Bank of Baroda hikes FD rates day after SBI

Credit: IndiaTimes- Published on December 28, 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 countryโ€™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%...

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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.
on December 27, 2023 • DNA

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