The Bank Of Baroda is offering interest rates of up to 7.40% p.a. for general citizens and up to 7.90% p.a. for senior citizens, which includes 0.50% p.a. of additional interest for senior citizens and 0.15% for non-callable deposits. - Good News For Senior Citizens! Bank Of Baroda Raises FD Interest Rates; Check New Rates Here
Bank of Baroda has revised the interest rates on its fixed deposits (FDs) of up to Rs 2 crore. The revised interest rates on fixed deposits are effective from October 9, 2023, as per the banks website.
Banks have cut interest rates on certain FD tenures, while hiking it on others. Banks like HDFC Bank and Yes Bank have reduced interest rates in October.
Tax saving fixed deposits are an good investment option for those individuals who want to invest in a fixed return debt instrument and also claim a tax deduction for doing so. However the tax deduction on tax savings FD is only available to individuals who choose the old tax regime.