Saturday, February 26, 2022

With effect from February 25, 2022, Bank of Baroda has increased the interest rates on Domestic, NRO, NRE Term Deposits of upto Rs. 2 crore and Rs. 2 crore to Rs. 10 crore.


Interest rates have also been hiked on Saving Deposits of Rs. 100 crore and above to less than Rs. 200 crore and Rs 500 crore and above.

 

Revised Rate of interest on slab wise SB Deposits (w.e.f 25/02/2022) are as under

SB deposits outstanding Balance

Earlier Interest Rate

Revised Interest Rates w.e.f 25/02/2022

Rs.100 crore and above to less than Rs.200 crore

2.75%

2.85%

Rs 500 crore and above to less than Rs 1,000 crore

3.10%

3.25%

Rs 1,000 crore and above

3.20%

3.30%

 

For Domestic & NRO Term Deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %) - Below Rs. Two Crore

Tenors

Earlier Interest Rate

Revised Interest Rates w.e.f 25/02/2022

1 year

4.90

5.00

Above 1 year to 400 days

5.00

5.10

Above 400 days and upto 2 Years

5.00

5.10

*In the current challenging situation brought by COVID-19, Bank has agreed to continue to pay additional rate to Resident Senior Citizen for less than Rs. 2.00 crore as under:

1.       0.50% for all tenors up to 5 years.

2.       1.00% for "Above 5 years to up to 10 years" tenor and valid till 31.03.2022.

3.       Sr. Citizen Preferential Rate is applicable only for "Resident Indian Sr. Citizen".

For Domestic Term Deposits & NRO Deposits [Per Annum] [Fresh & Renewal] [Callable] (ROI in %) - Rs. 2 Crore to up to Rs. 10 Crore

Tenors

Earlier Interest Rate

Revised Interest Rates w.e.f 25/02/2022

91 days to 180 days

3.25

3.50

1 year

3.80

4.25

 

 

For Baroda Advantage Fixed Deposit (Domestic/NRO/NRE) Accounts (Non Callable) Fresh & Renewal - Minimum Rs. 15.01 lakh to below Rs. 2 crore

Tenors

Earlier Interest Rate

Revised Interest Rates w.e.f 25/02/2022

1 year

4.95

5.05

Above 1 Years to 400 days

5.05

5.15

Above 400 days and upto 2 Years

5.05

5.15

 

For Baroda Advantage Fixed Deposit (Domestic/ NRO / NRE) Accounts (Non-Callable) (Fresh & Renewal) - (ROI in % p.a.) (Rs 2.00 crore and above & up to Rs 10.00 crore)

Tenors

Earlier Interest Rate

Revised Interest Rates w.e.f 25/02/2022)

1 Year

3.90

4.35

 

 

NRE Term (Rupee) Deposits [Fresh & Renewal] [Callable] (ROI in %) – Below Rs. 2 Crore

Tenors

Earlier Interest Rate

Revised Interest Rates w.e.f 25/02/2022)

1 year

4.90

5.00

Above 1 Year to 400 days

5.00

5.10

Above 400 days and upto 2 Years

5.00

5.10

 

 

NRE Term (Rupee) Deposits [Fresh & Renewal] [Callable] (ROI in % p.a.) Rs 2.00 crore and above & upto Rs 10.00 crore

Maturity Range

Earlier Interest Rate

Revised Interest Rates w.e.f 25/02/2022)

1 Year

3.80

4.25

 

For details: https://www.bankofbaroda.in/interest-rate-and-service-charges/deposits-interest-rates

 


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