Fixed Deposit Interest Rate Hike: According to the new interest rates, now customers will get interest ranging from 2.80% to 5.35 percent on FDs with tenures ranging from 7 days to 10 years.
Fixed Deposit Interest Rate Hike: Public sector bank, Bank of Baroda (BoB) has announced a hike in interest rates on fixed deposits (FDs). According to the new interest rates, now customers will get 2.80% to 5.35 percent interest on FDs with tenures ranging from 7 days to 10 years. These new rates have come into effect from 22 March i.e. tomorrow. Under this, customers will get interest at the rate of 2.80% on FDs maturing in 7 days to 45 days. Similarly, on FDs maturing in 46 days to 180 days, 3.7% and FDs maturing in 181 days to 270 days, customers will get interest at the rate of 4.30%.
Also, FDs maturing in 271 days or more but less than 1 year have an interest rate of 4.4%. The interest rate for deposits maturing in one year is 5%. The interest rate for FDs above 1 year and up to three years is 5.1%. At the same time, it is 5.35% on FDs above 3 years and up to 10 years.
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Latest FD rate for general public
- 7 days to 14 days – 2.80%
- 15 days to 45 days – 2.80%
- 46 days to 90 days – 3.70%
- 91 days to 180 days – 3.70%
- 181 days to 270 days – 4.30%
- 271 days and above and less than 1 year – 4.40%
- 1 year – 5.00%
- 400 days above 1 year – 5.2%
- Above 400 days to 2 years – 5.2%
- Above 2 years to 3 years 5.2%
- Above 3 years to 5 years – 5.35%
- Above 5 years to 10 years – 5.35%
- Above 10 years (Court Order Schemes only for MACT/MACAD) -5.10%
interest rate for senior citizens
The bank offers special interest rates on FDs for senior citizens. Senior citizens get an additional interest of 0.50% on FDs below ₹2 crore for all tenors. ICICI Bank has also increased the interest rates on FDs by 5-10 basis points. Their new rates have come into effect from 22 March.
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