BoB Cuts Sav­ings Rate on De­posits Up to .₹ 50L by 50 bps

The Economic Times - - Companies: Pursuit Of Profit -

Bank of Bar­oda has cut in­ter­est rate on sav­ings ac­counts by 50 bps to 3.5% for de­posits up to .₹ 50 lakh. Ef­fec­tive Saturday, the in­ter­est rate on sav­ings bank bal­ance of up to .₹ 50 lakh has been re­duced to 3.5% from the current an­nual 4%. How­ever, for bal­ance above .₹ 50 lakh, the bank has re­tained the rate at 4%.

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