Bank of Baroda is Giving Strong Interest on FD, Know All Investment Plans details

Arpa Times December 27, 2022

Bank of Baroda : Bank of Baroda has given gifts to its customers even before the beginning of the new year. This public sector bank has increased the interest rates on its retail fixed deposits (Retail FD). The new interest rates are applicable from December 26 on deposits of less than Rs 2 crore. After the increase, the bank will now give interest at the rate of 3 percent to 7 percent to regular citizens for a period ranging from 7 days to 10 years. After increasing the repo rate of the Reserve Bank (RBI), private and public sector banks of the country are increasing the interest rates of their fixed deposit schemes.

Bank of Baroda : Tiranga Plus Deposit Scheme

According to the press release of Bank of Baroda, the bank has also increased the interest rates of Special Tiranga Plus Deposit Scheme. Baroda Tricolor Plus Deposit Scheme for 399 days will now get interest at the rate of 7.05 percent. This includes an increase of 0.50 per cent. At the same time, senior citizens will get interest at the rate of 7.55 percent on investment in this scheme. Bank of Baroda has increased interest rates on retail fixed deposits for the second time in this quarter. In the month of November too, Bank of Baroda had increased the interest rates on fixed deposits.

Interest Rate On FD

Bank will get interest at the rate of 3% on FDs maturing in 7 days to 45 days. The bank will provide interest at the rate of 4% on fixed deposits maturing in 46 days to 180 days. Bank of Baroda will now pay 5.25 per cent interest rate on FDs maturing between 181 and 270 days, 5.75 per cent interest on FDs maturing in 271 days and above in less than one year.

Bank of Baroda : Interest On 10 Year FD

Deposits maturing in one year to three years will now get interest at the rate of 6.75 per cent. While fixed deposits maturing in two years or more will continue to earn 5.45 per cent interest. Bank of Baroda will get interest at the rate of 6.25 percent on fixed deposits of more than three years and up to ten years. Under the Baroda Tricolor Deposit Scheme. Bank is offering 6.75 per cent interest on deposits of 444 days and 555 days.