Bank changes fixed deposit interest rates: Banks change the interest rates of their fixed deposits from time to time. Once again, Bank of Baroda has increased the fixed deposit (FD) rates in a similar manner. The bank has increased the interest rates of the bank by 50 basis points (bps). Let us tell you that the new interest rates will come into effect from October 9, 2023..
Ravindra Singh Negi, Chief General Manager – Retail Liabilities & NRI Business, Bank of Baroda has informed that interest rates have been increased on tenure of 2 to 3 years. Senior citizens will now get the benefit of interest rates up to 7.90% p.a.
How much interest rate is being received?
The bank is offering 7.40% p.a. to general citizens on this tenure. The interest rate for senior citizens is 7.90% p.a. Is giving the benefit of interest rates. Bank Tiranga Plus Deposit Scheme offers customers 7.80% p.a. for 399 days. Is giving benefit of interest rates. Whereas Yes Bank and HDFC Bank have cut interest rates on select tenures on fixed deposits of less than Rs 2 crore.