Bank of Baroda has announced changes in the interest rates of its fixed deposits. These interest rates will be applicable for general customers including senior citizens also. The new interest rates will be applicable from 3 October 2024. The new interest rates will be applicable on amounts less than Rs 3 crore.
How much interest rate is being received?
Talking about short term deposits, on deposits of 7 to 14 days, general customers will get the benefit of 4.25% interest rates and senior citizens will get the benefit of 4.75% interest rates. Whereas senior citizens are getting the benefit of 7.50% interest rate on tenure of 1 year to 2 years and general citizens are getting the benefit of 7% interest rate.
Let us tell you that senior citizens are given the benefit of additional interest rates. Customers are getting the benefit of 0.50% additional interest rates on 3 year deposits. On tenure of 15 to 45 days, general customers are getting the benefit of 4.50% interest rate and senior citizens are getting 5.00% interest rate. On tenure of 5 to 10 years, customers are being given the benefit of 6.50% interest rate and senior citizens are being given 7.50% interest rate.
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