Interest rates on retail term deposits have risen as of March 17 by the government-run Bank of Baroda (BOB).
In a press release, the lender announced that it had increased interest rates on certain tenors of domestic retail term deposits, including non-residential ordinary (NRO) and non-residential external (NRE) term deposits, by 25 basis points.
These rates are applicable to deposits under Rs 2 crore.
The institution has also increased interest on the Baroda Tax Savings Term Deposit and Baroda Advantage Fixed Deposit by 25 basis points.
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