Bank of Baroda has hiked deposit rates in select maturities

By | August 4, 2011

A recent press report said that Bank of Baroda has hiked deposit rates in select maturities by 25-50 basis points with immediate effect.

The bank has hiked the interest rate on deposits less than crore having maturity of one year to three years has been hiked to 9.25 per cent from 9 per cent. It has also hiked the interest rates on deposits having maturity of above three years to five years to 9 per cent from 8.5 per cent. The bank has hiked the rates from 9 per cent to 8.5 per cent on tax saving scheme for five years.

Bank of Baroda is the third largest bank in the country. It has over 102 years of experience in the banking industry and has a wide network of over 3467 branches all over the country; the bank has always been active in extending financial support and adapting to your changing needs.

The products offered by the bank include deposits, Retail Loans (home loans, personal loan, vehicle loan, consumer loans etc.), Credit Cards and Debit Cards help you with your growing financial needs.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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