Bank of Baroda hikes interest rates on retail term deposits

Mumbai (Maharashtra) [India]March 17 (ANI): Bank of Baroda on Friday announced that it will hike interest rates on domestic retail term deposits – NRO and NRE term deposits by 25 basis points.

These enhanced rates are applicable for deposits below Rs 2 crore with immediate effect.

The details of increase in rates along with respective deposit schemes are given in the table below:

Interest rates have also been increased on Baroda Tax Saving Term Deposit as well as Baroda Advantage Fixed Deposit, Non-callable Retail Term Deposit Scheme.

Notably, Bank of Baroda hiked retail fixed deposit interest rates by up to 65 bps in December 2022 and up to 100 bps in November 2022.

“Existing and new customers of Bank of Baroda can open FDs through any branch of the bank across India. An online FD can also be opened by existing customers through the Bank’s Mobile App (Bob World) / Net Banking (Bob World Internet). (ANI)

This report has been auto generated from ANI News Service. ThePrint is not responsible for its content.