Bank of Baroda has increased interest rates of fixed deposits (FD) for amounts less than Rs 2 crore. The bank has hiked fixed deposit interest rates by up to 20 basis points (bps) across tenors. The new interest rates are effective from September 13, 2022, according to the Bank of Baroda website.

BOB fixed deposit interest rates

Bank of Baroda has hiked FD interest rate on tenures over one year. The interest rate on deposits with a one-year maturity date has increased from 5.30 percent to 5.50 percent, an increase of 20 basis points (bps). For tenure above 1 year to 2 years, interest rate has been hiked to 5.50 from 5.45 percent. The interest rate offered after the hike for tenure above 2 years and up to 3 years is 5.55 percent.

The interest rate on term deposits with maturities of three years or more and up to ten years has increased from 5.50 percent to 5.65 percent.

Senior Citizen FD interest rates

Bank of Baroda offers 3.50 percent to 6.50 percent interest rates on FDs for senior citizens.

Note: (* incl. additional ROI 0.50%, ** incl. additional ROI of 0.50%+0.50%, # incl. additional ROI of 0.50%+0.15%).

Baroda Tiranga Deposit Scheme ROI

The Baroda Tiranga Deposit Scheme, a unique term deposit product with higher interest rates, has been introduced by Bank of Baroda.

The interest rates are 5.75 percent for 444 days and 6.00 percent for 555 days for the two tenor buckets of the Baroda Tiranga Deposits. The new program is applicable to retail deposits under Rs 2 crore, and it goes into effect on August 16 and lasts through December 31, 2022.