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Bank of Baroda raises rates on some term deposits

The state-run Bank of Baroda said on Monday it was raising interest rates by 25 basis points on term deposits maturing from 181 days to less than five years.

business Updated: Jan 03, 2006 16:17 IST
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The state-run Bank of Baroda said on Monday it was raising interest rates by 25 basis points on term deposits maturing from 181 days to less than five years.

It will offer 5.25 per cent for deposits maturing between 181 days to less than 1 year and 6.00 per cent for deposits maturing between three years and less than five years. The new rates are applicable from Monday, the bank said in a statement.

India's central bank raised the reverse repo rate by 25 basis points in October, but left the bank rate unchanged at 6 per cent.