Bank of Baroda has revised its fixed deposit (FD) rates with effect from 31 August. This is the first time, the bank has revised the FD rates after the Reserve Bank of India (RBI) slashed the repo rate by 35 basis points.
Senior citizens get an additional interest of 0.50% on domestic term deposits of less than Rs 2 crore from senior citizens for all tenors. State Bank of India, Axis Bank, ICICI Bank, HDFC Bank and IDFC First Bank have revised the interest on FDs August month.
Given below are the latest FD interest rates (below Rs 2 crore) for the general public:
7 days to 14 days-4.50%
15 days to 45 days-4.50%
46 days to 90 days-4.75%
91 days to 180 days-5.50%
181 days to 270 days-6.00%
271 days & above and less than 1 year-6.00%
1 year-6.45%
Above 1 year to 400 days-6.60%
Above 400 days and up to 2 years-6.55%
Above 2 years and up to 3 years-6.45%
Above 3 years and up to 5 years-6.25%
Above 5 years and up to 10 years-6.25%
 
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