Bank of Baroda gave a gift to customers, now more interest will be available on fixed deposits

Bank of Baroda (BOB) has increased the interest rates on its Fixed Deposit (FD) by up to one percent. The bank has also increased the interest rates by 0.25 percent on retail savings accounts of more than Rs 50 crore and less than Rs 200 crore.

Bank of Baroda (BOB) has increased the interest rates on its Fixed Deposit (FD) by up to one percent.

Public sector Bank of Baroda (BOB) has increased the interest rates on its fixed deposits (FDs) by up to one percent. In a statement issued on Monday, the bank said that interest rates have also been increased by 0.25 percent on retail savings accounts of more than Rs 50 crore and less than Rs 200 crore. Apart from this, domestic and non-resident ordinary (NRO) fixed deposits of 10 years and above will now get interest at the rate of 6.10 per cent. Earlier it was 5.10 per cent.

What are the new interest rates?

At the same time, deposits of more than one to two years will now get interest at the rate of 6.10 percent. This rate was earlier 5.50 percent. Along with this, the interest on FDs of two to three years has also been increased by 0.70 percent to 6.25 percent. According to the bank, senior citizens will get 0.50 percent more interest on each category.

Let us tell you that Bank of Baroda had made the home loan cheaper on Sunday. Discounts are being given to the customers on their loans. A discount of 25 basis points is available on the home loan rate. But only a few selected customers are getting the benefit of this discount. After the discount, Bank of Baroda home loan is starting from 8.25% per annum. The reduced home loan rate is applicable from November 14, 2022.

This is a special home loan offer from Bank of Baroda, in which only a select few customers are being given the benefit of the discount. According to Bank of India, customers who are taking a new home loan are being given a discount of 25 basis points on the rate. Also, customers who will transfer their home loan to Bank of Baroda are also being given a discount of 25 basis points. Bank of Baroda has waived the processing charge of home loan under another additional facility.

In this new facility, Bank of Baroda has made one thing clear that how much home loan a customer will get, it will completely depend on his credit profile.

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