Active Stocks
Thu Mar 28 2024 13:29:23
  1. Tata Steel share price
  2. 155.35 1.64%
  1. HDFC Bank share price
  2. 1,453.65 0.90%
  1. Power Grid Corporation Of India share price
  2. 277.05 2.21%
  1. ITC share price
  2. 429.45 0.34%
  1. State Bank Of India share price
  2. 754.85 2.83%
Business News/ Industry / Banking/  Bank of Baroda (BoB) hikes bulk FD rates with up to 7.70% on these tenures
BackBack

Bank of Baroda (BoB) hikes bulk FD rates with up to 7.70% on these tenures

Bank of Baroda (BoB), a public sector lender, raised interest rates on bulk domestic fixed deposits, including NRO deposits of more than ₹10 crore, to up to ₹1000 crore.

For bulk fixed deposits maturing in one to two years, BoB will now provide a maximum interest rate of 7.70%.Premium
For bulk fixed deposits maturing in one to two years, BoB will now provide a maximum interest rate of 7.70%.

Bank of Baroda (BoB), a public sector lender, raised interest rates on bulk domestic fixed deposits, including NRO deposits of more than 10 crore, to up to 1000 crore. After the adjustment, the bank is now providing interest rates on deposit tenors ranging from 7 days to 5 years that range from 4.50% to 5.25%. For bulk fixed deposits maturing in one to two years, BoB will now provide a maximum interest rate of 7.70%. The bank's official website states that as of February 27, 2023, the revised bulk fixed deposit interest rates are in effect.

BoB Bulk FD Rates

On bulk fixed deposits maturing in 7 days to 14 days the bank is offering an interest rate of 4.50% and on those maturing in 15 days to 45 days, Bank of Baroda (BoB) is now promising an interest rate of 5.00%. Bank of Baroda (BoB) is now promising an interest rate of 6.00% on a deposit tenor of 46 days to 90 days and an interest rate of 6.85% on a deposit tenor of 91 days to 180 days.

Bulk fixed deposits maturing in 181 days to 270 days will now fetch an interest rate of 7% and those maturing in 271 days & above and less than 1 year will now fetch an interest rate of 7.25%. On bulk fixed deposits maturing in 1 year to 2 years, the bank is offering an interest rate of 7.70% and on those maturing from above 2 years and upto 3 years, BoB is now offering an interest rate of 6.00%. Deposits maturing from above 3 years and upto 5 years will now fetch an interest rate of 5.25% at Bank of Baroda.

BoB Bulk FD Rates
View Full Image
BoB Bulk FD Rates (bankofbaroda.in)

Bank of Baroda also hiked interest rates on Baroda Advantage fixed deposit (Domestic) accounts of above Rs. 10 crores to upto Rs.1000 Crores. On a deposit tenor of 1 year to 2 years, the bank is offering an interest rate of 7.80% and on those maturing from above 2 years and upto 3 years, BoB is offering an interest rate of 6.10%. BoB is offering an interest rate of 5.35% on Baroda Advantage fixed deposits maturing from above 3 years and upto 5 years.

“In case, the customer wishes to make changes in the tenure or wants premature proceeds of the Term deposit, the same is allowed at the written request of the customer. In case of deposits under callable scheme premature withdrawal of bulk deposit is done as per Bank’s discretion," mentioned Bank of Baroda on its website.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

ABOUT THE AUTHOR
Vipul Das
Vipul Das is a Digital Business Content Producer at Livemint. He previously worked for Goodreturns.in (OneIndia News) and has over 5 years of expertise in the finance and business sector. Stocks, mutual funds, personal finance, tax, and banking are among his specialties, and he is a professional in industry research and business reporting. He received his bachelor's degree from Dr. CV Raman University and also have completed Diploma in Journalism and Mass Communication (DJMC).
Catch all the Industry News, Banking News and Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Published: 28 Feb 2023, 04:05 PM IST
Next Story footLogo
Recommended For You
Banking Stocks
₹1,053.6-0.43%
₹1,440.70.99%
₹1,0841.53%
₹122.751.79%
₹734.052.92%
Switch to the Mint app for fast and personalized news - Get App