• Revision in Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 12th April 2020
• Revision of Interest Rates on Domestic Term Deposits w.e.f. 9" April 2020 includes NRO, NRE & Non-Callable deposits of below ₹.2.00 Crore

Mumbai, 9th April, 2020: Bank of Baroda has reduced the overnight and one-month Marginal Cost of Funds Based Lending Rate (MCLR) w.e.f. 12th April 2020 to 7.40% from 7.55%, the three-month MCLR to 7.55% from 7.70%, the six-month MCLR to 7.85% from 8.00% and the one-year MCLR to 8.00% from 8.15%.

The Bank has also reduced the interest rates for Domestic Term Deposits including NRO, NRE & Non-Callable for deposits below ₹ 2.00 Crore w.e.f. 9" April 2020.

The overall interest has reduced from 5.90% to 5.70% for 5 to 10 years and from 4.25% to 3.50% for deposits of 7 to 14 days.

The Bank’s branches will continue to pay an additional interest of 0.50% on domestic term deposits of less than Rs 2 crore from Senior Citizens for all tenures in terms of extant guidelines.

Senior Citizens resident in India are eligible for additional interest of 1% per annum (i.e. 1% normal staff privilege plus 0.50% as a benefit to Senior Citizen) on fresh term deposits and renewals of existing resident Term Deposits of less than Rs.2 crore for maturities from 15 days to 10 years.

For Domestic & NRO Term Deposits for Fresh, Renewal and Callable

Tenors	Existing (w.e.f 17.03.20)	Revised (w.e.f 09.04.20)
7 to14 days	4.25	3.50
15 to 45 days	4.50	3.50
46 to 90 days	5.00	4.50
91 to 180 days	5.00	4.50
181 to 270 days	5.50	5.00
271 days to less than I year	5.50	5.00
1 year	5.90	5.70
Above 1 year to 400 days	6.00	5.70
Above 400 days and up to 2 years	5.90	5.70
Above 2 years and up to 3 years	5.90	5.70
Above 3 years and up to 5 years.	6.15	5.70
Above 5 years and up to 10 years	5.90	5.70

For NRE Term (Rupee) Deposits for Fresh & Renewal and Callable

Tenors	Existing (w.e.f 17.03.20)	Revised (w.e.f 09.04.20)
1 year	5.90	5.70
Above 1 year to 400 days	6.00	5.70
Above 400 days and up to 2 years	5.90	5.70
Above 2 years and up to 3 years	5.90	5.70
Above 3 years and up to 5 years.	6.15	5.70
Above 5 years and up to 10 years	5.90	5.70

For Baroda Advantage — Fixed Deposit (Domestic/NRO/NRE) Accounts (Non-Callable) (Fresh & Renewal) — (ROI in % p.a.) Minimum Rs.15.01 lakh to below Rs.2 Crore

Tenors	Existing (w.e.f 17.03.20)	Revised (w.e.f 09.04.20)
1 year	5.95	5.75
Above 1 year to 400 days	6.05	5.75
Above 400 days and up to 2 years	5.95	5.75
Above 2 years and up to 3 years	5.95	5.75
Above 3 years and up to 5 years.	6.20	5.80
Above 5 years and up to 10 years	5.95	5.80

Baroda Tax Saving Term Deposit

Tenors	Existing (w.e.f 17.03.20)	Revised (w.e.f 09.04.20)
For 5 years.	6.15	5.70
Above 5 years and up to 10 years	5.90	5.70

About Bank of Baroda:

Bank of Baroda (“The Bank”) established on July 20, 1908 is a State-owned banking and financial services organization, headquartered in Vadodara (earlier known as Baroda) in Gujarat, India.

Bank of Baroda is India’s leading public sector lender with a strong domestic presence supported by self- service channels. The Bank’s distribution network includes 9,500+ branches, 13,400+ ATMs and 1,200+ self-service e-lobbies. The Bank has a significant international presence with a network of 100 branches/offices of subsidiaries, spanning 21 countries. The Bank has wholly owned subsidiaries including BOB Financial Solutions Limited (erstwhile BOB Cards Ltd.), BOB Capital Markets and Baroda Asset Management India Ltd. Bank of Baroda also has joint ventures for life insurance viz. India First Life Insurance and India Infradebt Ltd., engaged in infrastructure financing. The Bank owns 98.57% in The Nainital Bank. The Bank has also sponsored three Regional Rural Banks namely Baroda Uttar Pradesh Gramin Bank, Baroda Rajasthan Gramin Bank and Baroda Gujarat Gramin Bank.

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