Bank of Baroda has hiked deposit rates by 25-50 basis pts with instant effect

Bank of Baroda has hiked deposit rates”);’> deposit rates in select maturities by 25-50 basis pts with instant effect, it mentioned in an statement on the Bombay Stock Exchange.

The interest rate on deposits of below cr having maturity of 1 year to 3 years has been hiked to 9.25percent (9percent) and on deposits having maturity of more than 3 years to 5 years it has been hiked 9percent(8.5percent).

On tax saving plans for 5 years the rate has been raised to 9percent (8.5percent).

The bank had finally raised deposit rates”);’> deposit rates on 1 August, 2011.

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