Bank of Baroda Fixed Deposit Rates
Bank of Baroda, one of Indias leading public-sector banks, has an impressive range of fixed deposit products on offer. Their FD schemes feature short, medium and long-term tenors at attractive interest rates. However, these rates are subject to change according to market conditions and banks liquidity requirements. Monitoring these changes can be difficult especially in the case of multiple holdings. The above table is constantly updated to reflect real-time FD interest rates in order to allow users to compare maturities based on the latest applicable rates.
BOB Short-term FD Rates
Returns are at 6.5% for deposit-periods of 60 and 90 day; at 7.3% for deposit-periods of 120 days and 6 months and at 7.75% for a 9-month holding. The lowest rate offered by BOB is on its 30-day deposit at 4.5%.
BOB Medium and Long-term FD Rates
BOBs fixed deposit rates are constant at 8.75% for tenors of 1 year and up to 5 years. Again, for tenures ranging above 5 years, the rate stands at 8.50%. The returns on these maturities are amongst the best in the market- making them attractive investment avenues for long-term holdings.
BOB Senior Citizen FD Rates
Long-term interest rates on Bank of Barodas FDs are higher by 0.5% for account-holders who are senior citizens. This applies to all schemes for deposits up to Rs.1 crore.
Kindly Note- All interest rates mentioned above are on a per-annum basis, compounded quarterly.
Bank of Baroda (BoB) has brought down interest rates across a number of its fixed deposit schemes. The reduction ranges between 0.15% - 0.40% depending on the deposit period and is effective for new deposits as of April 27th 2015. The reduced rates will also apply to deposits being renewed for a new term. The reduction is featured across both domestic as well as non-resident deposits.
Reductions made are as follows: by 0.15% to 0.30% for deposit periods of 91 days to 10 years, for amounts up to Rs.1 crore; by 0.25% to 0.40% for deposit periods of 91 days to 3 years, for amounts from Rs.1 crore to Rs.10 crores; by 0.25% for deposit periods of 91 days to 3 years for amounts from Rs.10 crores to Rs.25 crores; by 0.25% for deposit periods of 91 days to 4 years for amounts from Rs.25 crores to Rs.50 crores; by 0.25% for deposit periods of 91 days to 1 year for amounts from Rs.50 crores to Rs.100 crores.
This reductions comes off the back of reductions in fixed deposit interest rates made by a number of other public banks and a few top banks in the private sector.
No comments:
Post a Comment