New Delhi, May 5 -- Ever since RBI slashed repo rate last month, banks have been revising their fixed deposit interest rates. After State Bank of India (SBI) and IDBI Bank, the banks which have revised their fixed deposit interest rates are Bank of Baroda (BOB) and Kotak Mahindra Bank.

Now, Bank of Baroda offers an interest in the range of 4 percent to 7 percent across tenures. The bank also offers a special interest of 7.10 percent on Square Drive Deposit Scheme (444 days) which was 7.15 percent earlier. Senior citizens are entitled to receive 7.60 percent on this deposit scheme which was 7.75 percent earlier. Senior citizens, meanwhile, are offered an extra 50 basis points across all tenures.

As we can see above,fixed deposits in one ...