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Bank of Baroda has increased fixed deposit (FD) interest rates for deposits of up to ₹3 crore, effective today.
This move follows similar actions by Union Bank, ICICI Bank, and Bank of India earlier this month, all of which have revised their FD rates for amounts up to ₹3 crore.
Earlier in the day, Bandhan Bank also announced a new bucket of 1 year 9 months at interest rate of 8.50%.
“For a fixed deposit of 1 year 9-month, the bank offers 8.5% interest rates for senior citizens. On the same FD tenure, other customers will earn 8%. Bandhan Bank also offers an interest rate of 7% on a balance above Rs.10 lakh in the savings account,” Bandhan Bank said in a statement today.
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