Bank of Baroda reduces Bulk Deposit Rates

                                                                                         स्‍थान/Place: Mumbai                                                                     तारीख/ Date: 04.11.2015

Bank of Baroda, one of the largest Public Sector Lender has revised the rates of interest payable on Domestic Term Deposits including NRE (TD) across various maturities for Rs. 1 crore and above. The revision will be applicable to the renewal of existing deposits and fresh deposits, with effect from 05th November, 2015.

With the above revision, Rates of Interest on Domestic Term Deposits, NRO Deposits & NRE Deposits of all buckets will be as under:

Changes of interest rates for term deposits of Rs.1 crore and above are as under:

Maturity Range	Existing	Revised
	ROI for deposits Rs. 1cr. to Rs. 10 cr.
	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)
7 to14 Days	4.50%	4.50%
15 to 45 Days	4.50%	4.50%
46 to 90 Days	6.25%	6.00%
91 to 180 Days	6.75%	6.25%
181 to 270 Days	7.00%	6.40%
271 Days to Less than 1 Year	7.00%	6.60%
1 year	7.25%	6.75%
Above 1year up to 2 years	7.25%	6.75%
Above 2years up to 3 years	7.25%	6.75%
Above 3years up to 10 years	7.25%	6.75%

Maturity Range	Existing	Revised	Existing	Revised
	ROI for deposits Above  Rs. 10cr. to Rs. 25 cr.		ROI for deposits Above  Rs. 25cr. to Rs. 50 cr.
	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)
7 to14 Days	4.50%	4.50%	4.50%	4.50%
15 to 45 Days	4.50%	4.50%	4.50%	4.50%
46 to 90 Days	6.25%	6.00%	6.25%	6.00%
91 to 180 Days	6.50%	6.25%	6.50%	6.25%
181 to 270 Days	6.75%	6.40%	6.75%	6.40%
271 Days to Less than 1 Year	7.00%	6.60%	7.00%	6.60%
1 year	7.25%	6.75%	7.25%	6.75%
>1yr up to 2 years	7.25%	6.75%	7.25%	6.75%
>2yrs up to 3 years	7.25%	6.75%	7.25%	6.75%
>3yrs up to 10 years	****	****	****	****

Maturity Range	Existing	Revised	Existing	Revised
	ROI for deposits Above  Rs. 50cr. to Rs. 100 cr.		ROI for deposits Above  Rs. 100 cr.
	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)
7 to14 Days	4.50%	4.50%	4.50%	4.50%
15 to 45 Days	4.50%	4.50%	4.50%	4.50%
46 to 90 Days	6.25%	6.00%	6.25%	6.00%
91 to 120 Days	6.50%	6.25%	6.50%	6.25%
121 to 180 Days	6.50%	6.25%	6.50%	6.25%
181 to 239 Days	6.75%	6.40%	6.75%	6.40%
240 Days to 270 Days	6.75%	6.40%	6.75%	6.40%
271 Days to 330 Days	7.00%	6.60%	7.00%	6.60%
331 Days to Less than 1 Year	7.00%	6.60%	7.00%	6.60%
1 year	7.25%	6.75%	7.25%	6.75%
>1yr up to 2 years	****	****	****	****
>2yrs up to 3 years	****	****	****	****
>3yrs up to 10 years	****	****	****	****

1. NRE Term & Bulk Deposit Rates [Per Annum] [Fresh & Renewal]

NRE TERM (RUPEE) DEPOSITS

Maturity Range	Rs.1 crore to Rs. 10 crores
	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)
1 Year	7.25%	6.75%
Above 1 year up to 2 years	7.25%	6.75%
Above 2 years up to 3 years	7.25%	6.75%
Above 3 years up to 10 years	7.25%	6.75%

NRE TERM (RUPEE) DEPOSITS

Maturity Range	Existing	Revised	Existing	Revised
	ROI for deposits above  Rs. 10cr. to Rs. 25 cr.		ROI for deposits above Rs. 25cr. to Rs. 50 cr.
	(w.e.f  05.10.2015)	(w.e.f  05.11.2015)	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)
1 year	7.25%	6.75%	7.25%	6.75%
Above 1year up to 2 years	7.25%	6.75%	7.25%	6.75%
Above 2years up to 3 years	7.25%	6.75%	7.25%	6.75%

NRE TERM (RUPEE) DEPOSITS

Maturity Range	Existing	Revised	Existing	Revised
	ROI for deposits above Rs. 50cr. to Rs. 100 cr.		ROI for deposits above Rs. 100 cr.
	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)	(w.e.f 05.10.2015)	(w.e.f 05.11.2015)
1 year	7.25%	6.75%	7.25%	6.75%
Above 1year to 16 months	****	****	****	****
Above 16 months up to 2 years	****	****	****	****
Above 2years up to 3 years	****	****	****	****
Above 3years up to 4 years	****	****	****	****

Capital Gain Accounts Scheme, 1988

For all Deposits under Capital Gain Accounts Scheme, 1988, interest rate will be applicable as per normal time & period.