Bank of Baroda (BoB) has reportedly increased deposits rates, including for domestic and non-resident ordinary (NRO) term deposits, by 10-45 basis points on select maturities with effect from February 25, 2022.
In the case of domestic and NRO term deposits below Rs 2 crore, the interest rate has been increased by 10 basis points -- one year (5 per cent against 4.90 per cent earlier); and above one year and up to 2 years (5.10 per cent against 5 per cent).
Bank of Baroda is engaged in providing various services, such as personal banking, corporate banking, international banking, small and medium enterprise (SME) banking, rural banking, non-resident Indian (NRI) services and treasury services.
