Bank of Baroda Savings Account Interest Rates
Effective Feb 25, 2022, BoB is granting an interest rate of 2.75% on savings bank accounts with an outstanding balance of up to Rs. 1.00 lakh. The bank currently grants an interest rate of 2.85% on outstanding balances ranging from Rs 1.00 lakh to Rs 200 crores. The bank currently grants an interest rate of 3.05% on outstanding balances of Rs 200 crores and above that are below Rs 500 crores. The bank currently grants an interest rate of 3.25% on outstanding bank deposits of Rs 500 crores and above but less than Rs 1,000 crores. Bank of Baroda is currently offering savings account customers an interest rate of 3.30% on balances of Rs 1,000 crores and above.
| Outstanding deposits SB Balance | Interest rates revised on 02/25/2022 |
|---|---|
| Up to o/s Rs. 1.00 lakh | 2.75% |
| Above Rs 1.00 lakh to less than Rs 200 crores | 2.85% |
| Rs 200 crores and more to less than Rs 500 crores | 3.05% |
| Rs 500 crores and more to less than Rs 1,000 crores | 3.25% |
| Rs 1,000 crores and above | 3.30% |
| Source: Bank website |
Bank of Baroda Fixed Deposit Interest Rates for Regular Customers
From February 25, 2022, the BoB will pay the general public an interest rate of 2.80% on term deposits maturing between 7 and 45 days. On term deposits maturing in 46 days to 180 days, the bank now grants an interest rate of 3.70%. The bank currently offers an interest rate of 4.30% on deposits maturing between 181 and 270 days. Deposits maturing in 271 days or more but less than a year will now earn 4.40% interest. Term deposits with a one-year maturity will now pay 5.00% interest. The BoB will now pay an interest rate of 5.10% and 5.25% to the general public on term deposits with maturities between one and three years and between three and ten years. On fixed deposits of less than Rs 2 Cr, BoB now offers the following interest rates to the general public.
| tenors | Interest rate in % pa |
|---|---|
| 7 days to 14 days | 2.8 |
| 15 days to 45 days | 2.8 |
| 46 days to 90 days | 3.7 |
| 91 days to 180 days | 3.7 |
| 181 days to 270 days | 4.3 |
| 271 days or more and less than 1 year | 4.4 |
| 1 year | 5 |
| More than 1 year to 400 days | 5.1 |
| Above 400 days and up to 2 years | 5.1 |
| Above 2 years and up to 3 years | 5.1 |
| Above 3 years and up to 5 years | 5.25 |
| Above 5 years and up to 10 years | 5.25 |
| Source: Bank website (wef 25.02.2022) |
Bank of Baroda Fixed Deposit Interest Rates for Senior Citizens
Senior citizens will continue to benefit from an additional rate of 0.50% for all terms up to 5 years. However, the bank also offers a special deposit scheme for seniors with a deposit term of more than 5 years to a maximum of 10 years. On these deposits, the bank pays an additional rate of 1%, resulting in an interest rate of 6.25% for seniors. The bank mentioned on its website “1.00% for a duration” greater than 5 years up to 10 years “and valid until 31.03.2022”. Bank of Baroda is currently offering the following interest rates on deposits below Rs 2 crore to senior citizens.
| tenors | Interest rate in % pa |
|---|---|
| 7 days to 14 days | 3.3 |
| 15 days to 45 days | 3.3 |
| 46 days to 90 days | 4.2 |
| 91 days to 180 days | 4.2 |
| 181 days to 270 days | 4.8 |
| 271 days or more and less than 1 year | 4.9 |
| 1 year | 5.5 |
| More than 1 year to 400 days | 5.6 |
| Above 400 days and up to 2 years | 5.6 |
| Above 2 years and up to 3 years | 5.6 |
| Above 3 years and up to 5 years | 5.75 |
| Above 5 years and up to 10 years | 6.25 |
| Source: Bank website (wef 25.02.2022) |
