Bank of Baroda latest FD rates: There is a good news for senior citizens. If you invest in FD, now Bank of Baroda has increased the interest rates on FD tremendously. Let us know which FD is getting the highest interest…
Public sector Bank of Baroda (BOB) has increased the interest rates on fixed deposits (FD) of various tenures by 1.25 percent. Earlier, State Bank of India (SBI) had also increased the interest rates on fixed deposits. BOB said in a statement, ‘The interest rate on fixed deposits of various tenures up to Rs 2 crore has been increased from 0.01 percent to 1.25 percent.’ The new rates are applicable from December 29, 2023.
According to the statement, the maximum increase of 1.25 percent has been made in the period of 7-14 days. The interest rate for these deposits has been increased from three percent to 4.25 percent. After this, the interest rate has been increased by one percent to 4.50 percent for the full period of 15-45 days.
New rates for senior citizens
There is good news here for senior citizens also. Let us tell you that now Bank of Baroda will provide 4.75% to 7.75% interest rate to senior citizens on deposits maturing in seven days to ten years.
Union Bank increased FD rates
Apart from this, Union Bank of India also increased the interest rates on FD. Interest rates on fixed tenure FDs for amounts less than ₹2 crore have been increased by up to 25 basis points (BPS). These rates are effective from December 27. After the latest increase, the bank is offering interest rates ranging from 3% to 7.25% on FDs maturing in seven days to ten years.
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