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Interest Rates on Deposits (Domestic & NRI)
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Domestic Term Deposits & NRO Deposits (W.E.F 27.05.2009)
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Maturity Range
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Deposit [Per Annum]
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Upto Rs. 15 lacs
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Above Rs. 15 lacs to less than Rs. 1 Cr.
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7 days to 14 days
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3.00%
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3.00%
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15 days to 45 days
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3.75%
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3.75%
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46 days to 90 days
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4.50%
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4.50%
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91 days to 180 days
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5.50%
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5.50%
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181 days & above but less than 1 year
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6.00%
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6.00%
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1 year & above but less than 2 years
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7.00%
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7.00%
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2 years and above upto 749 days
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7.00%
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7.00%
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750 days
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7.25%
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7.25%
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Above 750 days but less than 3 years
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7.00%
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7.00%
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3 years and above but less than 5 years
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7.00%
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7.00%
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5 years and above but less than 8 years
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7.00%
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7.00%
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8 years and above up to 10 years
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7.00%
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7.00%
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Term deposit of Rs. 1 crore and above (Fresh and Renewal) (w.e.f. 25.05.2009)
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Maturity Range
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Rates for Rs.1 Cr & above
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7 to 14 days
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#
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15 to 45 days
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#
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46 to 90 days
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3.00%
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91 to 179 days
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3.50%
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180 to 269 days
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4.00%
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270 days to 364 days
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5.00%
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One year & above upto 3 years
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5.50%
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# Customers are requested to contact their nearest Bank of Baroda Branch.
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Savings Deposits
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Interest Rate (% p.a.)
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Savings Account
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3.50%
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NRI SCHEMES
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FOREIGN CURRENCY NON-RESIDENT DEPOSIT - FCNR(B) - (Effective from 01-07-2009)
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Maturity Period
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Rate of Interest
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USD($)
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GBP(£)
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EUR(€)
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YEN(¥)
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CAD($)
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AUD($)
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1 Year to less than 2 years
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2.61
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2.70
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2.50
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1.87
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2.55
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5.28
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2 years to less than 3 years
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2.53
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3.32
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2.84
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1.67
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2.18
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5.18
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3 years to less than 4 years
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3.12
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4.02
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3.30
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1.73
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2.87
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5.88
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4 Years to less than 5 years
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3.57
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4.46
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3.64
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1.81
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3.29
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6.35
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5 years
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3.93
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4.72
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3.91
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1.90
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3.62
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6.58
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NRE TERM (RUPEE) DEPOSITS (Effective from 01.07.2009)
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Maturity Period
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Rate of Interest (% p.a)
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1 year and above but less than 2 years
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3.36
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2 years and above but less than 3 years
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3.28
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3 years and above but up to 5 years
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3.87
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NRE Savings Deposits (Effective from 18.11.2005)
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Interest Rate (% p.a.)
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Savings Account
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3.50
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Note :
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- The revised rates are applicable w. e. f. 18-May-2007 for fresh deposits as well as renewal of old deposits
- As per RBI Directives with effect from 17th July 2003, the NRE Deposits are to be accepted for a minimum period of 1 year.
- NRE (Rupee) Fixed Deposits: No interest will be payable for deposits that have remained with the bank for less than twelve months.
- FCNR Deposits: No Interest is paid if premature payment before one year.
- NRO FD/SB: 30% tax is deducted at source on the interest earned .In case total interest earned exceeds Rs.8.50 lacs in a year the surcharge @10% of income tax is also deducted.
- Rate quoted are subject to change without notice.
- The revised rates are applicable for fresh deposits and renewal of old deposits.
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