |
| Above 2 Years to up to 3 Years | 5.20 | 5.50 | |
| 2 | Domestic Term Deposits Below Rs 2.00 Crore – Resident Senior Citizens [Fresh & Renewal] [Callable] | ||
| Tenors | Old Rates | Revised Rates(w.e.f. 15.06.2022) | |
| Above 1 Year to up to 400 days | 5.70 | 5.95 | |
| Above 400 days to up to 2 Years | 5.70 | 5.95 | |
| Above 2 Years to up to 3 Years | 5.70 | 6.00 | |
| 3 | NRE Term (Rupee) Deposits – Below Rs 2.00 Crore [Fresh & Renewal] [Callable] | ||
| Tenors | Old Rates | Revised Rates(w.e.f. 15.06.2022) | |
| Above 1 Year to 400 days | 5.20 | 5.45 | |
| Above 400 days to up to 2 Years | 5.20 | 5.45 | |
| Above 2 Years to up to 3 Years | 5.20 | 5.50 | |
| 4 | Baroda 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 Rates | Revised Rates(w.e.f. 15.06.2022) | |
| 1 Year | 5.05 | 5.15 | |
| Above 1 Year to 400 days | 5.25 | 5.60 | |
| Above 400 days to up to 2 Years | 5.25 | 5.60 | |
| Above 2 Years to up to 3 Years | 5.25 | 5.65 | |
| Above 3 Years to up to 5 Years | 5.45 | 5.50 | |
| Above 5 Years to up to 10 Years | 5.45 | 5.50 | |
| 5 | Baroda 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] | ||
| Tenors | Old Rates | Revised Rates(w.e.f. 15.06.2022) | |
| 1 Year | 5.55 | 5.65 | |
| Above 1 Year to up to 400 days | 5.75 | 6.10 | |
| Above 400 days to up to 2 Years | 5.75 | 6.10 | |
| Above 2 Years to up to 3 Years | 5.75 | 6.15 | |
| Above 3 Years to up to 5 Years | 6.10 | 6.15 | |
| Above 5 Years to up to 10 Years | 6.45 | 6.50 |
Bank of Baroda’s Revised Interest Rates on Savings Deposits
| SB Interest Rate Slab on O/S Balance | Old Rates | Revised Rates(w.e.f. 15.06.2022) |
| Rs.100 crore and above to less than Rs.200 crore | 2.85% | 2.90% |
| Rs 500 crore and above to less than Rs 1,000 crore | 3.25% | 3.35% |
| Rs 1,000 crore and above | 3.30% | 3.35% |
