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Bank Of Baroda And UCO Bank Hikes FD Below 2 Crore Deposits Know Latest Details

Fixed Deposit Rates Hike: The Reserve Bank of India is...

Fixed Deposit Rates Hike: The Reserve Bank of India is continuously taking steps to curb inflation in the country. In the last 6 to 7 months, the central bank has increased its repo rate several times. This repo rate has increased from 4.00 percent to 5.90 percent. The increase in the repo rate is directly affecting the interest rates of loans and deposits by banks. Recently, two big public sector banks of the country i.e. Bank of Baroda and UCO Bank have decided to increase the interest rates of their Fixed Deposit Schemes. Both banks have increased the interest rates of their Retail FD Rates. If you are also planning to open both these FD accounts, then we are giving you information about the interest rates offered by these banks.

Bank of Baroda is giving this much interest rate on FD of less than 2 crores-
Bank of Baroda FD Rates is offering interest rates ranging from 3.00% to 6.10% on FDs ranging from 7 days to 10 years to its general citizens. At the same time, the bank is getting the maximum interest rate on FDs of 2 to 3 years. During this, the bank is offering 6.25 percent interest rate. The bank has announced an increase in the interest rate by up to 1 per cent on FD schemes of different tenures. These rates have come into effect from 14 November 2022. If you also want to open an FD account of less than Rs 2 crore in the bank, then we are giving you information about the interest rate available on different periods-

  • 7 to 14 days FD – 3.00%
  • FD of 15 to 45 days – 3.00%
  • 46 to 180 days FD – 4.50 percent
  • FD of 181 to 270 days – 5.25%
  • FD from 271 days to 1 year – 5.50%
  • 1 year FD – 6.10 percent
  • From 1 year to 2 years – 6.10 percent
  • 2 to 3 years – 6.25 percent
  • From 3 to 5 years – 6.10 percent
  • From 5 to 10 years – 6.10 percent
  • On FDs of more than 10 years – 6.10 percent
  • 399 days FD (Baroda Tricolor Plus FD Scheme) – 6.75%

UCO Bank is giving this much interest rate on FD of less than 2 crores-
UCO Bank (UCO Bank FD Rates) has also decided to increase the interest rate on its FD scheme of less than Rs 2 crore. These new rates have come into effect from 8 November 2022. The bank has decided to increase 45 basis points on FDs of different tenures. Let’s know about this-

  • 7 to 29 days FD – 2.90 percent
  • 30 to 45 days FD – 3.00 percent
  • 46 to 90 days FD – 3.50 percent
  • FD of 91 to 180 days – 3.75 percent
  • FD of 181 days to 364 days – 4.65%
  • 1 year FD – 5.75%
  • FD from 1 to 2 years – 5.75 percent
  • FD for 2 to 3 years – 5.60 percent
  • FD from 3 to 5 years – 5.60 percent
  • FD above 5 years – 5.50%

Many banks increased their FD rates
Apart from Bank of Baroda and UCO Bank, many banks have decided to increase their FD rates. In this, many banks like State Bank of India, Punjab National Bank, ICICI Bank, Axis Bank, Indian Overseas Bank etc. have increased their FD rates. Is. Apart from this, many banks have also decided to increase their savings account and RD rates.

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