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Bank of Baroda revises deposit rates
Our Banking Bureau
MUMBAI, February 23: Bank of Baroda (BoB) has revised the interest rates on its term-deposits upwards. The bank is now offering seven per cent interest on deposits of 30-45 days, 9.50 per cent on deposits of 46-179 days, 10 per cent on deposits of 180 days to 1 year, 11 per cent on deposits of over 1 year to 2 years and 12 per cent on deposits of over 2 years.The interest rates on NRE (Re) deposits for maturities of 6 months upto 3 years are linked to domestic term-deposit rates with a mark-up of 50 basis points whereas the mark-up for NR (NR) deposits over domestic term- deposits is kept at 100 basis points. Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.
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