New Delhi: Bank of Baroda has increased fixed deposit (FD) interest rates for FDs of up to Rs 3 crore. Bank of Baroda's new FD rates are effective from today 13 August 2024.
Check Bank of Baroda FD Interest Rate w.e.f. from 13 August 2024
| Tenors | Residents / General Public | Resident Indian Sr. Citizen |
|---|---|---|
| 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 & above and less than 1 year (except 333Days and 360 Days) | 6.25 | 6.75* |
| 333 Days (bob Monsoon Dhamaka Deposit Scheme) | 7.15 | 7.65* |
| 360 Days (bob360) | 7.10 | 7.60* |
| 1 year | 6.85 | 7.35* |
| 399 Days (bob Monsoon Dhamaka Deposit Scheme) | 7.25 | 7.75* |
| Above 1 year to 400 days (Except 399 Days) | 6.85 | 7.35* |
| Above 400 days and upto 2 Years | 6.85 | 7.35* |
| Above 2 Years and upto 3 Years | 7.15 | 7.65* |
| Above 3 Years and upto 5 Years | 6.50 | 7.15 # |
| Above 5 Years and upto 10 Years | 6.50 | 7.50** |
| Above 10 years (MACT/MACAD Court Order schemes only) |
6.25 | 6.75* |
Meanwhile, Bandhan too has announced a new bucket of 1 year 9 months at interest rate of 8.50 percent.
"For a fixed deposit of 1 year 9-month, the bank offers 8.5% interest rates for senior citizens. On the same FD tenure, other customers will earn 8%. Bandhan Bank also offers an interest rate of 7% on a balance above Rs.10 lakh in the savings account," Bandhan Bank said in a statement today.
The Bank said that it is also offering an attractive and competitive interest rate of 7.75% to senior citizens on longer-term fixed deposits for a tenure above 1 Year 9 Months to less than 5 years. Others will earn 7.25% for the same term deposits.
Earlier this month, Union Bank, ICICI Bank and Bank of India too announced rate revision in its fixed deposit for FDs of up to Rs 3 crore.
