Bank of Baroda Latest FD Rates 2024: If you also want to invest in BOB’s Fixed Deposit Scheme, this is big news for you. The Bank of Baroda has announced an increase of 125 basis points (bps) in the interest rates on its fixed deposits (FD). Let us see the complete details of BOB’s Latest FD Rates in 2024.
Bank of Baroda Latest FD Rates 2024:
The Bank of Baroda has recently increased fixed deposits (FDs). Bank of Baroda has increased the interest rate on FDs of select maturities. These rates have come into effect from 29 December 2023. If you are a customer of the Bank of Baroda, then you need to know what are the new FD interest rates. Let us understand the current slab of Bank of Baroda Latest FD Rates 2024.
BOB New Fixed Deposit Interest Rates 2024
According to the information available on the website of the Bank of Baroda (BOB), the revised interest rates have become effective from 29 December 2023. Let us see the complete details of BOB’s New Fixed Deposit Interest Rates for 2024. Let us tell you that Additional senior citizen rates of 50 bps (*) apply to resident Indian senior citizens only
Bank of Baroda FD rates on Domestic/NRO Deposits of less than Rs. 2 Crore
| Tenors | Interest Rates for Regular Customer | Interest Rates for Senior Citizens |
|---|---|---|
| 7 days to 14 days | 4.25% | 4.75% |
| 15 days to 45 days | 4.50% | 5.00% |
| 46 days to 90 days | 5.50% | 6.00% |
| 91 days to 180 days | 5.60% | 6.10% |
| 181 days to 210 days | 5.75% | 6.25% |
| 211 days to 270 days | 6.15% | 6.65% |
| 271 days to less than 1 year | 6.25% | 6.75% |
| 1 year | 6.85% | 7.35% |
| 399 Days (Tiranga Plus Scheme) | 7.15% | 7.65% |
| Above 1 year to 400 days | 6.85% | 7.35% |
| Above 400 days to up to 2 Years | 6.85% | 7.35% |
| Above 2 years to 3 years | 7.25% | 7.75% |
| Above 3 years to 5 years | 6.50% | 7.15*% |
| Above 5 years to 10 years | 6.50% | 7.50*% |
Bank of Baroda Official Statement on FD rate hikes
Ravindra Singh Negi, Chief General Manager – Retail Liabilities and NRI Business, Bank of Baroda, said the move will not only attract more customers as they will earn more on their savings but will also help the bank optimize the cost of deposits, Due to which our NIM will be protected.
He further added that Ravindra Singh Negi, Head of Retail Liabilities and NRI Business, said, “The decision to increase retail fixed deposit rates is in line with Bank of Baroda’s commitment to offering high value to our customers while strategically managing our deposit portfolio. Underlines.
Useful news for Bank of Baroda customers!
Bank of Baroda has increased interest rates by 125 basis points. These new FD rates have been implemented from December 29, which have been increased for FDs of less than Rs 2 crore. Let us tell you that the interest received on FDs is taxable.
The interest mentioned above rates is effective from 29 December 2023. BOB can change the interest rates without prior notice. For more information visit the official website of the Bank of Baroda “www.bankofbaroda.in“.