Bank of Baroda fixed deposit interest rate: Bank of Baroda has increased Fixed Deposit interest rates on domestic term deposits of below Rs 2 crore. The increased rate is effective from 13 September 2022, the bank said in a statement.
Bank of Baroda is now offering interest up to 6.8% for senior citizens under Baroda Advantage Fixed Deposit (Domestic) Accounts for minimum Rs 15.01 lakh to below Rs 2 crore deposits.
| Domestic & NRO Term Deposits Below Rs 2.00 Crore [Fresh & Renewal] [Callable] | ||
| Tenors | Old Rate (% p.a.) | New Rate (% p.a.)(w.e.f. 13.09.2022) |
| 1 Year | 5.30 | 5.50 |
| Above 1 Year to 400 days | 5.45 | 5.50 |
| Above 400 days to 2 Years | 5.45 | 5.50 |
| Above 2 Years to 3 Years | 5.50 | 5.55 |
| Above 3 Years to 5 Years | 5.50 | 5.65 |
| Above 5 Years to 10 Years | 5.50 | 5.65 |
| Domestic Term Deposits Below Rs 2.00 Crore – Resident Senior Citizens [Fresh & Renewal] [Callable] | ||
| Tenors | Old Rate (% p.a.) | New Rate (% p.a.)(w.e.f. 13.09.2022) |
| 1 Year | 5.80 | 6.00 |
| Above 1 Year to 400 days | 5.95 | 6.00 |
| Above 400 days to 2 Years | 5.95 | 6.00 |
| Above 2 Years to 3 Years | 6.00 | 6.05 |
| Above 3 Years to 5 Years | 6.15 | 6.30 |
| Above 5 Years to 10 Years | 6.50 | 6.65 |
| Baroda Advantage Fixed Deposit (Domestic/ NRO/ NRE) Accounts (Non-Callable) (Fresh & Renewal) for Minimum Rs 15.01 Lakh to below Rs 2.00 Crore | ||
| Tenors | Old Rate (% p.a.) | New Rate (% p.a.)(w.e.f. 13.09.2022) |
| 1 Year | 5.45 | 5.65 |
| Above 1 Year to 400 days | 5.60 | 5.65 |
| Above 400 days to 2 Years | 5.60 | 5.65 |
| Above 2 Years to 3 Years | 5.65 | 5.70 |
| Above 3 Years to 5 Years | 5.65 | 5.80 |
| Above 5 Years to 10 Years | 5.65 | 5.80 |
| Baroda Advantage Fixed Deposit (Domestic) Accounts for Resident Senior Citizens [Non-Callable] [Fresh & Renewal] for Minimum Rs 15.01 Lakh to below Rs 2.00 Crore | ||
| Tenors | Old Rate (% p.a.) | New Rate (% p.a.)(w.e.f. 13.09.2022) |
| 1 Year | 5.95 | 6.15 |
| Above 1 Year to 400 days | 6.10 | 6.15 |
| Above 400 days to 2 Years | 6.10 | 6.15 |
| Above 2 Years to 3 Years | 6.15 | 6.20 |
| Above 3 Years to 5 Years | 6.30 | 6.45 |
| Above 5 Years to 10 Years | 6.65 | 6.80 |
| NRE Term (Rupee) Deposits – Below Rs 2.00 Crore [Fresh & Renewal] [Callable] | ||
| Tenors | Old Rate (% p.a.) | New Rate (% p.a.)(w.e.f. 13.09.2022) |
| 1 Year | 5.30 | 5.50 |
| Above 1 Year to 400 days | 5.45 | 5.50 |
| Above 400 days to 2 Years | 5.45 | 5.50 |
| Above 2 Years to 3 Years | 5.50 | 5.55 |
| Above 3 Years to 5 Years | 5.50 | 5.65 |
| Above 5 Years to 10 Years | 5.50 | 5.65 |
The Bank of Baroda is also offering a Baroda Tiranga Deposit Scheme, which is available in two tenor buckets – with interest rates of 5.75% p.a. for 444 days and 6.00% p.a. for 555 days. The scheme will be available till 31st December 2022. Senior citizens earn an additional interest rate of 0.50% p.a., while Non-Callable Deposits get 0.15% p.a. extra.