Tag: Fixed Deposit

  • Bank Of Baroda Launches Utsav Deposit Scheme With Upto 7.9% Interest; Check Details Of The 400-Day Term Deposit Offer | Personal Finance News

    New Delhi: Bank of Baroda (BoB), public sector bank, on Tuesday announced the launch of the BoB Utsav Deposit Scheme. 

    The 400-day period term deposit scheme introduced specially for the festive season offers interest rates of 7.30% p.a. for the general public, 7.80% p.a. for senior citizens, 7.90% p.a. for super senior citizens (aged 80 years & above) and up to 7.95% p.a. on Non-Callable Deposits. 

    The scheme opened on 14th October, 2024 and is applicable on fixed deposits below Rs 3 crore. bob Utsav is a limited period offer.

    As a part of the festive campaign, the Bank has also increased interest rates in the Above 3 year to 5 year bucket by 30 basis points (bps) – from 6.50% p.a. to 6.80% p.a. This increase in rates will also benefit bob SDP (Systematic Deposit Plan) customers who can lock-in higher interest rates on each monthly contribution made for a 3 to 5 year period. bob SDP is a recurring deposit scheme by Bank of Baroda that provides assured returns through regular savings every month.




    bob Utsav Deposit Scheme w.e.f. 14.10.2024




     
    Callable
    Non-Callable
    (Deposits above Rs 1 crore to less than Rs 3 crore)


    Tenor
    Residents/General Public/NRO/NRE
    Resident Senior Citizens
    Resident Super Senior Citizens
    Residents/General Public/NRO/NRE
    Resident Senior Citizens
    Resident Super Senior Citizens


    400 Days
    7.30% p.a.
    7.80% p.a.
    (7.30 + 0.50)
    7.90% p.a.
    (7.30+0.50+0.10)
    7.35% p.a.
    (7.30 + 0.05)
    7.85% p.a.
    (7.30 + 0.05 + 0.50)
    7.95% p.a.
    (7.30 + 0.05 + 0.50 + 0.10)

    Further, the interest rates on bob Earth Green Term Deposits have also been increased by 30 bps in select tenors.

    For the first time, the Bank is also introducing a Super Senior Citizen category in Fixed Deposits where customers aged 80 years & above can benefit from 10 bps additional interest on top of the senior citizen rate for term deposits above 1 year to up to 5 years tenors.




    Domestic Term Deposits below ₹ 3.00 Crore [Fresh & Renewal] [Callable]





    Tenors
    Resident/ General Public/ NRO/ NRE
    Resident Indian Senior Citizen
    Resident Super Senior Citizen


    Old Rate
    (% p.a.)
    New Rate
    (% p.a.)
    Old Rate
    (% p.a.)
    New Rate
    (% p.a.)
    New Rate
    (% p.a.)


    3 Years to 5 Years
    6.50% p.a.
    6.80% p.a.
    7.15% p.a.
    7.40% p.a.
    7.50% p.a.




    bob Earth Green Term Deposits below ₹ 3.00 Crore [Fresh & Renewal] [Callable]





    Tenors
    Resident/ General Public/ NRO/ NRE
    Resident Indian Senior Citizen
    Resident Super Senior Citizen


    Old Rate
    (% p.a.)
    New Rate
    (% p.a.)
    Old Rate
    (% p.a.)
    New Rate
    (% p.a.)
    New Rate
    (% p.a.)


    1111 Days
    6.45% p.a.
    6.75% p.a.
    7.10% p.a.
    7.35% p.a.
    7.45% p.a.


    1717 Days
    6.45% p.a.
    6.75% p.a.
    7.10% p.a.
    7.35% p.a.
    7.45% p.a.




    Baroda Tax Savings Term Deposits below ₹ 3.00 Crore [Fresh & Renewal] [Callable]





    Tenors
    Resident/ General Public/ NRO
    Resident Indian Senior Citizen
    Resident Super Senior Citizen


    Old Rate
    (% p.a.)
    New Rate
    (% p.a.)
    Old Rate
    (% p.a.)
    New Rate
    (% p.a.)
    New Rate
    (% p.a.)


