Public sector Bank of Baroda has also joined the list of banks changing the interest rates of fixed deposits (FD) in May. The bank has implemented new interest rates for term deposits of less than Rs 3 crore from May 16. Whereas new rates for domestic term deposits ranging from Rs 3 crore to Rs 10 crore have been implemented from May 23.

All banks keep revising the interest rates from time to time. Therefore, before investing, it is advised to keep visiting the official website of the bank or the nearest branch. It is offering 3.50% to 6.45% interest to common citizens on investment of less than Rs 3 crore. Senior citizens are getting returns ranging from 4% to 7%. The bank is giving interest ranging from 4% to 7.05% to super senior citizens.

The bank is offering minimum 3.50% and maximum 6.10% interest on investments above Rs 3 crore and up to Rs 10 crore. Customers can invest from 7 days to 10 years.

Highest returns are being received on this special scheme

The bank is offering the highest interest on its BOB Square Drive Deposit Scheme. In this, the bank is giving 6.45% interest on tenure of 444 days. The bank is giving 0.50% extra interest to people in the age group of 60 years to 80 years. People aged 80 years and above are getting the facility of 0.55% additional interest. The bank is offering 6.30% interest to ordinary citizens on tenure of more than 3 years and up to 5 years. On investment from 1 year to 3 years, 6.25% interest is being given.

Know tenure wise interest rates

• 7 days to 14 days – 3.50%
• 15 to 45 days – 3.50%
• 46 to 90 days – 5%
• 91 to 180 days – 5%
• 181 days to 210 days – 5.50%
• 211 days to 270 days – 5.75%
• From 271 days to less than 1 year – 6%
• 1 year- 6.25%
• More than 1 year and up to 400 days – 6.25%
• More than 400 days and up to 2 years – 6.25%
• Above 2 years and up to 3 years – 6.25%
• Above 3 years and up to 5 years – 6.30%
• Above 5 years and up to 10 years – 6%
• More than 10 years – 5.50%

Check new interest rates here