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.