Bank of Baroda fixed deposit interest rate increased. Senior Citizens can get up to 6.8% | The Financial Express

Bank of Baroda fixed deposit interest rate increased. Senior Citizens can get up to 6.8%

Bank of Baroda has increased Fixed Deposit interest rates on domestic term deposits of below Rs 2 crore.

Bank of Baroda fixed deposit interest rate increased. Senior Citizens can get up to 6.8%
Bank Of Baroda has increased Fixed Deposit Interest Rates. Representational image

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 Year5.305.50
Above 1 Year to 400 days5.455.50
Above 400 days to 2 Years5.455.50
Above 2 Years to 3 Years5.505.55
Above 3 Years to 5 Years5.505.65
Above 5 Years to 10 Years5.505.65
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 Year5.806.00
Above 1 Year to 400 days5.956.00
Above 400 days to 2 Years5.956.00
Above 2 Years to 3 Years6.006.05
Above 3 Years to 5 Years6.156.30
Above 5 Years to 10 Years6.506.65
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 Year5.455.65
Above 1 Year to 400 days5.605.65
Above 400 days to 2 Years5.605.65
Above 2 Years to 3 Years5.655.70
Above 3 Years to 5 Years5.655.80
Above 5 Years to 10 Years5.655.80
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 Year5.956.15
Above 1 Year to 400 days6.106.15
Above 400 days to 2 Years6.106.15
Above 2 Years to 3 Years6.156.20
Above 3 Years to 5 Years6.306.45
Above 5 Years to 10 Years6.656.80
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 Year5.305.50
Above 1 Year to 400 days5.455.50
Above 400 days to 2 Years5.455.50
Above 2 Years to 3 Years5.505.55
Above 3 Years to 5 Years5.505.65
Above 5 Years to 10 Years5.505.65

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. 

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