Mumbai/Hyderabad, November 14, 2022: Bank of Baroda, one of India’s leading public sector banks, today announced an increase in retail term deposit interest rates by up to 100 basis points. Rates have been increased on Domestic Term Deposits and NRE Term Deposits below Rs 2 crore. These rates are applicable with effect from November 14, 2022.
Interest rates have also been hiked on bulk Saving Deposits of Rs. 50 crore and above to less than Rs. 200 crores by up to 25 basis points.
Existing and new customers of the Bank of Baroda can open an FD through any of the Bank’s branches across India. An online FD can also be opened by existing customers via the Bank’s Mobile app (bob World)/ Net Banking (bob World Internet).