Like the other banks, Bank of Baroda has also raised the deposit rates across various maturities. The bank has raised the deposit rates in the range of 25 to 75 basis points.
Now, on a term deposit of 91-180 days the customers would earn interest of 6.25 percent raised from 5.50 percent earned earlier , similarly the term deposit for 181-270 days would fetch an interest rate of 7.00 percent compared to 6.25 percent. The bank has raised deposit rates on various other maturities.
Bank of Baroda last raised the fixed deposit rates on 10th December 2010. The bank has made this move to attract more funds to tide over liquidity.
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