State-run Bank of Baroda (BoB) today reduced interest rates on its various maturity deposits by 25-75 basis points.

The rate reduction will be effective from May 27 and will be applicable for all maturities above 181 days, the bank said in a press release here.

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A host of banks, including India's largest lender SBI had reduced deposit rates across various maturities in the recent past, taking a cue from the RBI policy signals.

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