Bank of Baroda on Wednesday raised the interest rates on deposits below ₹2 crore by up to 0.20 per cent. The new interest rates have come into effect on 13 September, Tuesday. In a statement, the Bank of Baroda has said that the one-year tenor domestic and NRO (Non-Resident Ordinary) term deposit will offer an interest of 5.50 per cent, up from 5.30 per cent earlier.
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