Bank of Baroda saving account interest rate in 2020
Bank of Baroda is changing the interest rate in saving accounts from April 2020. The new interest rate is as following.
Bank of Baroda saving account interest rate from April 2020
Deposit balance up to 1 lac : interest rate 3.25%
Deposit above 1 lac: Interest rate 3.00% per annum.
Earlier above 50 lac interest rate was 3.75%, which would be reduced from April 2020.
If you maintain account balance above 1 lac, you will get 3.25% for 1 lac and 3.00 on above 1 lac rupee 1.80 lac rupees. You will get 3.25 for 1 lac and 3.00 % on 80,000 /- .
Bank of Baroda saving account interest rate is being reduced because of other competitive banks also due to the repo rate.
For example, if you have In another side Bank of Baroda has reduced interest rates in loans also.