Bank of Baroda Revises Interest Rates on Savings Accounts and FDs: Check the New Rates

Bank of Baroda Savings Account Interest Rates

Effective Feb 25, 2022, BoB is granting an interest rate of 2.75% on savings bank accounts with an outstanding balance of up to Rs. 1.00 lakh. The bank currently grants an interest rate of 2.85% on outstanding balances ranging from Rs 1.00 lakh to Rs 200 crores. The bank currently grants an interest rate of 3.05% on outstanding balances of Rs 200 crores and above that are below Rs 500 crores. The bank currently grants an interest rate of 3.25% on outstanding bank deposits of Rs 500 crores and above but less than Rs 1,000 crores. Bank of Baroda is currently offering savings account customers an interest rate of 3.30% on balances of Rs 1,000 crores and above.

Outstanding deposits SB Balance Interest rates revised on 02/25/2022
Up to o/s Rs. 1.00 lakh 2.75%
Above Rs 1.00 lakh to less than Rs 200 crores 2.85%
Rs 200 crores and more to less than Rs 500 crores 3.05%
Rs 500 crores and more to less than Rs 1,000 crores 3.25%
Rs 1,000 crore and above 3.30%
Source: Bank website
Bank of Baroda Fixed Deposit Interest Rates for Regular Customers

Bank of Baroda Fixed Deposit Interest Rates for Regular Customers

From February 25, 2022, the BoB will pay the general public an interest rate of 2.80% on term deposits maturing between 7 and 45 days. On term deposits maturing in 46 days to 180 days, the bank now grants an interest rate of 3.70%. The bank currently offers an interest rate of 4.30% on deposits maturing between 181 and 270 days. Deposits maturing in 271 days or more but less than a year will now earn 4.40% interest. Fixed deposits with a maturity of one year will now pay 5.00% interest. The BoB will now pay an interest rate of 5.10% and 5.25% to the general public on term deposits with maturities between one and three years and between three and ten years. On fixed deposits of less than Rs 2 Cr, BoB now offers the following interest rates to the general public.

Tenors Interest rate in % pa
7 days to 14 days 2.8
15 days to 45 days 2.8
46 days to 90 days 3.7
91 days to 180 days 3.7
181 days to 270 days 4.3
271 days or more and less than 1 year 4.4
1 year 5
More than 1 year to 400 days 5.1
Above 400 days and up to 2 years 5.1
Above 2 years and up to 3 years 5.1
Above 3 years and up to 5 years 5.25
Above 5 years and up to 10 years 5.25
Source: Bank website (wef 25.02.2022)
Bank of Baroda Fixed Deposit Interest Rates for Senior Citizens

Bank of Baroda Fixed Deposit Interest Rates for Senior Citizens

Senior citizens will continue to benefit from an additional rate of 0.50% for all terms up to 5 years. However, the bank also offers a special deposit scheme for seniors with a deposit term of more than 5 years to a maximum of 10 years. On these deposits, the bank pays an additional rate of 1%, resulting in an interest rate of 6.25% for seniors. The bank mentioned on its website “1.00% for a duration” greater than 5 years up to 10 years “and valid until 31.03.2022”. Bank of Baroda is currently offering senior citizens the following interest rates on deposits of less than Rs 2 crore.

Tenors Interest rate in % pa
7 days to 14 days 3.3
15 days to 45 days 3.3
46 days to 90 days 4.2
91 days to 180 days 4.2
181 days to 270 days 4.8
271 days or more and less than 1 year 4.9
1 year 5.5
More than 1 year to 400 days 5.6
Above 400 days and up to 2 years 5.6
Above 2 years and up to 3 years 5.6
Above 3 years and up to 5 years 5.75
Above 5 years and up to 10 years 6.25
Source: Bank website (wef 25.02.2022)

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