Friday, February 23rd, 2024

FD of this government bank became more attractive, interest rates increased by 0.50%


Photo:PIXABAY fixed deposit

Making FD in public sector Bank of Baroda has now become more attractive for investors than before. The bank has increased the interest rates on fixed deposits by 0.50 percent. This increase has been made for different periods up to 3 years. New rates (Bank of Baroda FD Interest rate) Rates are applicable for deposits less than Rs 2 crore from October 9, 2023. According to Livemint news, the bank is offering interest rates up to 7.40 percent per annum. Senior citizens can now earn up to 7.90 percent interest on FD.

Change in interest rates on Tricolor Plus Deposit Scheme

According to the news, Bank of Baroda has also changed the interest rates on its Tricolor Plus Deposit Scheme for 399 days. Senior citizens will get 7.80 percent interest annually. Bank of Baroda had earlier increased retail term deposit interest rates in May 2023 and March 2023. Additionally, the Bank has increased bulk deposit interest rates (for deposits ranging from ₹2 crore to ₹10 crore) by up to 1 per cent for various tenures.

Private banks have also made changes
To open FD in Bank of Baroda, existing and new customers can open a new FD in any branch of the bank. Online FD can also be opened by existing customers through the Bank’s Mobile App (BOB World)/Net Banking (BOB World Internet). Private sector banks Yes Bank and HDFC Bank have cut fixed deposit interest rates on select tenures for deposits below ₹2 crore. IndusInd Bank and Punjab & Sind Bank have also changed the FD interest rates on their fixed deposits in October 2023.

Latest Business News



Whatsapp GroupJoin
Telegram channelJoin

What will happen to Vodafone-Idea, how much will mobile bills increase? Know what will be the changes in the telecom sector in 2023

Photo: File Telecom Sector In the telecom sector, this year, along with increasing income by increasing internet usage and tariff rates, there will be an emphasis on 5G services. This year will also prove...

There is a lot of holidays in banks during January, in the first month of 2023, banks will remain closed for a total of 14 days.

Bank Holidays in January 2023: The month of December is about to end and the new year is about to begin soon. In such a situation, before the beginning of the new year, know...

Retirement planning will be easy, soon you will be able to invest in NPS from post office and bank branch, read full news

Photo: FREEPIK retirement pension fund regulator Chairman of Pension Fund and Development Authority (PFRDA) Deepak Mohanty has said that to make the pension product NPS easily accessible to the people, efforts are being made...