Bank of Baroda (BOB) is one of the largest public sector banks in India, with a wide range of banking products and services. BOB also offers competitive interest rates on its deposits and loans.
What are the Bank of Baroda interest rates on deposits?
BOB offers a variety of deposit products, including savings accounts, fixed deposit accounts, and recurring deposit accounts.
The interest rates on these deposits vary depending on the type of deposit, the tenure, and the amount deposited.
Here is a table of the current interest rates on Bank of Baroda deposits:
Deposit Type | Tenure | Interest Rate |
Savings Account | – | 2.75% |
Fixed Deposit Account (1 year to 5 years) | 1 year to 5 years | 6.25% to 7.00% |
Recurring Deposit Account (1 year to 5 years) | 1 year to 5 years | 6.50% to 7.25% |
What are the Bank of Baroda interest rates on loans?
BOB offers a variety of loan products, including personal loans, car loans, home loans, and business loans.
The interest rates on these loans vary depending on the type of loan, the amount borrowed, and the credit score of the borrower.
Here is a table of the current interest rates on some of the most popular Bank of Baroda loans:
Loan Type | Interest Rate |
Personal Loan | 10.00% to 15.00% |
Car Loan | 9.00% to 12.00% |
Home Loan | 8.50% to 11.50% |
Business Loan | 11.00% to 16.00% |
How to get the best interest rate on a BOB deposit/loan
To get the best interest rate on a Bank of Baroda deposit or loan, you should compare the rates offered by different banks and financial institutions.
You should also consider your needs and requirements when choosing a deposit or loan product.
For example, if you are looking for a short-term deposit, you may want to choose a savings account.
If you are looking for a long-term deposit, you may want to choose a fixed deposit account or a recurring deposit account.
If you are looking for a loan, you should compare the interest rates, repayment terms, and processing fees offered by different banks and financial institutions.
You should also consider your credit score and repayment capacity when choosing a loan product.