The festive campaign will run up to 31st December, 2023 and the Bank is seeing an encouraging response from customers. The benchmark repo rate has stood at 6.50 percent since February 2023.īank of Baroda has also commenced its festive campaign “BOB Ke Sang Tyohaar Ki Umang' and has launched innovative schemes. The Reserve Bank of India (RBI) left interest rates unchanged on 6 October for the fourth time in a row. RBI holds repo rate for the fourth time in a row IndusInd Bank, and Punjab & Sindh Bank have also revised FD interest rates on their term deposits in October 2023. Private lenders Yes Bank, and HDFC Bank have slashed the fixed deposit interest rate on selected tenure for deposits below ₹2 crore. An online FD can also be opened by existing customers via the Bank’s Mobile app (BoB World)/ Net Banking (BoB World Internet). The Bank has also increased bulk deposit interest rates (for deposits from ₹ 2 crore to ₹ 10 crore by up to 1% (100 basis points) across various tenors.Įxisting and new customers of the Bank of Baroda can open a new FD through any of the Bank’s branches across India to avail of this offering. View Full Image Bank of Baroda's latest FD interest ratesīank of Baroda had earlier increased retail term deposit interest rates in May 2023 and March 2023.
