India  
 
NewsR.in

Bank of Baroda hikes FD rates day after SBI

IndiaTimes Thursday, 28 December 2023
Bank of Baroda has increased interest rates on short-term deposits by up to 125 basis points (100bps = 1 percentage point). The move comes a day after the country’s largest lender SBI increased rates on some maturities of fixed deposits by 50bps. BoB will now offer 4.25% on fixed deposits from one week to 14 days as against 3% earlier. On deposits from 15 days to 45 days, the interest rate has been hiked by one percentage point to 4.5%.
0
shares		ShareTweetSavePostSend
 

You Might Like


Related news from verified sources

New Year gift for SBI customers, bank hikes FD interest rates; check details

 The bank has also hiked the interest rate on tenure of 180 days to 210 days from 5.25 per cent to 5.75 per cent.
DNA