We have already covered the latest Fixed Deposit Interest rates by comparing all bank FD interest rates. We also discussed SBI fd interest rates in 2023. Now in this article, we are going to discuss in detail about latest Bank of Baroda FD interest rates for the general public and senior citizens also. Bank of Baroda is nationalized and a leading bank in itself. The latest Bank of Baroda FD interest rates have been revised from 12/05/2023.
Bank of Baroda FD Interest Rate 2023 (below 2cr)
| Tenure | General Public | Senior Citizen |
| 7 Days to 14 Days | 3.00% | 3.50% |
| 15 Days to 45 Days | 3.00% | 3.50% |
| 46 Days to 90 Days | 4.50% | 5.00% |
| 91 Days to 180 Days | 4.50% | 5.00% |
| 181 Days to 210 Days | 5.25% | 5.75% |
| 211 Days to 270 Days | 5.75% | 6.25% |
| 271 Days to 1 Year | 5.75% | 6.25% |
| 1 Year | 6.75% | 7.25% |
| 1 Year to 400 Days | 6.75% | 7.25% |
| 2 Year to 3 Years | 7.05% | 7.55% |
| 3 Year to 5 Years | 6.50% | 7.15% |
| 5 Years to 10 Years | 6.50% | 7.50% |
Note: The above-mentioned interest rates are effective from 12 May 2023.
Bank of Baroda FD Interest Rate 2023(Above 2 cr.)
| Tenure | Interest Rates for 2 cr to 10 cr | Interest Rates for Above 10 cr |
| 7 days to 14 days | 4.00% | 4.50% |
| 15 days to 45 days | 4.50% | 5.00% |
| 46 days to 90 days | 5.25% | 5.50% |
| 91 days to 180 days | 5.00% | 6.00% |
| 181 days to 270 days | 5.00% | 7.00% |
| 271 days to less than 1 year | 6.00% | 7.25% |
| 1 Year | 7.55% | 7.55% |
| Above 1 year to 15 month | 6.25% | 7.00% |
| Above 15 months to 2 years | 6.25% | 7.00% |
| Above 5-year to 10-year | 5.00% | NA |
Note: The above rate of interest is effective w.e.f 5th June 2023.
Bank of Baroda Tax Savings Term Deposit Rates
| Tenure | Rate of Interest for General Public (p.a.) | Rate of Interest for Senior Citizens (p.a.) |
| 5 years | 6.50% | 7.15% |
| Above 5 years – Up to 10 years | 6.50% | 7.50% |
Note: The above-mentioned interest rates are effective from 12 May 2023.
Bank of Baroda NRE Fixed Deposit Rates( Below 2 cr.)
| Tenure | Rate of Interest (p.a.) |
| 1 year | 6.75% |
| Above 1 year – 400 days | 6.75% |
| Above 400 days – Up to 2 years | 6.75% |
| Above 2 years – Up to 3 years | 7.05% |
| Above 3 years – Up to 5 years | 6.50% |
| Above 5 years – Up to 10 years | 6.50% |
| 399 Days (Baroda Tiranga Plus Deposit Scheme) | 7.25% |
Note: The above-mentioned interest rates are effective from 12 May 2023.
Conclusion
From the above facts and figures, we have concluded that BOB interest rates are slightly lower than SBI FD rates.
Notes:
- For Senior Citizens an additional interest @0.50 % is payable on fixed deposits of below 2cr.
- Minor accounts can be opened for individuals above 10 years subject to a maximum cap of Rs.100,000.
- Interest earned on fixed deposits for NRE & FCNR is tax-free.
- The maximum tenure of the deposit will not exceed 10 years.
- Interest will be computed quarterly.
- No loan is to be given by considering the deposit as a security.
- Premature payment is not allowed.
- There are other FD schemes also with bob name Monthly income plan, Quarterly income plan, etc. For more information follow the link: www.bankofbaroda.in
Nupur Tanan
"Nupur Tanan" works at Financewisdom.in. She has experience in writing a vast range of varied content. She write knowledgeable, well-researched, and engaging articles on various personal finance and banking related topics.
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