Bank of Baroda (BOB) has reduced its interest rates for bulk fixed deposits (FDs) ranging from Rs 3 crore to Rs 10 crore. The revised rates are applicable from January 1, 2025. Existing FDs are not affected by this change. The reduced interest rates range from 5% to 7.45% for a tenure of 7 days to 10 years, depending on the customer type (general public or senior citizens). The most significant reduction in interest rates is for FDs with a tenure of 91 days to 1 year, where the new rate is 5.75% for both general public and senior citizens, compared to earlier rates of up to 7.45% for senior citizens. Customers can check the updated rates on BOB’s website or at any bank branch.
FD Interest Rates Update: Check the current interest rate for Fixed Deposits at this bank
by newsworm | Jan 2, 2025 | Bank of Baroda, Banking