NEWS & ADVICE : FIXED DEPOSITS
Lending rates hiked by Bank of Baroda
By Neelima Shankar
Aug 1, 2011
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Public sector lender Bank of Baroda has raised its base rate as well as benchmark prime lending rate (BPLR) by 50 bps.

The revised rates would come into effect from today, August 01, 2011.

Following the recision, the base rate of the bank would stand at 10.75% while its BPLR would be fixed at 15%.

The lender has also announced a 50 bps rise in fixed deposit rates across selected maturities.

Deposits having tenor of 7days to 90 days will have interest of 4.75%.

Interest will be 7% for deposits of 91 days to 180 days.


 


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