Bank New FD Interest Rates: These two banks have raised their FD rates after SBI, meaning you will get an extra 1.25% in interest

 Bank New FD Interest Rates: These two banks have raised their FD rates after SBI, meaning you will get an extra 1.25% in interest

Bank New FD Interest Rates: These two banks have raised their FD rates after SBI, meaning you will get an extra 1.25% in interest

The interest rates on Fixed Deposits (FDs) with varying tenures have been modified by Public Sector Bank of Baroda (BOB). The bank has raised interest rates by a quarter of a point. Union Bank has raised interest rates before as well.

The interest rates on Fixed Deposits (FDs) with varying tenures have been modified by Public Sector Bank of Baroda (BOB). The bank has raised interest rates by a quarter of a point. Union Bank has raised interest rates before as well. The State Bank of India (SBI) raised the interest rates on fixed deposits by 50 basis points, or 0.50 percent, a while back. These interest rates are applicable to FDs with less than Rs 2 crore.

Short-term fixed-rate bonds are the target of the interest rate hike. Bank of Baroda changed the interest rates throughout this less than a year period, raising them somewhat. According to a statement from Bank of Baroda, "the interest rate on fixed deposits up to Rs 2 crore of various tenures has been increased from 0.01 per cent to 1.25 per cent."

The new pricing will take effect on December 29.

The revised prices are effective as of December 29, 2023. The statement claims that throughout the course of seven to fourteen days, the maximum gain of 1.25 percent was produced. These deposits now have a 4.25 percent interest rate instead of the previous 3 percent. Following this, the interest rate was raised by 1% to 4.50 percent for a 15–45 day period.

What are Bank of Baroda's FD rates?

Interest rates on FDs range from 4.25 percent to 7.25 percent, according to Bank of Barodi. Tell us the amount of interest being paid and for what time frame.

Interest rates for FDs ranging from 7 to 14 days are 4.25 percent.

For a period of 15 to 45 days, you will get 4.50 percent interest on your FD.

For FDs with terms ranging from 46 to 90 days, the bank is offering 5.50 percent interest.

Interest will be paid to you at a rate of 5.6% on FDs made for 91–180 days.

Interest rates on FDs ranging from 181 to 210 days are provided at 5.75 percent.

Interest rates on FD ranging from 211 days to 270 days are 6.15 percent.

For FDs made for 271 days to less than a year, 6.25 percent interest will be paid.

The bank offers 6.85% interest on FDs that are held for one year.

Interest rates on FDs ranging from one to two years are 6.85%.

Interest rates on FDs ranging from two to three years are 7.25 percent.

On FD, you will get 6.50 percent interest for three to ten years.

On the other hand, you will get 6.25 percent interest if your stay exceeds 10 years.

On 399 day FD, interest rates are 7.15 percent.

What level of interest do older persons have?

Seniors may get interest from Bank of Baroda in the range of 4.75 percent to 7.75 percent. These also have a duration that varies from seven days to ten years. Seniors will get a 0.50 percent interest rate increase.

Additionally, Union Bank raised the rates.

Union Bank has already raised interest rates by 25 basis points. These new FD rates, which have been raised for FDs of less than Rs 2 crore, went into effect on December 27. Because of this, the bank is now providing interest on FDs with terms ranging from 7 days to 10 years, from 3 percent to 7.25 percent. Seniors will get a 0.50 percent interest rate increase.

Interest rates on FD range from 7 to 45 days, with a 3% interest rate.

Interest on FDs ranging from 46 to 90 days is offered by the bank at 4.05 percent.

You will get interest at a rate of 4.30 percent for making FD for a period of 91 to 120 days.

On FDs ranging from 121 to 180 days, you will get 4.40 percent interest.

You will get 5.25 percent interest on your FD if it is made between 181 days and less than a year.

On a one-year FD, the bank is offering 6.75 percent interest.

FDs with terms ranging from more than a year to 398 days are offering 6.75 percent interest.

On 399 day FD, interest rates are 7.25 percent.

Your tenure, which may be anywhere from 400 days to 10 years, will earn you 6.5 percent interest.