New Delhi: State-owned lender Bank of Baroda has revised fixed deposit rates with effect from September 5, 2024. The FD rate revision applies to fixed deposits up to Rs 3 crore. The RBI revised the ceiling of deposits to RS 3 crore from RS 2 crore earlier this year in a bid to boost bank deposits.
The bank is offering a flagship interest rate of 7.15 per cent on 333-day tenor FDs, which earn up to 7.65 per cent interest for senior citizens. The bob360 FD rate offers the next best returns of 7.10 per cent to general depositors and 7.60 per cent to senior citizen depositors.
Bank of Baroda revised FD rates
| Tenors | Residents / General Public | Resident Indian Sr. Citizen |
| 7 days to 14 days | 4.25 | 4.75* |
| 15 days to 45 days | 4.5 | 5.00* |
| 46 days to 90 days | 5.5 | 6.00* |
| 91 days to 180 days | 5.6 | 6.10* |
| 181 days to 210 days | 5.75 | 6.25* |
| 211 days to 270 days | 6.25 | 6.75* |
| 271 days & above and less than 1 year (except 333Days and 360 Days) | 6.5 | 7.00* |
| 333 Days (Bob Monsoon Dhamaka Deposit Scheme) | 7.15 | 7.65* |
| 360 Days (bob360) | 7.1 | 7.60* |
| 1 year | 6.85 | 7.35* |
| 399 Days (bob Monsoon Dhamaka Plus Deposit Scheme) | 7.3 | 7.80* |
| Above 1 year to 400 days (Except 399 Days) | 7 | 7.50* |
| Above 400 days and upto 2 Years | 7 | 7.50* |
| Above 2 Years and upto 3 Years | 7.15 | 7.65* |
| Above 3 Years and upto 5 Years | 6.5 | 7.15 # |
| Above 5 Years and upto 10 Years | 6.5 | 7.50** |
| Above 10 years (MACT/MACAD Court Order schemes only) |
6.25 |
|
Bank of Baroda Monsoon Dhamaka FD rates
Bank of Baroda also announced the BoB Monsoon Dhamaka Plus offer on Teacher’s Day which earns up to 7.95 per cent interest on FDs with up to 0.50 per cent additional returns offered to senior citizens. The bank offers another 0.15 per cent additional interest in top of these rates on non-callable deposits.
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