Bank of Baroda has increased the interest rate on retail term deposits by 0.25 percent.

Bank of Baroda has increased the interest rate on retail term deposits by 0.25 percent.


copy photo

google creative common

The new rates have come into effect from March 17, 2023. Interest rates have also been increased on Bank of Baroda Tax Saving Term Deposit and Baroda Advantage Fixed Deposit. The interest rate on deposits for a period of three years to five years will now be 6.5 percent.

New Delhi. Public sector Bank of Baroda (BoB) has increased the interest rate on domestic retail term deposits by 0.25 percent. Interest rates have been increased on select term deposits. Deposits on which interest rates have been increased include NRO (Non Resident Ordinary Account) and NRE (Non Resident External Account) term deposits. BOB said in a statement that these rates would be applicable for deposits of less than Rs 2 crore.

The new rates have come into effect from March 17, 2023. Interest rates have also been increased on Bank of Baroda Tax Saving Term Deposit and Baroda Advantage Fixed Deposit. The interest rate on deposits for a period of three years to five years will now be 6.5 percent. In case of resident Indian senior citizens, it is 7.15 per cent. The rate of interest on term deposits of five years to ten years will be 6.5 percent while for senior citizens it will be 7.5 percent.

Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.



other news





Source link