At present, fixed deposits have become one of the places of trust for many. There are many who are now depositing money in the bank as well as making fixed deposits. But this time a bank gave a big shock to its customers with this FD. Actually, Bank of Baroda has revised the interest rates of fixed deposits. Interest rates on domestic bulk FDs ranging from Rs 3 crore to Rs 10 crore have been cut. The new rates have come into effect. Apart from this, the bank has also changed the interest rates of NRO and NER deposits, ranging from Rs 10 crore to Rs 1000 crore.
Bank of Baroda FD Rates
BOB is offering interest ranging from 5 percent to 7.45 percent on FDs ranging from Rs 3 crore to Rs 10 crore. The interest rate is the same for general and senior citizens. On term deposits between Rs 10 crore and Rs 1,000 crore, the bank can pay between 4.50 percent and 7.50 percent. Offering up to 75% interest. Let’s say how much return is being received on different FD tenures of less than Rs 10 crore.
BOB: Interest rates according to tenure
7 to 14 days: 5%
15 to 45 days: 5%
46 to 90 days: 5.75%
91 to 180 days: 5.75%
81 days to 210- 6.5%
211 to 270 days—6.75%
271 days to less than 1 year—6.75%
1 Year: 7.45%
1 year to more than 400 days: 6.85%
Above 2 years and up to 3 years: 6.50%
Above 3 years and up to 5 years: 6%
Above 5 years and up to 10 years: 5%.
How much interest will be available on investments less than Rs 3 crore?
On FDs of less than Rs 3 crore, the bank is currently offering interest ranging from 4.25% to 7.15%. Senior citizens are getting 0.50% extra interest. The bank is offering the highest interest on tenures of more than 2 years and up to 3 years.