Bank of Baroda has revised the interest rates on NRE term deposits with effect from September 3, 2004. (figures in brackets indicate the previous rate of interest)

Maturity Range	Interest Rates	Annualised Yield
1 year and above but less than 2 years	2.30% (2.50)	2.31%
2 years and above but less than 3 years	2.80% (3.20)	2.86%
3 years and above but up to 5 years	3.30% (3.70)	3.44%