Bank of Baroda new FD interest rates for 2024 - Details here

Bank of Baroda (BOB), one of the prominent government banks in the country, has recently announced a revision in its Fixed Deposit (FD) interest rates. This move is aimed at providing customers with more attractive returns on their investments.

Key Highlights:

Short-Term Gains:

• BOB has increased the interest rates on FDs of less than one year, offering a lucrative 4.25 percent instead of the previous 3 percent on FDs of 7 to 14 days.
• For 90-day FDs, the bank is now offering an enticing 5.50 percent interest rate.

Implementation Date:

• The revised interest rates came into effect from December 29, 2023.

Special Offer for Senior Citizens:

• Senior citizens are set to benefit even more, with BOB offering an impressive 7.25 percent interest on FDs lasting for 365 days.

Competitive Edge:

• Comparing the rates with other government banks, BOB's latest offering stands out as the most lucrative deal for customers looking to earn higher interest in a shorter period.

Detailed FD Interest Rates:

Interest rates for general public and senior citizens:

• 7 days to 14 days: 4.25% (General) / 4.75% (Senior Citizens)
• 15 days to 45 days: 4.50% / 5.00%
• 46 days to 90 days: 5.50% / 6.00%
• 91 days to 180 days: 5.60% / 6.10%
• 181 days to 210 days: 5.75% / 6.25%
• 211 days to 270 days: 6.15% / 6.65%
• 271 days and above, less than 1 year: 6.25% / 6.75%
• 1 year: 6.85% / 7.35%
• 1 year to more than 400 days: 6.75% / 7.25%
• More than 400 days up to 2 years: 6.75% / 7.25%
• Above 2 years up to 3 years: 7.25% / 7.75%
• Above 3 years up to 5 years: 6.50% / 7.00%
• More than 5 years to 10 years: 6.50% / 7.00%
• Above 10 years (Court Order Scheme): 6.25% / 6.75%
• 399 days (Baroda Tricolor Plus Deposit Scheme): 7.16% / 7.65%

With these revised FD interest rates, BOB has positioned itself as a leading choice for investors seeking competitive returns on their fixed deposits. Customers are encouraged to explore the various tenure options to maximize their earnings under the new interest rate structure.