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Money & Banking - Fixed Deposits


BoB hikes deposit rates by 25 bps

Our Bureau

Mumbai , Nov. 10

BANK of Baroda has raised interest rates on deposits by 25 basis points across maturities, effective November 16.It has also launched a product offering minimum maturity period of 7 days for retail deposit instead of minimum maturity period of 15 days as per the recent Reserve Bank of India guidelines, said a press release.

Senior citizens will continue to receive an additional 1 per cent interest.

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