Rates

Rate of Interest on Term Deposits:  revised w.e.f. 26.10.2020.

              Tenure                                   30 days to 90 days91 days to 180 days181 days to 12 months12 months & above to less than 24 months24 months & above to less than 48 months48 months & above to less than 60 months
Upto 10 mio5.756.257.007.507.757.75
Above 10 mio upto 50 mio6.256.757.258.008.008.00
Above 50 mio upto 100 mio7.007.257.758.258.258.25
Above 100 mio7.007.257.758.258.258.25

Note: – Branch Heads may contact the Head Office for extraordinary business on case to case basis for consideration of Preferential Rate of Interest. 

 

Premature Withdrawals:

For premature payments/ withdrawals of Kenya Shillings fixed deposits, following guidelines will be   applicable;

S/N

Period of Deposit

Premature withdrawal

Interest payment, Penal interest etc on premature withdrawal


1


30 Days to 90 Days


Allowed

No Interest will be payable, if deposit continues for less than 30 Days.

A penal interest of 3% will be deducted on the rate of interest applicable for the period; the deposit has actually remained with the Bank from the date of deposit (for the period of 30 days & above).


2


91 Days & above


Allowed

No Interest will be payable, if deposit continues for less than -30- days.

A penal interest of 3% will be deducted on the rate of interest applicable for the period; the deposit has actually remained with the Bank from the date of deposit (for the period of 60 days & above). 

Branches are requested to take a note of the above for strict compliance.

 

Kenya Shillings – SB accounts à (w.e.f. 02.11.2018)

Amount in Baroda Savings AccountRate of Interest per annum
Upto 1.00 million (0.00 to 999,999.99) All SB Schemes1.50%
1.00 million & Above (1,000,000.00 to 999,999,999.99) All SB Schemes2.25%
Baroda Toto Savings Account (0.00 to 999,999,999.99)2.25%

Kenya Shillings Fixed Deposits w.e.f.: 18.05.2020

PERIOD OF DEPOSIT

RATE OF INTEREST

% p.a.

Minimum Maximum
30 Days90 Days5.75
91 Days180 Days6.25
181 DaysLess than 12 Months7.00
12 Months & aboveLess than 24 Months7.50
24 Months & aboveLess than 36 Months7.50
36 Months & aboveUpto 60 Months7.50

 

Note:

    • The deposits for maturity of more than 12 months can be accepted in multiple of -3- months only.
  • Premature Withdrawals~ Kenya Shillings Fixed Deposits:

US Dollars Fixed Deposits:                                          w.e.f. 25.05.2018

Tenor of Deposit in US$Rate of Interest
30 Days & less than 3 months2.00% p.a.
3 months & above but less than 6 months2.25% p.a.
6 months & above but less than 1 year2.50% p.a.
1 year & above3.00% p.a.
  • Premature Withdrawals ~ US Dollars Fixed deposits:

Rate of Interest for Great Britain Pounds (GBP): revised w.e.f. 11.04.2018

  1. Branches are authorized to pay interest at LIBOR only for respective maturity for the customers’ deposits in GBP, w.e.f. 11th April 2018.
  2. For premature withdrawals of GBP fixed deposits following guidelines will be applicable: