BoB revises FCNR (B) and NRE term deposits interest rates

Bank of Baroda has revised the interest rates on FCNR (B) deposits with effect from January 03, 2005.

For US dollar deposits, the interest rates have gone up from 2.73 per cent to 2.87 per cent for one year and above but less than two years. For two years and above but less than three years from 3.18 per cent to 3.19 per cent and for three years the interest rates have gone down from 3.46 per cent to 3.41 per cent.

In GBP deposits, for one year and above but less than two years the interest rates have gone up from 4.65 per cent to 4.69 per cent and for two years and above but less than three years from 4.58 per cent to 4.61 per cent and for three years deposits from 4.60 per cent to 4.62 per cent.

In case of EURO deposits, for one year and above but less than two years the interest rates have gone up from 2.05 per cent to 2.11 per cent and for two years and above but less than three years interest rates have gone up from 2.32 per cent to 2.39 per cent and for three years interest rates have gone up from 2.56 per cent to 2.59 per cent. Interest Rates on FCNR (B) Deposits w.e.f 03.01.2005:

Maturity Period

Rate of Interest