Most banks have tweaked their FD interest rates after the Reserve Bank of India increased its repo rate in September. The RBI will be holding its next MPC meeting between December 5 and 7. The rate hike decision will be announced on December 7.
Bank of Baroda Fixed Deposit Interest Rate 2022: The bank has hiked fixed deposit interest rates on deposits below Rs 2 crore as well as on bulk saving deposits.
While Bank of Baroda is offering 7% rate of interest, Bank of India is offering 7.25% to 7.75% interest rate on fixed deposits. Canara Bank is 7.50 per cent interest for a period of 666 days.
Bank of Baroda has increased interest rates of fixed deposits by up to 20 basis points (bps) across tenors for amounts less than Rs 2 crore, while Hawkins tweaked its FD rates after keeping the rates unchanged from last year despite a hike in key rates