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Interest Rates on Deposits (Domestic & NRI)
|
| Interest Rate on Term Deposits & NRO Deposits (W.E.F 02.08.2010) |
| Maturity Range |
Deposit [Per Annum] |
| Less than Rs. 1 Cr. |
| 7 days to 14 days |
2.50% |
| 15 days to 45 days |
3.00% |
| 46 days to 90 days |
4.00% |
| 91 days to 180 days |
5.50% |
| 181 days & above but less than 1 year |
6.00% |
| 1 year & above but less than 2 years |
7.00% |
| 2 years and above upto 10 years |
7.25% |
| Term deposit of Rs. 1 crore and above (Fresh and Renewal) (w.e.f. 02.08.2010) |
| Maturity Range |
Rates for Rs.1 Cr & above |
| 7 to 14 days |
2.50% |
| 15 to 45 days |
3.00% |
| 46 to 90 days |
4.00% |
| 91 to 179 days |
4.50% |
| 180 to 269 days |
5.50% |
| 270 days to 364 days |
6.50% |
| One year & above upto 3 years |
6.50% |
# Customers are requested to contact their nearest Bank of Baroda Branch.
| Savings Deposits |
Interest Rate (% p.a.) |
| Savings Account |
3.50% |
NRI SCHEMES
| FOREIGN CURRENCY NON-RESIDENT DEPOSIT - FCNR(B) - (Effective from 01.09.2010) |
| Maturity Period |
Rate of Interest |
| USD($) |
GBP(�) |
EUR(�) |
YEN(�) |
CAD($) |
AUD($) |
| 1 Year to less than 2 years |
1.84 |
2.46 |
2.39 |
1.67 |
2.87 |
6.42 |
| 2 years to less than 3 years |
1.67 |
2.23 |
2.26 |
1.42 |
2.34 |
5.67 |
| 3 years to less than 4 years |
1.95 |
2.51 |
2.39 |
1.44 |
2.56 |
5.71 |
| 4 Years to less than 5 years |
2.27 |
2.79 |
2.56 |
1.47 |
2.81 |
5.89 |
| 5 years |
2.57 |
3.04 |
2.73 |
1.52 |
3.04 |
5.98 |
| NRE TERM (RUPEE) DEPOSITS (Effective from 01.09.2010) |
| Maturity Period |
Rate of Interest (% p.a) |
Annualized Yield |
| 1 year and above but less than 2 years |
2.59 |
2.6498 |
| 2 years and above but less than 3 years |
2.42 |
2.5016 |
| 3 years and above but less than 4 years |
2.70 |
2.8212 |
| 4 years and above but less than 5 years |
2.70 |
2.8440 |
| 5 years |
2.70 |
2.8517 |
| NRE Savings Deposits (Effective from 18.11.2005) |
Interest Rate (% p.a.) |
| Savings Account |
3.50 |
| Note : |
- The revised rates are applicable for fresh deposits and renewal of old deposits.
- As per RBI Directives with effect from 17th July 2003, the NRE Deposits are to be accepted for a minimum period of 1 year.
- NRE (Rupee) Fixed Deposits: No interest will be payable for deposits that have remained with the bank for less than twelve months.
- FCNR Deposits: No Interest is paid if premature payment before one year.
- NRO FD/SB: 30% tax is deducted at source on the interest earned .In case total interest earned exceeds Rs.8.50 lacs in a year the surcharge @10% of income tax is also deducted.
- Rates quoted are subject to change without notice.
- The rates mentioned above for Term Deposits of Rs.1 cr. & above are indicative. Customers are requested to contact their nearest Bank of Baroda Branch for any change in rates.
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