    5 Years
    6.50% p.a.
    6.80% p.a.
    7.15% p.a.
    7.40% p.a.
    7.50% p.a.

    Customers can open a fixed deposit or bob SDP through any Bank of Baroda branch, as well as through the Bank’s digital channels including the bob World app and the Bank’s Internet Banking platform.

  • Bank Of Baroda Revises Fixed Deposit Rates From Today 13 August 2024 –Check Latest HDFC FD Rates | Personal Finance News

    New Delhi: Bank of Baroda has increased fixed deposit (FD) interest rates for FDs of up to Rs 3 crore. Bank of Baroda’s new FD rates are effective from today 13 August 2024. 

    Check Bank of Baroda FD Interest Rate w.e.f. from 13 August 2024




    Tenors
    Residents / General Public
    Resident Indian Sr. Citizen




    7 days to 14 days
    4.25
    4.75*


    15 days to 45 days
    4.50
    5.00*


    46 days to 90 days
    5.50
    6.00*


    91 days to 180 days
    5.60
    6.10*


    181 days to 210 days
    5.75
    6.25*


    211 days to 270 days
    6.15
    6.65*


    271 days & above and less than 1 year (except 333Days and 360 Days)
    6.25
    6.75*


    333 Days (bob Monsoon Dhamaka Deposit Scheme)
    7.15
    7.65*


    360 Days (bob360)
    7.10
    7.60*


    1 year
    6.85
    7.35*


    399 Days (bob Monsoon Dhamaka Deposit Scheme)
    7.25
    7.75*


    Above 1 year to 400 days (Except 399 Days)
    6.85
    7.35*


    Above 400 days and upto 2 Years
    6.85
    7.35*


    Above 2 Years and upto 3 Years
    7.15
    7.65*


    Above 3 Years and upto 5 Years
    6.50
    7.15 #


    Above 5 Years and upto 10 Years
    6.50
    7.50**


    Above 10 years (MACT/MACAD
    Court Order schemes only)
    6.25
    6.75*

    Meanwhile, Bandhan too has announced a new bucket of 1 year 9 months at interest rate of 8.50 percent.

    “For a fixed deposit of 1 year 9-month, the bank offers 8.5% interest rates for senior citizens. On the same FD tenure, other customers will earn 8%. Bandhan Bank also offers an interest rate of 7% on a balance above Rs.10 lakh in the savings account,” Bandhan Bank said in a statement today.

    The Bank said that it is also offering an attractive and competitive interest rate of 7.75% to senior citizens on longer-term fixed deposits for a tenure above 1 Year 9 Months to less than 5 years. Others will earn 7.25% for the same term deposits.

    Earlier this month, Union Bank, ICICI Bank and Bank of India too announced rate revision in its fixed deposit  for FDs of up to Rs 3 crore.

  • HDFC Bank Hikes Fixed Deposit Rates On Various Tenors –Check Latest HDFC FD Rates | Personal Finance News

    New Delhi: Private sector lender HDFC Bank has hiked fixed deposit rates on retail deposits by 20 basis points with effect from June 10. The rates are applicable on various tenors.

    HDFC Bank is offering FD rates at 7.10 percent for 15 to 18 months, FD rates at 6.60 percent for a one year to 15 months and FD rates at 7.25% for 18 months to less than 21 months.

    Senior citizens will get 50 bps higher FD rates as compared to general public.

    The move comes a week after the Reserve Bank of India (RBI) announced pause in its key lending rates in its monetary policy for the 8th consecutive time.

    On June 7, the RBI’s Monetary Policy Committee (MPC) meeting decided to stick to the current 6.5 per cent repo rate with a 4:2 majority vote. The RBI had last changed rates in February 2023, when the repo rate was hiked to 6.5 per cent. The RBI raised rates by 2.5 per cent between May 2022 and February 2023 after which they have been kept on hold to support economic growth despite inflationary pressures in the past.

    The repo rate is the interest rate at which the RBI gives short term loans to banks to enable them to meet their liquidity requirements. This in turn has an impact on the cost of loans that the banks extend to the corporate entities and consumers.

  • 1 vs 3 vs 5 Year FD Rates: Check How Much Return You Will Get From Major Banks

    Continue reading to find out the latest FD rates of major public sector banks on different tenures.