Home Business Financial institution of Baroda revises rates of interest on fastened deposits for as much as Rs 2 cr 

Financial institution of Baroda revises rates of interest on fastened deposits for as much as Rs 2 cr 

Financial institution of Baroda revises rates of interest on fastened deposits for as much as Rs 2 cr 

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Financial institution of Baroda (BoB) has raised rates of interest on fastened deposits (FDs) with impact from March 22 for deposits of lower than Rs 2 crore. After this revision, Financial institution of Baroda’s newest FD rates of interest vary from 2.80 per cent to five.55 per cent for maturities between 7 days and 10 years.  

Financial institution of Baroda is giving an rate of interest of two.80 per cent on FDs maturing in 7 days to 45 days. For maturity intervals 46 days to 180 days and 181 days to 270 days, the financial institution offers an rate of interest of three.7 per cent, 4.30 per cent respectively. On FDs maturing in 271 days or extra however lower than one yr, its charge is 4.4 per cent.  

Financial institution of Baroda will give 5.1 per cent on deposits above 1 yr and as much as three years. Financial institution of Baroda is providing the best charge of 5.35 per cent on FDs with a tenure of above 3 years and as much as 10 years. 

Banks provide a particular rate of interest on FD for senior residents. In BoB, senior residents get an extra curiosity of 0.50 per cent on home time period deposits of lower than Rs 2 crores forever intervals.  

Senior residents will obtain a 6.35 p.c rate of interest on deposits maturing in additional than 5 years and as much as 10 years, which is a 1 per cent extra over and above the common charge. Senior residents beforehand acquired a 5.6 p.c rate of interest on deposits maturing in a couple of yr to a few years, however now they may obtain a 5.70 p.c rate of interest, a 10-basis level enhance. 

Revised BOB fastened deposit charges 

7 days to 14 days – 2.80 per cent 
15 days to 45 days- 2.80 per cent 
46 days to 90 days – 3.70 per cent 
91 days to 180 days 3.70 per cent 
181 days to 270 days – 4.30 per cent 
271 days & above and fewer than 1 yr –  4.40 per cent 
1 yr –  5.00 per cent 
Above 1 yr to 400 days –  5.10 5.2 per cent 
Above 400 days and upto 2 Years 5.10 – 5.2 per cent 
Above 2 Years and upto 3 Years 5.10 – 5.2 per cent 
Above 3 Years and upto 5 Years 5.25-  5.35 per cent 
Above 5 Years and upto 10 Years 5.25-  5.35 per cent 

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